Things seem to be clearing up on the shorter timeframes. As i said in the previous post, there was a possibility for another leg higher on the news. I still believe this will be negative eventually. The reason for this is that the rally is corrective. Alternatives are that this 3 wave rally is part of a bigger corrective wave, so a bigger complex double three, a flat and a triangle are still possible.
Saturday, October 29, 2011
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