Tuesday, 17 April 2012

2pm Update - in the zone

The bear flag is still intact..only a move over 1410/15 in the days ahead will violate the initial wave'1 lower theory - if that's what it was.


Everything is on track, we're now in the target zone. Since I was looking for a 2 day C'wave, - and this is only day'1...I will most certainly wait until tomorrow.

I will look to wait until Wednesday morning - at the earliest, to initiate short positions.

More after the close!