Friday, 16 November 2012

Closing Brief

A good week for the bears, and where my original primary target of sp'1345 was hit earlier this Friday morning. The smaller wave counts are suggestive we'll still see one final (but probably sharp) wave lower before thanksgiving, and it could easily be <sp'1343.


Sp'60min



Trans'60min


Summary

It would appear we completed the B' wave just before 3pm, and we're now in the C' wave.

I'm guessing - and hoping, we open at least a little higher at the Monday open, somewhere around sp'1365/70.

Have a good weekend everyone!
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Bits and pieces to round up the day across this evening.
There will be a weekend posting, late on Saturday, probably dealing with the weekly charts.