12 Mar 2013

Upside still in progress.  The 5min shows the EW patterns that is possibly forming.. Once it is resolved we can look for a final 5th to form.  Our weekly Stoch. has shown us divergence and will have to close up for this week to have it print and have us assume a down trend starting as early as next week.

 

If we have bottomed at 2pm today then we would have a 4th wave with a wedging pattern that would end this whole 5 waves up.  This would be a very good bet that we are close to ending..