Since this is a Holiday week, I would gather that markets will be sideways for most part and lack in significant volume. Unless we get a Christmas present from either the Grinch or Santa. At the moment the pattern suggest a impulsive move tomorrow then eventually rise to new highs.
I mentioned previously that each day we move higher that the abc/de counts becomes less likely. I an impulsive move down for this scenario to still be kept alive. Are we in a 4th wave subdividing structure? That's a good question..
MT: UP
ST: UP
PA: UP
hi, do you mean an impulsive move down first before rising to new highs? or impulsive move up?
ReplyDeleteIm expecting a move down in a corrective C-wave, but the 5% GDP which is a crock of crap has thrown a wrench to this in the morning. Still can happen then new highs, but we also got a new high this morning... GDP increase based on Healthcare
ReplyDeletehttp://www.zerohedge.com/news/2014-12-23/here-reason-surge-q3-gdp