16 Apr 2015

Toppy lookin' from todays price movement.  When viewed on a 15min time frame the EW patterns come out to be a 5 wave down from yesterdays high, with a 3 wave rally into mid-day.  With the Intra-day charts pointing down and the ST pointing up, there is really no solid views as to the direction.  So it is best to wait for both to be in Sync before creating a position.  It is possible that we could still see a rise since the ST is still pointing up and giving us an accelerative probability.

MT: DOWN
ST: UP
PA: UP