Friday, June 25, 2010
If my reading of the intraday count is correct, the Qs are beginning wave (v) of [c] of y down of (ii) of [c] up in an ending diagonal at the time of this post. If this view is correct a powerful rally should begin sometime this afternoon perhaps within the hour that takes the Qs near or above yesterday's high of 45.99. This would be the first real sign that the pullback is over and wave (iii) of [c] of B up is underway.
Posted by R. Craig Pritchard at 11:15 AM