Wednesday, March 16, 2011

Expect More Selling This Afternoon

We have a clear 5 waves down from yesterday's afternoon high on the 1 minute chart with a 3 wave rally underway.  Expect some intense selling this afternoon.  This may be wave c of (b) of [x], which will be followed by wave [y] up, but more likely is a small degree 3rd wave of wave [c] down to complete the correction.  We will know soon enough.

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