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Tuesday, December 13, 2011

12:08 ET EW count updated. 09:35 ET ES_F EW count. Obviously,wave 4 is negated and wave 2? in play.

The chart,above, is a relabeling of our alternative wave 2. Remember that we are working in real time,and that means to respect price and EW moves.

As always,there is a chance that a wave 4 is negated and a wave 2 is instead,in play, and that is,again, our case. Lower lows and lower highs are in place so, the bearish pattern is intact .

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