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Monday, October 5, 2009

After the Bell update

Thank-you Russ for cartoon, it has been awhile since this has been around!!

Not much changed since I posted the Mid-day update, we retraced back 50% for wave 2, on low volume. And seeing lots of over-bought indicators and oscillators at the close. If this count is right, better tighten your seat-belts for the rest of the week. This is still my preferred count, although I do have a very Bullish one going in my charts on Stockcharts.

Here is the Renko version, I labeled the correction as a 2x Zig-zag, it also can count out as a regular a-b-c, notice where all the indicators are, all topped out!!!