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Wednesday, October 7, 2009

Morning Update

AFTER THE BELL UPDATE- Not much has changed since this morning, volume was lighter then yesterday, Advancers were barely higher then decliners 1.135:1, and the Bollinger Bands continued to tighten, I expect a gap up open to start finishing up this wave, but not much more then 1070, more likely less then 1070.

This boring wave 4 type of day might be leading to a large move in the very near future, as the Bollinger Bands are starting to tighten up.

If this rally does not pick-up some strength and volume, I am leaning towards the option that A-B-a-b, has been completed, and that we are in the final leg c of C, filling out that Head and Shoulder pattern.

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