I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, September 22, 2009

Mid-Day Count Sept 22

Still building off my count from yesterday (EOD Count Sept 21) I still think this looks corrective, not impulsive. The recent price action *could* be labeled as a 1-2,1-2,1-2 up for 5, but that seems like a low percentage count to me. I still think this is Minute Wave 4 and that it wants to extend sideways and gain complexity.

If geno reads this, let me know what the genometer is saying :)

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