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Thursday, September 24, 2009

Mid-Day Count Sept 24

Before I go into my preferred microcount, lets looks at this rally from another perspective:

Alphahorn put up a similar count. However, Columbia and I thought about this possibility back on Aug 22: Looking at the Rally Progress, Bigger Picture, and Some Wave Comparisons. It took a long time for this diagonal to come to fruition, and it didn't look like one for the longest time, but now I think it is finally materializing and showing itself.

On to the preferred count: I still think we are in Minute 4, and it is very close to finishing up.

Here was the diagonal beginning to show itself, finally :)

Daily chart: I think we are retesting the EMA 20, and I think this coincides with the end of Minute 4.

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