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, November 17, 2009

Is Minor A Done?

In my last post (Current Micro) I was showing a 4 down with a 5 up to come. Well the subsequent action has *NOT* been impulsive up. In fact it looks very much like a sideways 'b' wave.

I think my count from yesterday (I Spy With My Little Eye...) might be correct after all and Minor A is done. Which puts us in a Minor B. Which will have a lot of confusing up and down action, which is exactly what we are getting today.

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