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

Friday, February 5, 2010

And Some Clarity Emerges

I was pointing out the conflicting signals last night in Blech. Well, the potential A-B-C count for B of 2 has resolved itself overnight .... as a *very* clear 5.

It looks like a perfectly extended impulse. No truncated 5th. Nothing ambiguous. Perfect.

I am adding to shorts on the next pullback this morning.

blog comments powered by Disqus