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Thursday, June 14, 2012

Thursday, 6/14/12 update

Possible bear count for ES.  Note that 1359.50 is a .618 retrace of Intermediate Wave 1 (purple) and 1360.00 is a .786 multiple of Minor Wave A (red). 
The other thing to note is that Intermediate W1 took 9 1/2 weeks to unfold, this projection shows a top for Intermediate W2 only 2 weeks from it's onset, a bit quick.  So if this is accurate in terms of form, the projected top around 1360 may only represent the 1st leg of Intermediate W2.  In that case the labeling of Intermediate W2 would drop down by one degree and it's eventual conclusion would be pushed forward in time.

Zoomed in

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