Wednesday, March 31, 2010

Morning count update

I took some time to consider what count i'm ultimitally looking for to exit at the fib lines on the 60 minute chart. I believe it will be an "A" if it comes true.

After doing this I went back to the 15 minute chart to look closer and changed my micro count a little. Note: I still need to change the 1-10 minute count to reflect the 15 minute chart on my public charts.

I'm getting a little concerned from this count because it is very easy to see a bullish count where my Blue "A" could be a blue "C" and we got a solid looking 5 wave count up to 1177. Nonetheless, the daily and 60 minute chart are true to the Divergence Trade of 3's that i'm trading off of.

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