Thursday, July 9, 2009

XAO - Short term correction

The XAO is correcting into wave 'ii' and should complete shortly at perhaps around 3800 or alternatively may form a more complex correction that will last a few more days.

Exceeding the 3900 mark would have me reconsider the current wave count. As of now, the whole move down from the end of wave 'C' can be considered a completed 'a-b-c' correction. Hence, break above what has been outlined would have me rethink the count.

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