The XAO cannot drive higher beyond the end of '2' to remain valid in the short term. Expecting plenty of bears.
Tuesday, November 1, 2011
XAO - Short Term update
The corrective wave '2' appears complete. It has taken a little longer than anticipated - the fifth wave failure at the termination of 'b' shown circled initially threw off the count of the final leg up to complete '2'.
The XAO cannot drive higher beyond the end of '2' to remain valid in the short term. Expecting plenty of bears.
The XAO cannot drive higher beyond the end of '2' to remain valid in the short term. Expecting plenty of bears.
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