Monday, May 12, 2008

Trend Day Monday


Here is a good example of a trend day up. All day up, if you will. Low of day was POC, 1963, then 5 waves up, 3 waves down, resistance at 1984 became support in a classic TEST2, if you back it up you can see that 1984 was the midswing confirming the double bottom at 1951. More gains after 1992.75 taken out and a weak test of 2005 next resistance.

No comments: