| $Compq- failure at trendline |
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| Written by Gary Caumont | |||
| Thursday, 22 July 2010 04:46 | |||
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We failed to penetrate the trendline putting in a nasty pop & drop from yesterdays 2236 high. See the following 10day 30min chart for possible scenarios. We canceled yesterdays 2242 wave 5 target by going below its 2197 wave 4 low. 3 new counts are shown: a longer term wave 3 up to 2270, a short term wave 5 up (in bold, not labeled) to 2259, and if we fail to penetrate the trendline, an ABC down with a target of 2136.
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| Last Updated on Thursday, 22 July 2010 13:26 |