Quote from Mup:
Remberber that 60min Chart zone from yesterday...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2182884
It shows where people were either bailing at break even or trying there luck by doubling down... Double down Bulls got lucky yesterday...
Well were back there and those same buyers will now again either be bailing or the uber bulls will be thinking they carn't belive their luck!! A chance to add again on a tiple bottom...
So we can expect a little bit of mischief around here...
Triple bottems rarely hold once all the mischief plays out .....
http://www.elitetrader.com/vb/attachment.php?s=&postid=2184587

)Go to www.elliotwave.net for a breif summary,use of terms,the whole thing is there,myself and most people that view this thread don't understand it as well as the posters here,they are really good at it.Quote from Derrick1983:
Can someone explain in brief ââ¬ÅElliot waveââ¬Â and how it helps?
