Perfect Wave - 2012-1/2

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Major battle brewing at 132.25 area. Tomorrow's open is crucial.

 

[snowrider]

Quote from Wide Tailz:

Bearish Action. Will it continue?

Yes, today's price action was very bearish. If we don't see a reversal bar on Friday to stop the bearish momentum, the market will really start the big wave-[C] to ... maybe 960.

 

[snowrider]

 

[Wide Tailz]

I was googling EW tactics and found a crude oil forecast from Jeffrey Kennedy that went something like this:

:eek:

 

[snowrider]

Quote from Wide Tailz:

I was googling EW tactics and found a crude oil forecast from Jeffrey Kennedy that went something like this:

:eek:

Interesting!

 

[snowrider]

Wave Count - SP Intraday

 

[Wide Tailz]

Interesting price action tonight. The hourly is tracing out a megaphone. Grand Supercycle used to harp on this type of pattern.

 

[snowrider]

Quote from Wide Tailz:

Interesting price action tonight. The hourly is tracing out a megaphone. Grand Supercycle used to harp on this type of pattern.

Wide Tailz - Thanks for sharing!