My current DJIA model shows that the 5th wave of an ending diagonal is likely complete now that C of 5 is longer than A of 5. An intraday reversal for the markets, which are currently still green for the day, would help to cinch this view. A move above 16970.18 would cause me to dump my newly created short positions and have a re-think of this whole ending diagonal model.
Monday, June 9, 2014
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