Whether we just get an a-b-c from here or one more motive wave up over the next few days is impossible to tell. This is market ambiguity near the turn. It has to make things difficult for the average person.
Tuesday, March 10, 2015
[DJIA] arriving at first major potential support.
Might dip another 20 points or so before bottoming according to the expanding wedge model below. You have to be careful with this because wedges, whether expanding or contracting, can be used for retracements. Why? Because it is not an inherently motive wave. Look how 4 crossed up into the region of 1. Not motive.
Whether we just get an a-b-c from here or one more motive wave up over the next few days is impossible to tell. This is market ambiguity near the turn. It has to make things difficult for the average person.
Whether we just get an a-b-c from here or one more motive wave up over the next few days is impossible to tell. This is market ambiguity near the turn. It has to make things difficult for the average person.
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