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Well, the market is still intacted. Had one wild wave red -2-. Took two days to make it. In the process this baby is going farther south now. Looks closer to 1255.
Now we have the red -1-2- in and the blue -1-2- in and should form the black -1-2- thru the night. The red line should be the area it goes back to.
Then some trending action should begin. Wave three of three starting up. Double the contracts and make the easy money here. Or add on contracts as it drops. What ever suits your fancy. But this is the mover coming where the train cars go. At least with all the consolidation it should trend on break out.
One thing of note. If you project off the blue -1-2- you will notice this market stopped right at 1.00. All -1-2- patterns are finished by then or they do not happen and it becomes an regular wave (regular waves end at 2.382 and extended at 3.382.
Happy trades to all
sillywaver
charleydan
