Thursday, April 4, 2013

Trade Guideline For Friday

Wave 5 down finally ended with a cross above the band during the lunch hour, wave 1 or A.

-- As long as price remains above the band on Friday the rally that started during the lunch hour on Thursday should continue.
-- A break-back below the band implies the end of the rally leg, whether it is an ABC wave or 1-2-3-4-5 wave.