Tuesday, October 6, 2009

What ii doesn't look like...

Ok, we still could be in the count that I listed above, but it is very doubtful. While it doesn't break the rules technically, ii have become a little extended. Dan's current count looks the best. Basically we are finishing the C wave of P2 up.
BPSPX:CPC still has not crossed, so there is still room to move up as it has retreated a bit.
I expected a retrace back down to the 50ma and then a bounce up now its looking like back down to the 20ma.

CPCI:CPCE still having issues, things turned strongly bullish.