Wed. March 23, 2011 -- Looks like some of the market is running up again. Either a wave 4 completed or a complex wave 4 still in progress. To early to tell yet.
I did buy a small position in AMZN this afternoon. Alternate wave count labeling it a complex A-B-C in progress and it is holding near 38% support, 200 exponential MA. Figure it could bounce from here or, if not, 151 to 148 next possibility.
I did buy a small position in AMZN this afternoon. Alternate wave count labeling it a complex A-B-C in progress and it is holding near 38% support, 200 exponential MA. Figure it could bounce from here or, if not, 151 to 148 next possibility.
Comment