Thursday, May 31, 2012
more climax action today...
Finding tops and bottoms not easy... but here's something to consider- finding absolutes isn't neccesary-- but scalping off them is.... UCHF not correcting at least .38% (down to .87%) still bothersome... So one alt is a expanded B wave which today we happen to have c=a in a nice C channel. Earlier in week The volume was expanding High through major S/R (validating the S/R line and move)
But still bother by lack of Volume on AJ for a meaningful rally ( it did stop on the weekly S2 though)
However 5 waves down...
AU and NZ had some seller climatic 4hr action today- possibly turning point...
NZ's reluctance to go down and High volume over the past few sessions accumulation? we'll have to wait and look for ND near "a" as a stop hunt down should follow and good period of accum- so maybe range bound??? for a bit...



