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Sunday, April 6, 2014

Jo

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Looks like Jo Probably put in a double bottom on the 2 HR. time frame. I went ahead and stuck my foot out there and here's the count I have.
 The Double Bottom looks like a Eve & Eve and that would work with a -a-/-b-
wave. a throw  back would match for a small wave  ii  .  This is speculative of course. It needs a break above the cloud and to stay above on pullbacks. The Daily time frame is close enough to the edge of the Cloud and theres a DMI crossover.

Of course if it's a head fake the downside would trace out 'c' of a a-b-c-.
That's a 3.21 cent risk for the stop.

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