Friday, January 16, 2015

Late Day Update - Jan 16, 2015 : Short Term Projection for E/Y

I dont know if the pattern up should be labeled E or Y, but either way, here's a possible expectation.

Am flat now. Due to it being counter-trend, its not a good idea to short the counter-trend B-wave shown, even if it MIGHT be possible.

 I did not trade today that well. Will sit out til clarity emerges towards the end of (E)/{Y}, which should end around the time target of Jan26 as previously posted.. maybe Jan27

Charts below. Slight correction: {W} should read {X}