May 30, 2013

Short term update

Updated chart with the both options - simple A-B-C and the triangle. At this point is not possible to say what we will see..... but the main point is that this is corrective move and the index has unfinished businesses on the upside. Add to this that some indicators like McClellan Oscillator are oversold, the histogram has reseted and other indications that we are nearing short term bottom.

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