Mar 4, 2014


Only short living intraday break bellow 1840... the line in the sand moved at 1835. The move yesterday was three waves(corrective) and today it looks impulsive currently in wave 3 with wave 4 and 5 to follow. This means the ball is still in the bulls. The move since 19.02 is very ugly and choppy, but as long as we see 3 waves lower ant 5 waves higher the trend is up.
Cycles - this should be the beginning of the next 20 day cycle, but the bulls should show more strength and clear the MACD divergence to prove it.

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