Thursday, May 14, 2009

Morning Review 05/14/09



The Financial Sector turned Green after 1000 ET along with the Advance - Decline Line. This is a bullish indication.



The market found support at the 0930 ET Open Price following the up wave created after the test of yesterday's low. That mid-morning correction was also 62% of the up Swing Wave. The market then completed an Impulse Wave almost the same magnitude as the Swing Wave.
$TICK has been in an uptrend most of the morning.
Charles

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