This blog introduces a new way to analyze the stock market. The 5 Wave Model uses relationships between up and down movements, or waves, in the price action to determine turning points in the market.
Tuesday, May 29, 2012
Support/Resistance Generated by 1292-1335 Wave Structure
If 1291.98 to 1334.93 is indeed a complete 5 wave sequence, here are the support/resistance lines generated by that wave.
Please see our earlier update for our complete outlook.
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