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Market Bias - pattern comparisons

07/10/2008 12:00 am EST


Toni Hansen

President and CEO, Trading From Main Street

Looking at higher odds for uptrend today... pace is different off the highs from both of these patterns.... with the 60 min slower on the nasdaq and more rounded so the even pattern confirmation today would not as easily have same momo on the upside for the nasdaq so just going to have to wait to see if we get any confirmation today... and how it forms, but same concepts at play here

100 tick charts now on wave three on premarket trade on the upside (premarket exhaustion on upside within the larger pattern)

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