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XLB (Materials ETF) : A possible Count
Wednesday, September 5, 2012 13:32
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Not all that glitters in the US equity market is gold !
Below I have a potential count which is suggesting the the Double Zig Zag off the June lows is already over.
If this count is correct in the next rebound price will have to establish a lower high.
This one is in the radar for a short set up.
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Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com
2012-09-05 13:22:07
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