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Friday, January 20, 2012

Intra-day crude setting up

I thought I had missed the chance to get long crude at minute degree wave ((ii)).  Luckily it looks like a complex expanded flat is forming.  I'm expecting a pullback to the 61.8% retracement of ((i)) at 99.11 in /CL.
We still need subminuette degree waves b and c of (y) of ((ii)).

I'll be looking at the USO  Bullish 39/42 VERTICAL CALL spread.
Posted by Waverunner (FractalTrader) at 4:51 AM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))