Weekly: We have completed v of 5 of a wave that started in April 2014 - now we are looking for a new trend.

Daily:  After wave v completed last Friday, we entered into a short term descent  

Hourly: On the 1-Hour chart we see a minute a-b-c wave down that started last Friday

Interpretation: We are on hold

Next: A daily close below the recent low of Sep 15 would confirm a larger down trend.


































Charts and Notes from Friday September 19, 2014

Weekly: We have been working on v of 5 of a wave that started in June 2013
Daily: After wave iv that took almost 2 weeks to work out, we entered into v on 9/16/2014
Hourly: On the 1-Hour chart we see that wave v completed today (also seen in the 2-Hour charts)

Interpretation: Uptrend that began on 9/16/2014 likely ended today
Next: A daily close below the low of Aug 7 will confirm the down trend.