Wednesday, February 27, 2013

RumWave proven right again

Critical inflection point


Yesterday I posted a comment about an upcoming bullish surge based on historical RumWave data.  It materialized today in a big way.  I don't think it is done.  We may see a pause in the action, but historical data indicates that a 4-5 day trend higher is likely.  This would coincide with an Elliot Wave "5th wave" on the impulse that started in November of 2012.

Today's Scores:

Interesting 1 hr charts with bullish divergences highlighted:




I think tomorrow may meet some resistance, but a stronger short term up and/or sideways trend may be playing out over the next little bit.

GOOD LUCK TOMORROW!

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