Brian Lucena
11-04-2007, 02:22 AM
At typical 5th wave price level with 5/17 (using the 5/17 for clarification. Divergence exists but is slight on the 5/34) oscillator divergence. DP level off Wave 3 was exceeded on Thursday but Friday was a key reversal blue bar with prices recovering to the DP level. R/R at DP level off of wave 4 is 4.2 to 1.