Saturday, May 11, 2013

ITC - Elliott Wave Update

  1. Read our last post on ITC here, called for a min move to 350, and good possibility of exceeding it.
  2. ITC has moved above 350 like a hot knife through butter, but how long will this rally continue?
  3. Well we do not get such potent "combination EW patterns" like "double flat" often, this pattern generally precedes strong rallies, and one such rally in ITC, may have just begun.
  4. We will get short term pauses from time to time, but the trend in this counter may remain up for a while.

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