ESU--Friday, August, 26, 2011
The chart I posted yesterday was close but not the real pattern being played out. After the fact, try this one.
Classic impulsive move up ending at 2.618 times the base. Moreover, it looks as though a 3 wave down move has ended this morning. (First wave down at 1.272 of the impulsive pattern base, third wave at 0.618 of the base.)