WTIC, West Texas

wtic jul 2012

We were looking for $67 as a first target, but only got a reading just under $78 or so. So either the count is incorrect or this particular leg down is not yet complete. As it stands we have retraced about 60 % of the recent minor wave 3 down at about $92. All if this in seven days. Give it another day, after which the count may well be wrong.