Friday, November 14, 2008




Currently, the market can be assumed to has completed wave 5 since there is divergence sign produced through out yesterday performance.Smac-D indicates strong starting of bullish trend(smac-D above 0 ). What i will be looking for is a bullish set-up as the price is expected to touch at least 148.82 (Fibo expan. 50.0)or 150.51 in expansion.

Alt count: if the price cut below 141.00, perhaps bullish counting wouldnt be valid anymore.Price is then expected to complete wave5 in expansion at 136.67. There is no valid signal for this great bearish anyway.

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