"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Wednesday, November 26, 2008
pref. Count: Today price is open above the daily pivot line. Im looking for any sign that can indicates this bullish trend has ended. I open my sell position at price 147.22 with the target of 137.63 or 136.34 in expansion (wave b).
Alt count: Any major bullish is an expansion of "wave a" with the target 148.90 or 152.06 in expansion. (This is possible to happen since i have not found any sign to indicates trend ended.
Comment: On the supportive pictures, im waiting for the confirmation from the interception between MAE42>MAE14 (indicates bull trend started). My sell position is strongly support by the smac-d interception as well as RSI<0 (which it just cut the zero line).
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