"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Thursday, November 27, 2008
Pref. count: At this moment, subwave 5 in "wave a" is in process. We can clearly see the horizontal triangle corrective pattern. Ill find any good set up to enter buy position with the target of 149.98 (expansion wave a).
Alt. Count: For any bearish continuation which has led to the possibility of breaking critical line to invalid this bullish trend will indicates that "wave a" is completed. Target will be "wave b".
Comment: I dont see any divergence pattern to end this bllish trend for the moment. Dailly t.frame strongly indicates bullish is still in process (Smac-d supported by the RSI>0 ).
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