"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Saturday, November 15, 2008
Preferred count: As per yesterday performance "wave a" hasnt completed as the price didnt even touch the 1st target of 148.82 (expan fibo. 50.0).Im expecting price to continue bull hit the target of 148.82 or 150.81 in expansion. As we can see the osc and smac-d indicates, white/blue just intercepted (bullish).There is no signal of bullish trend to has ended after all.
Alt count:If price continue to fall further after the last price (which is in bearish trend, im expecting its now about to complete wave 5 in expansion with the further target of 124.31.
Comment: Trend analysis in sequence (indicators analysis): 15mnt-sell,30mnt-sell,h1-buy,h4-buy. Market strength: 76% down, 24% up.
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