Monday, December 22, 2008





Pref.Count: Due to furthered downtrend recently, new counting has been established. As per the chart, "wave 1" is in progress.Target of the day is 135.91 or 137.30 in expansion. Basically as per the fibo calculation, wave 1 is expected to end at 140.71.

Alt.Count: Any downtrend is major wave 5 in expansion.

Comment: RSI located above 0-line while supported by the smac-d pattern for the moment. Currently im waiting for the interception of moving averages (MAE 14>MAE42) to confirm the trend.

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