"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Friday, December 5, 2008
Pref.Count:At this moment of time, i cant see any clear indications towards trend biasness. According to my preferred counting, Im expecting market will perform downtrend to complete "wave b" before expecting any major bullish for new "wave c" progression.But, i dont enter any positions yet,since most of my essential indicators contradicting each others.So,i might gonna scalp for any clear opportunity either buy or sell..hahaha..but i dont expect any big pips.
Comments: At this moment of time, trend has shown by the smac-d (bullish),supported by the RSI which is almost retrace line 50.But the moving average seems like far from any bullish indication in 30mnts tf. Anyway, validity is upon supportive indications of them.Im waiting for the real validity of RSI>50,and confirmed by the MAE itself.
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