"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:Due to current situation, i have established a new preferred counting. Until this moment, i dont see any clear entry indication either buy or sell.But, based on my counting, market still in bearish trend, where im expecting the graph will falls with target 133.49 or 128 in expansion to perform expansion "wave 5".So what basically im waiting for is a good set up to sell before expecting major bullish reversal.
Alt Count: Wave 5 might has been completed.So watch out for any major bullish signal from the indicators.
Comment: Smac-d indicates bullish trend with no other support from RSI and MAE.Currently, MAE 42 > MAE 14, RSI < line 50, indicate bearish support.I can conclude, there is no supportive indication either for bullish or bearish.
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