Comment: Target of buy position is 136.84 or 137.31 in expansion. Be carefull of any reversal pattern or indication.

Comment: If im not mistaken, what ive seen through out yesterday performance is a "bullish divergence". From the trend analyst, the RSI is about to cut line 50 and supported by the moving average lines which is almost intercepted each others. What else to wait for is buy entry. Target will be 132.73 or 134.09 in expansion. The wave target is @ 136.04 (fibo 61.8%).Smac-d in 30mnts tf, (trend analyst) is clearly indicates bullish trend.

Pref.Count: Currently, im waiting for any sign of bullish entry.IF today's price falls and hit 134.36,there should be bullish divergence pattern created. Target of buy post is 137.73 or 138.13 in expansion.

Alt count: Bearish hit 134.36.

Comment: Market of the day, smac-d in 30mnts shows bullish indication, but hasnt supported by other indicators. RSI < line50, MAE 42 > MAE 14.

Analysis: Through out yesterday performance, the moving average lines are opened widely, indicate how strong the bullish trend yesterday.Normally, after such impact the trend might turn the opposite to make the moving average lines cross each others again (bearish start up).The smac-d indicates bearish pattern, while this trend is supported by the RSI which is almost intercept line 50.What exactly im waiting for is the confirmation from these indicators to support this bearish trend.

Pref.Count: Im expecting the price today fall 133.66 or 131.35 in expansion. If the RSI intercept line 50 successfully, while supported by the moving averages interception, we are BINGO.

Alt Count:Otherwise, we might see further uptrend with the target on wave counting @ 141.24 (fibo 261.8).

Pref.Count: At this moment of time, Im waiting for bullish trend, expecting price to touch 135.43 or 137.48 in expansion. Any further bearish trend perhaps wave 5 in expansion in progress again as i dont see any clear divergence to end this major trend.

Comment: From the trend analysis in 30mnts tf, as we can see the moving average lines cross each others (MAE 14>MAE 42) indicate bullish trend.Because the smac-d pattern indicates the other side (which is strong bearish indication), im waiting for any confirmation from either the stochs or smac-d to turn into bullish indication. RSI is above line 50 for the moment, while the analyzer; 65% ups, 35% down.

1.t-set up: 62% bullish, MAE 14> MAE 42, RSI > 50, (BULLISH.

2. White-completion: sell set up

3.(3/4) TF Analysis:

(sell set up)
5m-1111 (4/4)
15mnt-1111 (4/4)
30m-0111 (3/4)
h1-0110 (2/4)
h4-0000 (0/4)

10:10 AM 02/01/2009


Comment: Above chart, i can say that bullish is still strong as the moving average intercept just right indicating bullish trend.Also supported by the Smac-d pattern. Target will be 135.36 or 137.11 in expand, expecting subwave 1 "in wave a". Any bearish trend possibly would be wave 5 in expansion or subwave 2 of "wave a" in progress.