"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Friday, January 2, 2009
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.
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