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Friday, March 18, 2011

So Close

We are so close to my Favorite TARGET of 5330. Todays fall takes us to 5373. The technical indicators are oversold. But still I think we will be touching that 5330 area on Monday.

But on the way down I saw something . I had always suspected that we will be doing a a-b-c-d-e triangle.
I also have a MOST PROBABLE target for that 5679.And that is 50% retracement of the 3 rd wave . See the 15 min chart below . Thats a Wolfe Wave with targets 5650 area. With the technical indicators already oversold , that is more conformation that we will be heading back up again ......FAST.

Wait for sometime on Monday . See the action and you should know when to BUY CALLs.


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