Upon zooming in closer to my daily chart, a few more things were noticed. First was the fact that STI remained in my channels, which probably shows I'm still on the right track.
Interesting thing to note. I counted a 5 waves structure starting after the breakup of the symmetrical triangle (which constitute a complex correction wave) on 15th July 2009. I have plotted my expected subwaves on the chart using fibonacci retracement if you observe carefully.
My count is
subwave 1: 2319~2485 (166 points)
subwave 2: 2485 ~ 2443 (~23.6% retracement in 1 day on chart)
subwave 3: 2443 ~ 2642 (199 points)
subwave 4: 2642 ~ 2567 (~38.2% retracement in 1 day on chart)
subwave 5: 2567 ~ ???
I still expect this 5th wave to terminate within the region 2684 to 2709, giving us another 117 ~ 142 points rise... Sounds logical right?
Shall see how it goes... What I'm unsure of yet is which major wave this is part of...
Also from chart, we can see that STI is being "squeezed" by the mid term upchannel resistance and the short term upchannel support.
Expected trading range for STI tomorrow is 2610 ~ 2665.
Shall keep money in my defensive dividend stocks, and probably start moving funds out of my remaining pennies which are in red :(
PLEASE READ!!Hello Guys!!! I am Caro I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from Adriano. My blank ATM card can withdraw $4,000 daily. I got it from Him last week and now I have withdrawn about $10,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met Adriano because I met Five persons before him and they could not help me. But am happy now Adriano sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to Adriano because he changed my story all of a sudden. The card works in all countries that is the good news Adriano's email address is adrianohackers01@gmail.com
ReplyDelete