Quote:
Originally Posted by perky
Tropo,
Is it your belief the asx200 is in wave 3 ?
If so, that 4300 level is very much on the cards - although a short term a rally to around 5500 is probably going to happen at some point soon (I hope  ).
David |
Hi David,
Wel.... I do not like what I see on my charts, so IMHO 4300 level (I’ve got 4280) is a real possibility.
Personally I do not follow Elliott stuff but it seems that 3rd wave may be in play.
At some stage of the game market will go back up possibly to 5320/5440/5560? (approx).
It seems that at the moment XJO is on the way to 4757(very important level).
Temporary rebound may give you an opportunity to put down some 'dogs' if you do have some. 
Happy Trading  and stay  !!
Last edited by Tropo : 15-07-2008 at 11:55 AM.
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