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Insurgent interlude


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On 08/09 Intraday, index hit 1101.54 then reversed. Even though the check point 1102 has been challenged, it is so close, there is no confirmation that the trend has reversed (see re-post).

 

0666.79--- 03/06/09--- LO

1370.58--- 05/02/11--- HI

 

1101.73 ---0.382

1101.54 ---08/09/11 intraday low

 

When comes to speculation, the time piece is a hard part to grip. Based on the already deployed trajectory, the obvious resistance are 1165-1176 and 1204. The next check date is 08/18. I put a few low points in the chart, these points can be fine tuned.

 

 

 

Posted 06 August 2011 - 04:37 PM

 

The termination of wave B? requires confirmation. One may use 1102 (0.382 1371-667) as a gauge; Index dipped below 1176 on 08/05 intraday gave an early confirmation signal.

Wave count for reference only, it evolves with time.

 

post-8191-13126645115125.jpg

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