Tuesday, October 03, 2006

 

statschippac update...


Statschippac has been in wave 4 for couples of weeks and it is trending sideway between 0.96 to 1.04. But unfortunately, wave 4 support of 0.96 is broken today. As wave 4 support is broken, we are no longer in wave 4. Statschippac could be in wave 2 now and is heading towards .618 correction at 0.92... Wave 4 to wave 5 trade is dangerous as when wave 4 support is broken, W4 will become W2, and W2 correct more than W4. We have to monitor closely when trading W4 and get ready to cut loss when W4 support is broken...

# posted by chua @ 5:33 PM
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