The market crawled up a little bit in narrow range, challenging Tuesday's upper shadow (1407 vs 1406). It has been in a narrow range this whole week since last Friday's surge. I expect that it will soar again tomorrow (Friday) because we had Friday surges the past two weeks. Micro scenarios: 1. If yesterday's low completed wave-2 (0.236), a super surge will occur tomorrow and bring the market to 1447; or 2. If yesterday's low was just wave-2._a, we will see a dip tomorrow to complete the whole wave-2 at 1387 (0.382) or 1380 (0.5). Either scenario suggests that buying dips is the strategy.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/08's low = [C].III.2._a
08/08's high = [C].III.2._b
Today's low = [C].III.2._c
We are in the middle of a big wave [C] to 1426, 1447 (or even to 1524 in the strongest scenario).
狗仔卡
发表于 2012-8-9 05:25 PM
