The market failed to maintain its early gain and slid back to close about unchanged as a pin again. It indicates that the market is still in consolidation trading range. Staying in this area too long makes the market more and more vulnerable to bear's attack. The bull's hope is diminishing as time goes by. Last Friday's low (50% fib retracement measured from 07/24/2012) is a critical obervation key.
Wave count (based on the purple line scenario):
06/19's high = [A]
07/24's low = [B]
10/05's high = [C]
10/12's low = A
10/18's high = B
10/26's low = [D].C
11/12's high = [E] @ 1500
Alternative Count:
10/12's low = I
10/18's high = II
10/26's low = III.1
11/02's high = III.2 @ 1433
11/09's low = III.3 @ 1372
狗仔卡
发表于 2012-10-31 02:17 PM
发表于 2012-10-31 05:44 PM
