DON'T BE OVER-PESSIMISTIC !

2012年4月5日星期四

DON'T BE OVER-PESSIMISTIC !

Reasons:-
1/- Retracement level is still within our predicted/acceptable price zone which is still above 20172 indicating it would still be wave 4 (fell to the area of minor wave4 of previous wave 3 or 0.382 level.)

2/- 3-3-5 retracements could be finished unless price broke rectangular pattern resulting in deeper corrections.

3/- low:17568 from 25-11-2011  to top: 21764 of 20-2-2012 is just 55 days.
0.618 of 55 day is 34 days. And today is the 33th day.

4/- Retracement peroids of 25-11-2011 to 9-1-2012 and 20-2-2012 to 30-3-2012 tends to be  identical: 29 days unless 20360 is being broken.

5/- recover half of our short position now and settle all positions and think of  possible upside strategies  if price closed above 20550.

6/- there is no exact correlations between US/Europe/Asian markets. A crumble  in the US is not necessarily mean a fall in other markets. It varies from time to time. (please refer to" who is the boss" of this  blog.
轉載