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Tuesday, May 29, 2012

ASX : where to now ?

Watching ASX : Australian Stk Exchange

Looking for a 5th wave down to short.
Currently wave 4 in action.

Daily Stochs heading towards o/b
Weekly Stochs turning up from o/s

Like they say, there is a reason why a stock stays in o/s
Becasue everyone wants to stay out...

Looking to short at $31 for a 10% profit ride to $28/7

Time frame....
2 weeks for wave 4 to complete
2-3wks for wave 5 to complete

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