Monday, May 17, 2010

IHSG WAVE C DOWN - LET'S FEEL THE FEAR

WAVE 5-IV STILL CAN TURN INTO 2 ALTERNATIVES: ZIG-ZAG ABC OR TRIANGLE ABCDE.

1. IN CASE OF "ZIG-ZAG ABC" (shown in above chart): WE HAVE TWO TARGETS DOWN FOR WAVE C @2690 OR 2640.

2. IN CASE OF "TRIANGLE ABCDE": WE HAVE TARGET WAVE C @2768, WAVE D @2830 AND WAVE E @2790.

NOTE: Also don't forget to watch the Uptrendline Support, Wave 5-iv should end there. In case of panic selling, we only allow a false break to that line, so be carefull with any breakdown with big vol & full red candle would signal a real crash.