Monday, May 10, 2010

INDY - POSSIBLE END OF WAVE 4

AFTER REACHING OUR WAVE 3 TARGET, INDY HAS BEEN IN CORRECTION WAVE 4 ABC DOWN PULLBACK TO THE BREAKOUT POINT @2600. WE MAKE A SPECULATION BUY TODAY @2700 WITH SHORTERM TARGET AROUND 3000 & LONGTERM TARGETS 3350 & ALL TIME HIGH 3600.

2 CONDITIONS NEEDED FOR INDY TO GO UP TO WAVE 5:
1. SUPPORT 2600 CANNOT BE BROKEN DOWN (WAVE WILL BE RECOUNT IF THIS HAPPEN).
2. NEED TO BREAKOUT THE NEW SHORTERM DOWNTRENDLINE WITH FULL GREEN CANDLE.