The Best Strategy using ELLIOT WAVE for Understanding Price Movement, Money Management and Emotional Control in Stock Market designed for "TRADING FOR A LIVING.
Friday, August 20, 2010
KLBF - BREAKOUT CHANNEL GOING UP WAVE 5-V
NICE CHANNEL BREAKOUT WITH FULL GREEN CANDLE. KLBF HAS CHANCE TO MAKE NEW HIGH WAVE 5-V AS LONG AS PRICE DOES NOT CLOSE BELOW STOP LOSS 2275 AGAIN.
TARGETS MIN > 2550. NICE SELL TARGETS AREA 2700-2800.
ALTERNATIVE WAVE: IF PRICE FAILS TO BREAK 2550 LATER, THIS COULD BE JUST A REBOUND WAVE B.