Thursday, September 16, 2010

ELSA - AFTER 20 WEEKS CORRECTIONS

*ELSA 14 JULY:

WAVE A POSTED @300.

*ELSA 16 SEPT:
WE HAVE MADE SOME SPECULATION BUY ON 300 (ALTHOUGH THE LOW DID REACH 285) & ALSO AVERAGE UP SOME MORE TODAY.

AFTER 20 WEEKS CORRECTIONS, WE BELIEVE IT'S TIME FOR ELSA TO REBOUND AT LEAST WAVE B UP (OR WE ALSO GIVE ALT WAVE 3-iii).

TARGET FOR WAVE B IS VERY FLEXIBLE. ON THE WAY UP, ELSA MAY STOP ON FEW RESISTANCES:
1ST RESIST: 370
2ND RESIST: 420
3RD RESIST: 500
STOP LOSS BELOW 305.