Friday, November 26, 2010

BBCA - WAVE 4

MANY SELL SIGNALS WHEN BBCA IS STILL AT 7000. TWO SELL SIGNALS ON UPPER CHANNEL AND FINAL WARNING SELL WHEN MACD -DIVERGENCE ON 9 NOV.

ELLIOT WAVE COMPLETED FULL 5 WAVE. BBCA IS EITHER IN BIG WAVE 4 (BLUE COLOUR) OR ALTERNATIVE WAVE 3-v-4 (RED COLOUR) CORRECTIVE WAVE. BOTH ARE WAVE 4 USUALLY VERY COMPLEX.

IT'S BETTER TO STAY AWAY, DON'T CHASE MINOR REBOUND WAVE B, THE RISK IS GREATER THAN REWARD.

FOR ALT WAVE 3-v-4 MUST REBOUND AT GREEN SUPPORT CHANNEL AROUND 6000.
BIG WAVE 4 WILL CONFIRM IF PRICE BREAKDOWN GREEN CHANNEL, TARGET MAY VARY AT 5750 OR WORST 5300.