Hi Folks I haven't posted for a while.The next couple of weeks...

Hi Folks

I haven't posted for a while.

The next couple of weeks are going the prove privitable in the near future.

On the weekly charts, we don't want for the weekly Hi-lo candles to fall entirely below the 10WMA . Not good especially if it happens for a second week as well. The 10WMA is currently at 0.53 and rising which is still a bullish sign.

On the positive side if we start rebounding soon then

The A wave from 0.305 to 0.68 is followed by a B wave from 0.68 to 0.485 which is a retracement of 50%

Whoever If we could continue to turn up into the C wave extentions.

Then the C Wave extentions are Ext23.6 = 76.5 and Ext38.2 = 0.82

Lets see how it plays out.

Just the way I deal with the markets, DYOR.

good luck folks.

cheers Lies