monday afternoon, page-2

Hiya NEWs, you are right, it is hard to read at the moment...

I can see the possibility of a bounce back to the 4050 level, but looking at the intraday charts (5 min and one min) the arvo drop from 4050 down to the low 30's is greater in length than the drop from 4060 this morning, suggesting to me that we are more likely to be in a 5 way structure down, than a 3wave on these lower time spans.

Based Purely on that I have an expectation that the low intraday around 4030 will be breached at some stage as we complete another (5th) leg down roughly equivalent in length to the down from 4060 to 4045 at the start of the day.

;)