LOL well done Calvo...
Doooom Doom I tells ya!!!
orright, my current stuff suggests (on the hourly) the five wave up sequence has finished, with a relatively weak 5th leg to make the most recent high.
Refer to last week's Tuesday thread for the t/a behind my beleifs.
I suspect we will now slip into an ABC type pattern, n I reckon though do not know that this little down blip is the A leg.
I have an interesting point of potential back up around the 4700 level for potential high of B leg (note figures are IGMarkets, so equiv of xjo, add 10 pts for spi levels at the moment)
I have interesting resistance (poss bottom of A leg) between 4624 and 4513 odd
I suspect that the 4645 region MAY be an important Pivot Point at this stage.
Good luck to all shorters :)
;)
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