22 May 2006
STI
Hourly charts indicates the possibility of a B-wave technical rebound occurring this week that could retrace 38.2% to 50% of the index''s fall from 2666, which should lift it back to the 2550 to 2572 range.
Hourly charts indicates the possibility of a B-wave technical rebound occurring this week that could retrace 38.2% to 50% of the index''s fall from 2666, which should lift it back to the 2550 to 2572 range.
Labels: Elliot Wave Analysis
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It is interesting to see thehourly chart. So far I have not yet the luxury for this.
While I see your point on the chart, I can't help but to notice that the 5th wave is a little short. If base on Fibonacci's number, I feel that 2,399 would seem to be a more probable level that the 5th wave would end.
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While I see your point on the chart, I can't help but to notice that the 5th wave is a little short. If base on Fibonacci's number, I feel that 2,399 would seem to be a more probable level that the 5th wave would end.
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