Updated STI EW Chart
The wave 4 label has just shown up yesterday ( finally ! ). However, this does not mean wave 4 target is met as there can be recount as we continue to edge down. PTI is still pretty high ( at 78 ). Normally, PTI should be < 35 in order that the correction is considered done. The odds : If STI hits around 2,340, it will turn bullish ( Parabolic SAR ).
Labels: Market Direction
posted by Market Wizards @ June 23, 2009
Comments: 0
