Tuesday, March 22, 2011

Small Correction on the XAO

An updated view of the XAO. As described in the last post a small correction appeared imminent and is now underway and may have further downside as described below.

The MACD price oscillator is very useful of establishing the approximate end of wave 3. On the 15min chart, evidence of x2 divergences at the end of wave 3's highlights one more push is required for the wave 5 to complete.

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