Wednesday, August 3, 2011

XAO Bullish and bearish views

Whichever way the XAO decides to move for the medium term trend, we should know fairly soon....

Both scenarios are of equal consideration at this stage and both are not perfect either. However, further aggressive downside moves should elimate the bullish view quite quickly until the larger pattern provides clarity.

The bearish view is significant as it implies a major turning point on the XAO. aka wave C circle down

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