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Monday, October 19, 2009

DJI - Was the top set on Friday or will it be today?

(Click at the picture to enlarge)

We still can't say with any degree of certainty if we saw a top on Friday or it might be set today or perhaps not at all...
What we can say with 100% certainty is, that any new high after today will cancel the possibility for a top and delay it to around the time window from November 11 to November 18.

As can be seen above we can count a five wave overlapping advance in wave C. On Friday we saw a break below the small support line, but we need a break below 9,807 to really add confidence in top set Friday or today scenario.

A break below Fridays low at 9940.14 would be first indication, but only a break below 9,807 would add confidence.

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