The target-area for wave 2 that I laid out last week, has now been tested. It could still move a little higher closer to 4,861 - 4,893 area before topping out.
A break below 4,765 would be the first serious indicator, that the top is in place.
Monday, March 8, 2010
Australia Ordinaries - Wave 2 of wave [C] has hit its target-area
The target-area for wave 2 that I laid out last week, has now been tested. It could still move a little higher closer to 4,861 - 4,893 area before topping out.
A break below 4,765 would be the first serious indicator, that the top is in place.
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