7.26.2012

A bounce would face area 1350.12-1352.85, if successfully breaks out will target area 1359.30-1363.00

A bounce would face area 1350.12-1352.85, if successfully breaks out will target area 1359.30-1363.00.
A dip will seek a support in the area 1327.70-1329.24 and the next at 1326.20.

Attention!
In a dip case, if 1329.24 couldn't hold, the bounce a-b-c was done with c at 1343.77 and the index should be down further to make wave iii. If 1329.24 holds, the index may bounce up to make a wave ii in a form of a double zigzag pattern.



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