Friday, June 11, 2010

Rio Tinto



Rio Tinto : look to short at around $72.50. Or wait for confirmation at that point. Prices has trace a 5 wave impulsive wave that probably is WAVE A. Wave B in progress. Looking to trade Wave C at about $72 - $73 levels. At that point prices would have retrace 61.8% of Wave A and also at the top of the parallel resistance line.

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