This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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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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