Thursday, May 26, 2011

RedHat

A bearish interpretation for RedHat.
Currently Prices is in. Wave C down.
In that wave C wave 4 is in progress which correspond to the low Stochs
And again don't confuse Stochs amplitude with price magnitude
A corrective wave.
Once Wave 4 is finished...another good entry to short
For target of $40 for gap to fill

No comments:

Post a Comment