DJI as expected was not able to clear the 12270-300 strong support turned resistance and headed lower to end the week at 13160+. With that the shortist should be quite happy. If materalize to go lower, this turning point at 13270-300 should be a wave B up. The 29 days from prior high / 21 days from prior low did gave some good indication of a turning point for DJI this time round. In place will be a wave C down. We can further look at the DJI on a 4 hourly chart to get a closer look.
With the 4 hr chart, I am looking for a confirmation break of the uptrend to enter shorts. This should be due soon as you can see from the chart. And of course, if a retest of the trendline again might be good sign to reshort. So, next week will be another exciting week! Isn't feeling that well now..flu cought...yeah..whatever the sickness... I must get well soon!Haha.. But I won't post much today....Need some more rest. ;) Cheers~
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