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Old 07-04-2008, 01:16 PM
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Until this moment, price just been rejected from the major upper green trendline. Please noted that I made some adjusment to the alt count in yellow and magenta. I believed subwave e (cyan) and ii (magenta) is already completed and looking forward for a further downside movement later next week for a bearish continuation to complete subwave iii (magenta or yellow). Favourably, a breakout to the lower major red trendline would bolster this scenario. Meanwhile, a further breakout to the upperside until the bullish continuation line 1 would put the bearish continuation scenario in major doubt. Good luck.
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