Monday, November 25, 2013


FCPO Outlook;
There are 2 possibilities that came into my mind right now.

1. This is wave 1 of 5 of (5) (Final point in mind is 28xx). Sharp correction i.e zig zag coming to 61.8% + testing RBS point 2601 for the first time before resuming up.

2. This is the final wave i.e wave 5. Correction shall be more severe to down. Current wave shall be wave A. B up to 61.8% and C shall be 5 wave down to previous ending of wave 4.

Lets the market unfold itself.

Without EW, I prefer to use simple SnR break style trading with 1-2 indicator as confirmation. Currently -  all are saying keep on BUY position.

FKLI Outlook;
From EW perspective - FKLI shall continue its down movement to complete final correction wave abc (maybe limited to support line as showing).
From there on, there will be a big bull coming to 2014 (maybe.....who knows exactly isn't it?) - So, I decided to hold on all of my shares in company that I invest for further some more time.
It's all about timing right.......

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