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Old 04-18-2008, 08:51 AM
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At this moment price already made an extension wave iii. I believed market will start making a retracement for wave iv before another bullish continuation to complete wave v as long the retracement critical line stay intact. And for wave v & C (maybe next week), there is 2 scenario which is either wave v is truncated (white) or not (yellow). This can only be determine later. Please watch carefully the major bullish reversal critical line. If this line is taken, then the magenta/yellow count in my previous daily scenario chart (13/04/08 - Pre Market Overview Forecast Malaysia Forex Training Centre) will be invalid which is preferable to the white count. Otherwise we may see a new major downtrend starting later next week. Good luck.
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