Friday, November 2, 2012

Dutaland - A higher degree correction


Dutaland dropped about 13% in two days, something that I have not expected. The major wave (I), A-B-C (II) remain the same.



With its failure to form a mini wave v and the 13% drop, It appeared to me that its August's high is wave 1 and not not sub-wave (i) as mentioned in my October 22 post. It is more likely that after completed its wave 1 in August, Dutaland is forming its wave 2 that consists of a 3-wave a and 3-wave b followed by a steep wave c. Hopefully the wave c can remain above the lower trend line.





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