Tuesday, April 9, 2013

Trade Guideline For wedensday

Early morning decline stay above key support level and above the band on Tuesday which eventually lead to a fast short-covering rally breaking above resistance

On Wednesday key level to watch for is 2800.
-- Continuing short-covering rally above 2800.
-- A clear break below 2800 implies wave A down is in progress, and, if it is followed by a choppy pullback up to the band, it should then lead to wave C or 3 decline. Supports are 2785-2790 strong support, then 2772.50