1/- Retracement level is still within our predicted/acceptable price zone which is still above 20172 indicating it would still be wave 4 (fell to the area of minor wave4 of previous wave 3 or 0.382 level.)
2/- 3-3-5 retracements could be finished unless price broke rectangular pattern resulting in deeper corrections.
3/- low:17568 from 25-11-2011 to top: 21764 of 20-2-2012 is just 55 days.
0.618 of 55 day is 34 days. And today is the 33th day.
4/- Retracement peroids of 25-11-2011 to 9-1-2012 and 20-2-2012 to 30-3-2012 tends to be identical: 29 days unless 20360 is being broken.
5/- recover half of our short position now and settle all positions and think of possible upside strategies if price closed above 20550.
6/- there is no exact correlations between US/Europe/Asian markets. A crumble in the US is not necessarily mean a fall in other markets. It varies from time to time. (please refer to" who is the boss" of this blog.
Happy Trading.
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