FCPO TF10.. 12.5.2013
Price moved nicely between 1x2 and 1x1 on last Friday.. As my wave counting, last Friday could be the end of wave 5 and wave 4 for TF10 and Daily respectively.. So, expecting for correction C wave tomorrow.. Most likely to gap down to complete C before rebound and continue downtrend for Wave 5 Daily.. The gap is likely to close tomorrow and target at ~2310 and ~2302.. My plan is to be on short tomorrow.. any upper break of 2334, will change my trading plan to long.
You can see Alligator is in sleeping mode, be alert when it wakes up.
Meanwhile in Stock market, plantation counters are in momentum or price hikes.. GENP, CEPAT, RSAWIT.. Or it is just for short rebounds as what we were having in CPO last week.. and KLCI, i think it already started for correction.. as total market, now many counters are in rotational play before penny takes place.. Maybe sell in May, come back later..?
Just a thoughts..