$TNX (11.7.2013)

Wave (4) is thought complete now while above 2.57%  we expect another high to 2.72 – 2.74% to complete wave (( v )) of 1. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like selling the instrument and if pull back after the current cycle ends is corrective, we would like buying dips in 3, 7 or 11 swings

$TNX,60 - AdvCh

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