$TNX (11.8.2013)

Wave (4) is thought complete and rally from the low is completing an impulsive structure as expected. 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