TRE, Sino Forest

tre july 26 2011

BigCharts shows better. Wave 3 of the drop, invariable the one with the big gap, is rather easy to identify especially since the gap is pretty well in the middle. This , however, leaves the possibility that the 5-wave sequence is not yet complete as there is at least one, if not two, waves before wave 3 starts. This leaves the possibility that we are presently in a 4th wave. One can never be certain but the up move from the lows very definitely looks like an a-b-c. If you did buy , as advised, and are still holding it, I would sell at about $8.30 if it gets there, otherwise use a stop-loss at , say, $6.45, just under today’s low.