UPDATE 05.04.2013 - nothing much to say, it worked out exactly as I draw it yesterday (the second chart). No reason to change something.... Probably short term bottom on Monday or Tuesday and rebound.
I think one more move lower is in the cards... worst case higher low but near to the previous low.
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EMA50 touched at the hourly chart short at 1562 no stop..... now waiting
It looks like this to me...
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