Genting coming down already?

Okay, I am making this short because I am on drug....medication. Caught a bad cough from my son lately. Now the whole family coughing and we have just paid a visit to the doctor last night as a family outing.


Fig 1 Genting Daily Chart

I have change from using the Fibonacci projection to retracement because it is more appropriete. Genting is now on 38.2% retracement line from its C wave and the indicators are already turning. Stochastic are even showing divergence, so anyone in Genting need to thread carefully.

However, I have a feeling that this is only a correction. If the move from September 2009 till January 2010 constitue to a top formation, then this retracement should touch the neck line at 1.04. Moreover, the move during the last few days looks more like a B of the whole structure, so eventually there should still be a c coming. At present the nearest support level is 0.912.