Alternate view.. Many charts 07/09/2011

As per Elliott wave count, STI is in wave 2 if major wave 3 down.  However, here is an alternate view.

Many index stocks and STI is showing an inverted Head & Shoulders pattern.  There is no breakout yet.  There has to be a high volume breakout above the neck line to confirm this view.

Gold double top also supports this view. But nothing is firmed until we see high volume breakouts.

Bullseye.

Noble 10/03/2011

Noble has a falling broadening pattern. Watch out for a breakout of the downtrend line.

Noble 30/07/2010

Noble breakdown.

Noble Group 15/11/2009

Noble broke out of the inverted H&S today. Estimated TP could be 3.28. We might see a throwback towards the neckline soon.

Noble Group 27/07/2009

Noble broke out of the broadening formation on friday.