STI Update 20/11/2011

Elliot wave update on STI.

Primary count: The corrective ABC wave is over and a new impulsive down wave may have begun. Currently in wave 3. There also has been a triangle breakdown albeit on low volume. 2760 is a crucial level. If STI retests above this price again before completing this impulse, it violates this count and alternate count gets in effect (see below).

Alternate count: As per this count, STI is still in its ABC corrective pattern with A ended at 2905 currently B is in progress after completion of which C wave up begins.

Just my personal view. Comments, corrections or questions welcome.

STI weekly update 16/10/2011

STI Weekly:

We saw the repetition target (second red box) of 2621 hit recently. The size of the second box is the same as the size of the first box.

It is quite certain that we are in long term bear market. If it is true then the long term target is the bottom of the third box which is around about 2120.

STI Daily:

Last few days we saw a big rally from the bottom. This rally is a corrective rally which could unfold in 3 waves (A, B, C). We are near the top of wave A. Once wave B begins, it might retrace more than 50% of the rally followed by a wave C rally.

The biggest rally on the way down from the top of 3227 was from 2680 to 2910 about 230 points. Adding 230 to recent low of 2521, we get 2751. Which coincidently is near the recent top. This is depicted by the two green boxes. This tells me we are near a short term top and we should pull back atleast around 50% of the rally.

We also see a falling broadening formation on the daily chart breakout. After testing the breakout price again we should resume the rally to test the high of the falling broadening formation.

STI Hourly:

We are currently near the resistance trend line. We might see some pullback followed by a rally to hit the upper trend line.

STI Hourly:
Short term EW depicted on the chart.

Cosco 20/09/2011

Cosco.

S&P 500 08/09/2011

S&P 500 Futures

S&P 500 06/09/2011

S&P 500 futures broke out of the down channel.

S&P 500 05/09/2011

S&P 500 began trading wave 5 down. Impulsive Wave 1 of 5 could be complete.

STI weekly update 29/08/2011

STI hourly and daily view. We might still have some upside towards 2820 before it runs out of steam. Elliott waves wise we might be trading in wave ii of 3 zig zag.

Yanlord 22/10/2010

Yanlord

Previous chart is here.
As expected Yanlord sold down. Today low was 1.70 which is a support level.

SSE - 15/10/2010 - update

SSE

All the previous charts are here.

SSE broke out of the base formation and exceeded target breaking strong resistance as posted in the previous charts.

Strong channel resistance is approaching. This trend line resistance has been tested multiple times over the last 2 years. The price might do a partial decline as shown in the chart before the next breakout.

However, if SSE continues to go up and breaks the resistance and closes above it, we might see further upside.

Yanlord 14/10/2010

Yanlord.

A Doji at resistance. Head and Shoulders throwback seems to be complete. A break below 1.78 is bearish.

PEC 09/10/2010

PEC. Strong uptrend. But it had a doji on daily chart on friday. A break below 1.17 might trigger some profit booking. Still a buy on dips. Support at 1.1

DMX 09/10/2010

DMX has been selling down since the big breakout. Support at 40.5/41c. I think we might see a bounce from there.

OUE 06/10/2010

OUE. Watch out for a breakout with high volume.

DMX 06/10/2010

DMX.

Support at 42.5c. Next support 40c. Need to breakout of the blue channel.

Genting HK 06/09/2010

Genting HK. At support. Next support around 43.5.

Genting SP 06/09/2010

Genting SP...

Approaching support again.

Genting SP & Genting HK 01/10/2010

Genting SP. Channel Breakout off support today. It might create a flag before pushing off again. A close above 196 will be bullish.



Genting HK. Unlike Genting SP, this one has not broken out. And it is resisted at 455. A close at 46 or above will be bullish.

Genting SP 29/09/2010

Genting SP.

Tripple support at 1.82/1.83.

Z-obee 25/09/2010

Z-obee at support. Looks ripe for a breakout off the red channel.

Kruez 25/09/2010

Kreuz. Still in uptrend channel. Now testing channel support.