Posts
Straits Times Index 
|
Hang Seng Index 
|
Nikkei 225 Index 
|
| Click here to login to the chat room during market hours. | ||
|
| ||
| Follow @NeatTrade | ||
Showing posts with label patterns. Show all posts
Showing posts with label patterns. Show all posts
Tuesday, March 6, 2012
STI Squiggle 06/03/2012 - Update
I had posted a diamond top formation on STI here. See the outcome yourself today. These are not just some random lines drawn on the chart. They do mean something.
Thursday, January 26, 2012
STI chart update 26/01/2012
I had posted my STI view on 08/01/2012 here. At that time, I received a lot of responses from many in disbelief. Basically, never underestimate the market. It can always surprise.
Today STI achieved the target as per the post.
Previous chart below:
Today STI achieved the target as per the post.
Previous chart below:
Monday, January 9, 2012
STI 08/01/2012
STI trying to breakout of the falling wedge. If breakout is successful with big volume in next few days mid term target is 2905.
S&P 500 08/01/2012
S&P 500 possible mid term direction.
Will update in the future if it follows this pattern. Only price targets, time targets are not included in the chart.
PS: Just my personal view which could be wrong too. Not an inducement to buy or sell.
Will update in the future if it follows this pattern. Only price targets, time targets are not included in the chart.
PS: Just my personal view which could be wrong too. Not an inducement to buy or sell.
Monday, December 5, 2011
S&P 500 Futures 05/12/2011
S&P 500 futures has hit the target price since the last posts. Now it is showing a bearish divergence which is bearish in the short term.
Previous chart is here.
Previous chart is here.
Wednesday, November 30, 2011
Monday, November 28, 2011
Friday, November 25, 2011
S&P 500 Futures 25/11/2011
S&P Hourly has bullish divergence. In the Short term, it is trading in a falling wedge which is a bullish pattern. A breakout off the falling wedge will be bullish short term.
Sunday, November 20, 2011
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.
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.
Tuesday, October 25, 2011
Sunday, October 16, 2011
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.
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.
Thursday, October 6, 2011
S&P 500 06/10/2011
S&P 500 futures updated chart. Previous chart is here.
Currently it is trading in an ending diagonal after breaking out of the bull flag.
Currently it is trading in an ending diagonal after breaking out of the bull flag.
Wednesday, October 5, 2011
Sunday, October 2, 2011
Kepcorp 02/10/2011
I think Kepcorp might be headed for the repetition target of 6.54. Support at 7.46.
Friday, September 30, 2011
CItydev 30/09/2011
Citydev.
I had posted the chart here on 16/09/2011.
Today it hit the lower trend line and bounced. It will be interesting to see whether the support trend line holds and whether it breaks out of the falling wedge.
I had posted the chart here on 16/09/2011.
Today it hit the lower trend line and bounced. It will be interesting to see whether the support trend line holds and whether it breaks out of the falling wedge.
Wednesday, September 28, 2011
Tuesday, September 27, 2011
Subscribe to:
Posts (Atom)
