WHAT DO YOU THINK?

Euro did find some support here, will tension in the stock market be released. Some stocks with higher yield eg. 3988 refused to follow market down.

EURO ANALYSIS

US & European Markets crash today but Euro looks stable giving me a sense of divergence. Euro is entering a cluster of  reversal time & Price target zone.  See how US market react after European Stock market closed !

EVERY CLOUD HAS A SILVER LINING

TIME ANALYSIS OF FUTURES HOURLY CHART

1/- 121x1.786=218 or 117+101

2/- 84+37+117X0.786=187 or 101+84=185 +/-2

3/- 84x3.618=303.9
or 117+101+84=302 +/- 2

4/- 21764 TO 20444=84 HRS
     21244 TO 18448= 84 HRS

Continue buying, FINAL STOP PLACES AT 18300.

OBSERVES 18600/18559/18378/18337 DEPENDING ON HOW MUCH RISK YOU ARE GOING TO TAKE.

CAN I DRAW LIKE THIS?

Market over reacted, sure yes!
We prefer buying at this point.
Reason:
1/- we draw the channel as attached chart, its still above the bottom line today.
2/- It had reached  from top to  50% or 66%  rectracement level (21764-16139/21764-17568)
3/ if ABC correction, C if 1.27 of A
4/- today is the 58th day (93x0.618=57.47 days)

Intraday wave count

Prefered wave count & Ratios

If market open above 19460, short term buy using 19420 as stop.

IDEAL WAVE COUNT FOR AN UPTREND

EURO SHORT-TERM BOTTOMED

Euro forms a descending triangle with a false break of bottom line equal to 1.145(0.618x0.618x0.618x0.618) of D.

STOP IF NOT CLOSE ABOVE 20500

Market gaps down this morning hitting our stops at 20650 and 20500. (stop #1 and stop#2).
We will close all positions if hsif can't close above 20500.

Fibonacci daycount behind ordinary trendlines!

Nikkei and Yen broke their   recent lows this morning appearing that it will bring markets further down. But after intensive studies, we discover that the market will hold at these supporting trendlines. And those trendlines are not only drawn by connecting high(s) or low(s) but all being of  fibonacci time series important.
Interesting figure as belows:-


1/- Red line =203 days
or
406/2=203


2/- green line 411
or
233x1.764=411 days

3/- blue line=154 days
or
406 x 0.382=155 days +/-1

4/- upper channel line =101
or
406/4=101.5

5/- lower channel line=109
or
173 x0.618=107 days +/-2 days

We are happy to find that and eager to share with someone who likes this blog.
Linked or reproduced are welcomed but please respect writer's endeavour  by  giving  credit to this blog.

Enjoy!

2038: BULLISH CRAB PATTERN ?

2038: BULLISH CRAB PATTERN ?
BOTTOMED ?

388 50 PERCENT PRICE AND TIME

#388 50 PERCENT PRICE AND TIME

Wave 1=wave 5

May Futures Chart is more informative than Continous Chart

Maybe you can get a different interpretation  from a May Chart.
Its more bearish in a continuous Chart.

Think Big !

Market did stop near 20127 (19993) level and ended  close to our targeted period :mid of April (11/4). Once markets' sentiments is too bearish, contrarian theory applied.
Market momentum is still building up after all those scaring news eg. Euro or china economy. Complex head & shoulders formed. Pullback to NK is finished heading to 24,000 . Chart may also look like Rising Wedge with first and second Zigzag 4068/4196 respectively. If the amplitude of the  third Zigzag the same, market will easily reach 24000+.
No matter what, market will inevitably up.  We suggest to hold portfolio aiming at 24,000. Time  will be in Mid of July or early August.
Forecast is only based on assumptions and with certain constraints. Put your protective stop by  using Stop #1 & #2 trendlines.
Happy Trading!

BUY WHEN MARKET DIPPED

Hsif rebounded last week closing at its highest level of the week. Clearly one five waves structure is finished with fib.ratio quite matched. 1st wave = 5th wave both 172 pts. and target of wave 5 is 4.236 times of wave 1. See whether fib. rectracement targetS hold. Whats interesting is that 0.382 is just fallen withIN upward channel. 50% level is the area of neckline. 0.618 is the trendline.
Therefore BUY WHEN DIPPED.

TAIWAN RETRACEMENT FINISHED ?

TAIWAN RETRACEMENT FINISHED ?

50% OF PRICE AND 38% OF TIME

Shanghai (SHICOM) Critical Low ?

Shanghai index has reached its critical month 54months or 55 months inclusive. Lets see how this important low be formed.