Tuesday, October 6, 2009

Asian cues..

As you can see from the chart below, Hang seng has clearly fallen in a 5 wave structure at yesterday's lows. A counter rally targeting a minimum of 21000-21100 is on which will unfold into an "abc" move..meaning with a pull back at some point during this uptrend. Similar moves will be seen in our markets too. So it's going to be a "bottom to top" kind of trading day.
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