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.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
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