tag:blogger.com,1999:blog-71169419948714700092024-03-05T11:19:49.292-08:00trendlinesThe power of collective human behaviour, as seen on charts.Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comBlogger235125tag:blogger.com,1999:blog-7116941994871470009.post-29207423319577450702011-06-29T10:17:00.000-07:002011-06-29T10:17:51.293-07:00S&P500 powers into 1300 range<div dir="ltr" style="text-align: left;" trbidi="on">The S&P500 index found support at the <strong>200-day moving average</strong>, as suggested in my <a href="http://trendlines618.blogspot.com/2011/06/s-reaching-200-day-moving-average.html">last post</a>, and has powered above the sticky<strong> 1297</strong> level. This a <em>short-term bullish</em> development, and may carry enough momentum to target <strong>1335</strong>, possibly with a pit-stop around <strong>1315-1320</strong> range. <em>Very short-term,</em> indicators are overbought, and may result in a <em>back-test of 1297</em>, or <em>sideways action</em>.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfEvjEpC1-pXhcIdw-G3CF3LWWqdC5iB_zjmMfye_SeyoOFMt-9Ln9_eCpuNHD2YzaBUbmgPreogVtaK9IYsPNCa8RFRGHfHh7b4FdKKT7J1Uho1OmaauryRDht5iAR7gjhgDp_TzsVh8/s1600/spx-29jun11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212px" i$="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfEvjEpC1-pXhcIdw-G3CF3LWWqdC5iB_zjmMfye_SeyoOFMt-9Ln9_eCpuNHD2YzaBUbmgPreogVtaK9IYsPNCa8RFRGHfHh7b4FdKKT7J1Uho1OmaauryRDht5iAR7gjhgDp_TzsVh8/s320/spx-29jun11.png" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-74392667415750536652011-06-22T00:22:00.000-07:002011-06-22T00:22:16.504-07:00Shanghai Composite Short-Term: Positive Divergence<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Just a quick note to highlight the <strong>positive divergence</strong> in the Shanghai Composite, as well as the Shenzhen Index. In recent past, such divergences have resulted in a significant rebound. The upside target at the moment is capped at <strong>2750</strong> for the <a href="http://trendlines618.blogspot.com/search/label/SSEC">SSEC</a>, and <strong>1135</strong> for the <a href="http://trendlines618.blogspot.com/search/label/SZSE">SZSE</a>. However, as noted in the previous post, if the medium-term <strong>triangle pattern</strong> was indeed broken last week, i would be careful with any longer duration trades at this stage.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis2jR2Wn3ABkWe58rXGjb88yhz5BgNOsDMOZJA_dNgjHpd8UiB8WFZtAAB474Ps8kxls1NIJ_MH48CnM7zQTbRqPEasXeKvFMmlZwT9nM6QmNzQg8H20ZUP-1nNYTX-dFxfWzckGlbu5s/s1600/ssec-22jun11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="288px" i$="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis2jR2Wn3ABkWe58rXGjb88yhz5BgNOsDMOZJA_dNgjHpd8UiB8WFZtAAB474Ps8kxls1NIJ_MH48CnM7zQTbRqPEasXeKvFMmlZwT9nM6QmNzQg8H20ZUP-1nNYTX-dFxfWzckGlbu5s/s320/ssec-22jun11.jpg" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-72366334027490204982011-06-19T08:56:00.000-07:002011-06-19T08:56:07.457-07:00Shanghai Breakdown, Hang Seng Update<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;"><strong>Shanghai Composite</strong> broke down through the bottom line of the big triangle. Although oversold short-term, this is a <strong>medium to long-term bearish</strong> development. Immediate support is around <strong>2580</strong>. We will have to monitor if the break holds over the next week or so, and derive reasonable targets for the downtrend if it develops.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7SjRgS8_gsU65hSmDBWI35YjDrQqLA8fLoGT2MmjdjSuYtIe_5W85G6Oqv0DOjsqVmGo54BxfgdjKoGYonxxKrna2TcGVtU_tF49JKD-z4bWCgjSS5dIJVRHyAV3w3lQVh1dnmnDspR4/s1600/2011Jun17-Shanghai+Stock+Exchange-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" i$="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7SjRgS8_gsU65hSmDBWI35YjDrQqLA8fLoGT2MmjdjSuYtIe_5W85G6Oqv0DOjsqVmGo54BxfgdjKoGYonxxKrna2TcGVtU_tF49JKD-z4bWCgjSS5dIJVRHyAV3w3lQVh1dnmnDspR4/s320/2011Jun17-Shanghai+Stock+Exchange-800x600.png" width="320px" /></a></div><br />
Similarly, Hang Seng has broken below the <strong>22400</strong> level outlined in the earlier post and deteriorated rapidly. Currently oversold with a weak RSI divergence and sitting on the bottom of the channel. Looking for a rebound to test the 22400 level in the short-term<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-I788loMgw8ihm8B1P6Z44yARPTpQ5lBLQii6sdTjFTBK87jgMDuqP7xzAMNs44U1dLG95hULB9jBtfu50S6i1BTGstDDxdkwSholqrVCjXezyQ_WWa43TYADWo0Y2m6BBVb79FkOGB8/s1600/2011Jun17-Hang+Seng-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" i$="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-I788loMgw8ihm8B1P6Z44yARPTpQ5lBLQii6sdTjFTBK87jgMDuqP7xzAMNs44U1dLG95hULB9jBtfu50S6i1BTGstDDxdkwSholqrVCjXezyQ_WWa43TYADWo0Y2m6BBVb79FkOGB8/s320/2011Jun17-Hang+Seng-800x600.png" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-40225429975626499062011-06-16T00:49:00.000-07:002011-06-16T00:51:01.536-07:00S&P500: Reaching 200-day Moving Average<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">The S&P500 is reaching the <strong>200-day Moving Average</strong>(green) around <strong>1250</strong>. Coupled with the previous low(labelled <strong>a</strong>), it is a likely region for a bounce. In case of a failure, good support is the previous high of <strong>1220</strong>. Note the suggested <em>corrective </em>wave count, implying possibility of further upside in the medium-term. For now though, any upside should be limited to <strong>1300 range</strong>.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilN0mqKn-fUhuAV2huZt_pSiHIvXGg8VCi562oNoPBYwaWJjldbZsm4LOO4nf2hxZzXnP0KRDZL52BZZ5OghffILVbUP46h3T2-FdsO9kWxTeUUtsZf8bewC5WGxtx7gCKhQLyfjjZjMg/s1600/spx-15jun11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212px" i$="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilN0mqKn-fUhuAV2huZt_pSiHIvXGg8VCi562oNoPBYwaWJjldbZsm4LOO4nf2hxZzXnP0KRDZL52BZZ5OghffILVbUP46h3T2-FdsO9kWxTeUUtsZf8bewC5WGxtx7gCKhQLyfjjZjMg/s320/spx-15jun11.png" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-25663269262175741332011-06-15T08:37:00.000-07:002011-06-15T08:39:23.938-07:00Singapore Exchange & The Straits Times Index<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><strong>SGX - Set for a bounce?</strong><br />
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Previous posts on the Singapore Exchange (<a href="http://trendlines618.blogspot.com/search/label/SGX">SGX</a>), speculated on my <strong>bearishness on the merger</strong> as well as the stock price.Since my last post noting a break in the uptrendline for SGX, prices have declined, attempted a back-test, and declined again. A technical bounce is likely for the SGX here, around <strong>$7.20</strong>. Supporting this view are the <strong>declining volumes</strong> and the <strong>RSI divergence</strong>. A sustained break below this level on increasing volumes will negate this play. Upside is limited to the <strong>$7.70</strong> pivot initially, or the downtrendline(blue) whichever comes first.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLQsjFMy0Mu_wZUFTt0c_enxprK0z5BJmhzgSxNfEWHXGAzEZxO0eKTjBoqY0lZsa0CJWvYt9d3kx9A3pvLRDMbUColGJpJIb2A3M-g0FzFaxXuJgumK8XBYVSy5sBGNKAdF2RB5l0eoo/s1600/2011Jun15-SGX-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLQsjFMy0Mu_wZUFTt0c_enxprK0z5BJmhzgSxNfEWHXGAzEZxO0eKTjBoqY0lZsa0CJWvYt9d3kx9A3pvLRDMbUColGJpJIb2A3M-g0FzFaxXuJgumK8XBYVSy5sBGNKAdF2RB5l0eoo/s320/2011Jun15-SGX-800x600.png" t8="true" width="320px" /></a></div><br />
<strong>STI - At support, but no reversal signals yet</strong><br />
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On the other hand, the Straits Times Index (<a href="http://trendlines618.blogspot.com/search/label/STI">STI</a>) has not thrown up any reversal signal yet. But price is at a decent support level here at <strong>3040</strong>. With weak global cues going in the summer holidays, it remains to be seen if STI can muster enough buyers to move up towards <strong>3120. </strong>Further support is as shown on chart.</div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSivbAywO9bmd2erGQfyyLTfTIvJDfrkM4yA1uGJ43C4Zh9TQXL4p_d-MtmPfvZ_1bOUQYc0NzlFnLQIzpWByrT0qYwa64-tboXNAF0MxrhTJVqZ-H_GbixIT5gxPznUe1bEXr0bEFSLc/s1600/2011Jun15-Straits+Times-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSivbAywO9bmd2erGQfyyLTfTIvJDfrkM4yA1uGJ43C4Zh9TQXL4p_d-MtmPfvZ_1bOUQYc0NzlFnLQIzpWByrT0qYwa64-tboXNAF0MxrhTJVqZ-H_GbixIT5gxPznUe1bEXr0bEFSLc/s320/2011Jun15-Straits+Times-800x600.png" t8="true" width="320px" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">All the best!</div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-6097158815792087332011-06-08T01:18:00.000-07:002011-06-08T01:21:31.925-07:00Hang Seng Index: Reaching Friendlier Grounds (22,400)<div dir="ltr" style="text-align: left;" trbidi="on">The Hang Seng Blitzkrieg upwards from two weeks ago, met with stiff resistance at the Russian front. Confined to its range, the HSI got beaten back to friendlier territories around <strong>22,400 </strong>- a formerly reliable support level<strong>. </strong>Can it <em>reload and resume</em> it's campaign upwards, or will we see a Normandy-style <em>rout and capitulation</em>? This level is key. With <a href="http://trendlines618.blogspot.com/search/label/SSEC">Shanghai</a> starting an oversold bounce, will the HSI follow? Watch the panzer divisions (big hands) for clues.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpPF8Hahr2K5eDCWg1Qxl7QMv73UWe4CP-VrLWRDoO1XPhXANWfDTd8timuziic8SjUCBMh85LX4fDp12zwwj8GMB7jPmQHnMBk7VA_E6M412WD-kvHDQyoxPsv2eW11Dg96CmEruLurI/s1600/2011Jun07-Hang+Seng-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpPF8Hahr2K5eDCWg1Qxl7QMv73UWe4CP-VrLWRDoO1XPhXANWfDTd8timuziic8SjUCBMh85LX4fDp12zwwj8GMB7jPmQHnMBk7VA_E6M412WD-kvHDQyoxPsv2eW11Dg96CmEruLurI/s320/2011Jun07-Hang+Seng-800x600.png" t8="true" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-54635422258444484332011-06-02T09:39:00.000-07:002011-06-02T09:39:24.612-07:00(Video) Fight of the Century: Keynes vs Hayek<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: center;"><strong>Part 1</strong></div><div style="text-align: center;"><br />
</div><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="349" src="http://www.youtube.com/embed/d0nERTFo-Sk" width="400"></iframe></div><div style="text-align: center;"><br />
</div><div style="text-align: center;"><strong>Part 2</strong></div><div style="text-align: center;"><br />
</div><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="349" src="http://www.youtube.com/embed/GTQnarzmTOc" width="400"></iframe></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-45483743011090024162011-05-30T06:36:00.000-07:002011-06-08T01:19:29.932-07:00Shanghai Composite: On Life Support<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDh0MwWEx_3QJCP0anliVYYlxfSb2cL-_E0oTZOTSRr_QpNR-KEWJ7oT16LuPVAhrzxr7_MMNGHT-1wU8Kff2oH70hYSmkORNU9Ca2BVazGfCISc_aVWSjrKTVObYHJifvkzLxGr4ituQ/s1600/defibrillator.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDh0MwWEx_3QJCP0anliVYYlxfSb2cL-_E0oTZOTSRr_QpNR-KEWJ7oT16LuPVAhrzxr7_MMNGHT-1wU8Kff2oH70hYSmkORNU9Ca2BVazGfCISc_aVWSjrKTVObYHJifvkzLxGr4ituQ/s320/defibrillator.jpg" t8="true" width="320px" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><em>"Charging Defibrillator - Stand Clear. One, two, three... Clear!"</em> <strong>Shanghai Composite</strong> has gone critical in the past few weeks, approaching the bottom trendline of the very large triangle illustrated in older posts. This <strong>uptrendline </strong>coupled with the <strong>2650-2700 zone</strong> might very well be the Life Support it needs. Looking for a rebound here back into the safe zone upto around <strong>2830</strong>, and possibly the upper trendline later. An eventual<em> break</em> either way out of this triangle, will be the difference between a rehabilitation or a coma. Like a good doctor, continue to monitor the vital signs - price action, volume, oscillators and trendlines.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKVkazvjaSUQPgznEsAYmF1KnzN5wLBkasr1iWsk9QxP-_P_q_lRAkcJo-o1WwgfjkktZpYvWgnDD_NTrjw7YnxfZVUVZA5KsmATTda7fPt7ktTazGq7f4P0qOWlJSyYOnLD6-tOarVKQ/s1600/2011May27-Shanghai+Stock+Exchange-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKVkazvjaSUQPgznEsAYmF1KnzN5wLBkasr1iWsk9QxP-_P_q_lRAkcJo-o1WwgfjkktZpYvWgnDD_NTrjw7YnxfZVUVZA5KsmATTda7fPt7ktTazGq7f4P0qOWlJSyYOnLD6-tOarVKQ/s320/2011May27-Shanghai+Stock+Exchange-800x600.png" t8="true" width="320px" /></a></div><div align="left"></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-5923185000840080522011-05-26T01:36:00.000-07:002011-05-26T01:36:47.686-07:00SENSEX: Reaching Support Zone<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Bombay SENSEX is reaching oversold levels on the daily, while approaching the support zone between <strong>17400-17800</strong>. Expect to see some kind of rebound here in the short-term. It is too early to call an end to the correction here. Further updates will be posted as the chart develops.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiztDE_nsubASupvXM2qSxpfJbQ-8oelTwj-8MWi1ho-2Wo69HnOjMHFtQ09lI2S37Cuqqe-Xs1VeMO-P0m3vUwm251A872kAaNyE-rF1y0qjyreeKB71Yc92cr-c5GJ3nXUBi_60K4FK0/s1600/2011May25-BSE+SENSEX+30-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiztDE_nsubASupvXM2qSxpfJbQ-8oelTwj-8MWi1ho-2Wo69HnOjMHFtQ09lI2S37Cuqqe-Xs1VeMO-P0m3vUwm251A872kAaNyE-rF1y0qjyreeKB71Yc92cr-c5GJ3nXUBi_60K4FK0/s320/2011May25-BSE+SENSEX+30-800x600.png" t8="true" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-39999841950889587602011-05-26T01:26:00.000-07:002011-05-26T01:26:47.516-07:00Hang Seng Index: Trendline Watch<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">HSI has stayed in range since the<a href="http://trendlines618.blogspot.com/2011/04/hang-seng-index-consolidation-before.html"> last post</a>, in which a possible breakout was suggested. Respecting <strong>24500</strong> to the upside, while drawing support from <strong>22400</strong>. Hence a nice trade will be in play once it breaks either side of this range. In the very short-term, HSI is <em>oversold</em> on the daily with a slight divergence, suggesting a rebound rally of sorts(which has already begun.) Also of interest is the lack of volumes on the recent decline.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfcncYtQmKpRCGYvVcBz69d32jm-N6BElRHpLOtohltpRiFga_-ZWTwXJgZ8_6Che_NEboHdwE3HtVkISmK6CpUolnfDUGHUhgxMFQ5hiGEXo_drTmCBAx1ks5htonxj691ctlHEYASME/s1600/2011May25-Hang+Seng-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfcncYtQmKpRCGYvVcBz69d32jm-N6BElRHpLOtohltpRiFga_-ZWTwXJgZ8_6Che_NEboHdwE3HtVkISmK6CpUolnfDUGHUhgxMFQ5hiGEXo_drTmCBAx1ks5htonxj691ctlHEYASME/s320/2011May25-Hang+Seng-800x600.png" t8="true" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-14905221367860631122011-05-26T01:02:00.000-07:002011-05-26T01:02:56.739-07:00S&P500 Failed IHS & Downtrend Channel<div dir="ltr" style="text-align: left;" trbidi="on">Not long after the <a href="http://trendlines618.blogspot.com/2011/05/s-ihs-update.html">last post</a>, SPX broke below the proposed 'neckline', and hence invalidated the Inverse Head & Shoulders.This is a bearish development. The only consolation for the bulls is that the downtrend remains in a <em>Corrective channel</em>, and has not yet developed <em>Impulsive </em>characteristics. In the last few sessions, a positive divergence developed on the hourly, resulting in a relief rally. <div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf7_SBTqRw4eGNEPzYnEWrJeuPAeL4zFhRD2K2IqNIN0ta6BmhOcc6z32Ys-Aa2A2jRZk2Ze6C5Bxpp72bGUQTyDuYZlAxSgMfo9SWofsOrJTiRNUH5ivKoBwiMFcUVWIYNGUX6LbFS6Q/s1600/spx-25may11-hourly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf7_SBTqRw4eGNEPzYnEWrJeuPAeL4zFhRD2K2IqNIN0ta6BmhOcc6z32Ys-Aa2A2jRZk2Ze6C5Bxpp72bGUQTyDuYZlAxSgMfo9SWofsOrJTiRNUH5ivKoBwiMFcUVWIYNGUX6LbFS6Q/s320/spx-25may11-hourly.png" t8="true" width="320px" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">The good news for the bears is in the chart below. The recent declines also broke the uptrendline of the rising channel (blue). </div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEJN1ovksTSrg_rdFrAAvgn_mBQpa2eUZbYr6Mw5GoP7c5N-5tCGNHVcJEoIZtso_IQh0Et7_HHgS58BaV4ZV5nbpMmugmITBg3Rhht0OuzkoX8WvAiYRzdxrIg_APacwmNcxCSE0hKX0/s1600/spx-25may11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEJN1ovksTSrg_rdFrAAvgn_mBQpa2eUZbYr6Mw5GoP7c5N-5tCGNHVcJEoIZtso_IQh0Et7_HHgS58BaV4ZV5nbpMmugmITBg3Rhht0OuzkoX8WvAiYRzdxrIg_APacwmNcxCSE0hKX0/s320/spx-25may11.png" t8="true" width="320px" /></a></div><br />
Can you count 5 waves up from Jul-10? As outlined in an earlier post on the <a href="http://trendlines618.blogspot.com/2011/03/dj-world-index-through-elliott-eye.html">DJ World Index</a>, are we staring at an end of this uptrend? For a downtrend to take root, selling activity needs to pick up pace right here with better volumes.<br />
<br />
For the moment, short-term upside is capped around 1330. A continuation of the uptrend requires a break above the downtrend channel.</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-29059153017166418892011-05-13T21:48:00.000-07:002011-05-13T22:35:43.802-07:00S&P500 IHS Update<div dir="ltr" style="text-align: left;" trbidi="on">The <a href="http://trendlines618.blogspot.com/2011/04/s-inverse-head-shoulders-target-1430.html">previous post</a> on the S&P500 identified an Inverse Head & Shoulders pattern with a target around <strong>1430</strong>. Also suggested was the dangerously overbought condition short-term, and the possibility of a <em>back-test</em>. Since then, price has whip-sawed in a corrective downward pattern, and is poised crucially. Here's the updated hourly chart. <br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw8_Uk7ks2YOvSKxgy1RJMk-ZhqenkKEUySyu_61IMj5DDScQaKFlF-5GeKGd9cJc5hkUbNWVyhdZ1rH9bolTLjO5yqIqd5U9mbWEcQdViJ3RUSh4eh7en_dUCS619x2RPm3j2gjZp4NE/s1600/spx-13may11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211px" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw8_Uk7ks2YOvSKxgy1RJMk-ZhqenkKEUySyu_61IMj5DDScQaKFlF-5GeKGd9cJc5hkUbNWVyhdZ1rH9bolTLjO5yqIqd5U9mbWEcQdViJ3RUSh4eh7en_dUCS619x2RPm3j2gjZp4NE/s320/spx-13may11.png" width="320px" /></a></div><br />
As you can see, price has managed to stay mostly above the <strong>neckline</strong>, and is now poised at the<strong> uptrendline</strong> connecting the prior lows. The indicators offer no help as to the direction at the moment, but if we are to keep with the trend in place, expect a sharp move up towards 1430, to validate the IHS. Alternatively, a breakdown below the neckline, invalidates the IHS & sets up a bearish picture.<br />
<br />
All the best!</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-32399425092510135522011-04-30T06:35:00.000-07:002011-04-30T06:40:10.070-07:00S&P500 Inverse Head & Shoulders: Target 1430<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">That's a pretty <em>neat-looking</em> Inverse Head & Shoulders (IHS) Pattern on the hourly! Although a IHS pattern is seen more often at bottoms of downtrends, they do occasionally turn up uninvited. <strong>A target of 1430</strong> can be calculated based on the chart. <em>Severly overbought</em> on short-term charts, there is a danger of a pull-back, and hence chasing price here would be unwise!</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP3OEfOttarpKaq3q3HgOc3DB4RPRBwQ-MiU_5043V3-atcPMHTlgW-DesQbLG02Q211gbeY3OZVd6c2Xxrh9vrMVYbkLeKH7rdsA10lNcAjUSh_azSY4nVK6v5nPxrfMnXjhDStVORNc/s1600/spx-29apr11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211px" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP3OEfOttarpKaq3q3HgOc3DB4RPRBwQ-MiU_5043V3-atcPMHTlgW-DesQbLG02Q211gbeY3OZVd6c2Xxrh9vrMVYbkLeKH7rdsA10lNcAjUSh_azSY4nVK6v5nPxrfMnXjhDStVORNc/s320/spx-29apr11.png" width="320px" /></a></div><br />
<strong>Itching to get LONG?</strong><br />
<br />
If you are not long already, wait for a <em>successful</em> back-test of the neck-line, or at least a pull back to wind down the RSIs. That will enable employment of appropriate stop-loss points in the event of a failure.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhArCfzYWue2rAfVVCliWJ1TY9LN5GrPgSK4_OboCwTMBLfxEbcTC7BtTJiMLyEUWww8QJ0sULA0pUKbhdqR0kU_imF6u39rdYo2AFIIJQrp3EA7ewXV-a_XBFcrCeNIJTUaR8N9ICc4A0/s1600/spx-29apr11-weekly.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211px" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhArCfzYWue2rAfVVCliWJ1TY9LN5GrPgSK4_OboCwTMBLfxEbcTC7BtTJiMLyEUWww8QJ0sULA0pUKbhdqR0kU_imF6u39rdYo2AFIIJQrp3EA7ewXV-a_XBFcrCeNIJTUaR8N9ICc4A0/s320/spx-29apr11-weekly.png" width="320px" /></a></div><br />
<strong>Significant TOP around 1430</strong><br />
<br />
Last update, we talked about <em>dangerous levels</em> of BULLISH sentiment, as a contrarian indicator. Take a look at the weekly chart above. I believe we are approaching a significant top around <strong>1430</strong>. There are three reasons to support this proposition:<br />
<br />
1. Inverse Head & Shoulders Target level as shown above<br />
2. Serious congestion zone from 2007-2008, just before the wave 3.<br />
3. A Fibonacci 1.38 extention level is reached at this level<br />
<br />
All the best!</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-20585016598777936772011-04-28T19:22:00.000-07:002011-04-28T19:22:46.168-07:00Shanghai Composite: Retreating towards 2850<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;"><span id="goog_1537696162"></span><a href="http://trendlines618.blogspot.com/search/label/SSEC">Shanghai Composite<span id="goog_1537696163"></span></a> hit the upper trendline of a broad <strong>triangle pattern</strong> (refer to <a href="http://trendlines618.blogspot.com/2011/04/shanghai-composite-big-triangle-big.html">previous post</a>), and promptly turned down. Selling has picked up pace somewhat,but has support around <strong>2850</strong> - a level also supported by the rising trendline, as shown on chart. In the event of a bounce, resistance lies around <strong>2950</strong>. We will review this picture in case of a break towards <strong>2650</strong>.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDsLJy4TLIu-EgvjoyLkyGuYj_TN7FChA9zfyj4X_fsTyd1HMTHxZ-5AUW79F6FxfDOs6MEAJpAJFsujLpLngzIq76N2fMF6KqKkZ5sXWKCyHyYLDwxg8ZFg881GY8pr8S8rIg-TbPmJQ/s1600/ssec-28apr11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="222px" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDsLJy4TLIu-EgvjoyLkyGuYj_TN7FChA9zfyj4X_fsTyd1HMTHxZ-5AUW79F6FxfDOs6MEAJpAJFsujLpLngzIq76N2fMF6KqKkZ5sXWKCyHyYLDwxg8ZFg881GY8pr8S8rIg-TbPmJQ/s320/ssec-28apr11.jpg" width="320px" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-22685941352705568242011-04-16T20:45:00.000-07:002011-04-16T20:45:23.483-07:00S&P500: Sentiment fires a WARNING shot!<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">As the S&P500 wavers at rally highs, <strong>bullish sentiment</strong> is reaching dangerous levels. Even if not an immediate sell signal, further price rises will be hard to come by until the bullish sentiment subsides substantially. Here's the SPX500 trendline watch, as well as the sentiment chart. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuESs7ul-PFQxnSFRIXm1rzlV83OcIxGbmj7D1Eqj3aDvROMd_Kc5ZASPtPhBQiiuRFu6Oy1agVNWL9k7hC1VG-nKT0kCtcGjfWyz8OvAGBqKNeuIv_u8SyJRIY8LssYpw8hm9WBQDQEw/s1600/spx-15apr11.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuESs7ul-PFQxnSFRIXm1rzlV83OcIxGbmj7D1Eqj3aDvROMd_Kc5ZASPtPhBQiiuRFu6Oy1agVNWL9k7hC1VG-nKT0kCtcGjfWyz8OvAGBqKNeuIv_u8SyJRIY8LssYpw8hm9WBQDQEw/s320/spx-15apr11.png" width="320" /></a></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIC-ynC12PO5oYieJhh5ZM9ZOEcv-nSwfnPjwEhIvxcOjlWM6-cqUIRneovwIryPnO1SoU7cvOijG_X-3adG3hzI1Eg7ALT4e-7iqWriB8W3z6vO21SUI_PgyOt0qlQsXKZE3-PZWm6Io/s1600/ii1.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="130" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIC-ynC12PO5oYieJhh5ZM9ZOEcv-nSwfnPjwEhIvxcOjlWM6-cqUIRneovwIryPnO1SoU7cvOijG_X-3adG3hzI1Eg7ALT4e-7iqWriB8W3z6vO21SUI_PgyOt0qlQsXKZE3-PZWm6Io/s320/ii1.gif" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-11286229822932268132011-04-10T07:58:00.000-07:002011-04-10T07:58:22.043-07:00Shanghai Composite: A BIG Triangle = A BIG Move ?<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Since its dramatic recovery in Wave A, the Shanghai Composite has been stuck in sideways action for almost 2 years in B-wave action, providing good short-term trading opportunities. We've talked about a possible <em>truncated Wave C</em> in previous posts. Meanwhile though, a BIG fat <strong>triangle</strong> has set up, and price is currently approaching the very important top line. A break above will have immediate resistance around <strong>3180</strong>, but in the longer run could lead to <em>much higher prices</em> in an overdue Wave C. In case of a turn-down, support is at <strong>2650</strong>, followed by bottom line. Eitherway, we may be looking at a BIG move, and hence patience is a virtue!</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWddECQsnnQt2RKhVT0U-DGZ8R-4iNpp3cPZ-b_yKbp_LXDI5symA-6kwivBy8wHVOwrzDcdIMTDFAaurzmaAZ2KhhvR97SiVnJK8S9WU2CWJ_LXy0igjTSg0gtUzsCrdeohWJ00ErncI/s1600/2011Apr08-Shanghai+Stock+Exchange-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWddECQsnnQt2RKhVT0U-DGZ8R-4iNpp3cPZ-b_yKbp_LXDI5symA-6kwivBy8wHVOwrzDcdIMTDFAaurzmaAZ2KhhvR97SiVnJK8S9WU2CWJ_LXy0igjTSg0gtUzsCrdeohWJ00ErncI/s320/2011Apr08-Shanghai+Stock+Exchange-800x600.png" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-61272359590720559042011-04-02T20:37:00.000-07:002011-04-02T20:40:43.118-07:00Hang Seng Index: Consolidation before a Breakout?<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Since my last post <a href="http://trendlines618.blogspot.com/2011/02/hang-seng-index-break-down.html">Hang Seng Index: Break Down!</a>, HSI has successfully held support around <strong>22400</strong>. Looking at the weekly chart, the index has seen sideways action for the past 5 months, and is reaching the upper trendline <strong>resistance</strong> yet again, around <strong>24000</strong>. We may see some <strong>consolidation</strong> here. However, the volume patterns suggest that a breakout above is possible in the short-medium term. Intial target will be <strong>25000</strong>, followed by the significant pivot of <strong>26300</strong>.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmoudSWhUThM7LUtEM0_9dMpColzVC6XfEvUWuyoC8mJNSBvEwVu2BZXA_nBEm8mKtGbYmpxQurXL3Am_rWxRJSsW2VacVOdx9zPLasnMKyvcFYGK1pXEDK5eoLC2ZhN-M8J9J0mV-BmQ/s1600/2011Apr1-Hang+Seng-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmoudSWhUThM7LUtEM0_9dMpColzVC6XfEvUWuyoC8mJNSBvEwVu2BZXA_nBEm8mKtGbYmpxQurXL3Am_rWxRJSsW2VacVOdx9zPLasnMKyvcFYGK1pXEDK5eoLC2ZhN-M8J9J0mV-BmQ/s320/2011Apr1-Hang+Seng-800x600.png" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-635654761646223032011-03-30T18:59:00.000-07:002011-03-30T18:59:16.861-07:00Straits Times Index: Facing a Familiar Foe!<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">After a rapid recovery from an oversold positive divergence, the STI is now facing a familiar foe: <strong>3120.</strong> Also in play is the top of the downtrend channel. Interestingly, the decline in the STI has occured in 3 waves so far. A break above 3120 here, will mean at least a<strong> re-test of the highs</strong> in the medium-term. On the other hand, a breakdown to reach 2900 will complete 5 waves, and change the outlook decisively.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiI8KB0V5g6P4443SdJ3mSxJFMyvSsHA6X2seehTrMpQE0p69-CA0vi7pNvYHuW5Ep0waQ78bqVAalLB3OCqiTu2IlLKjKH7kskAWC-RBDlECcJfcArBYV6LdyrsCSFyJlmoyAjK0KrqDo/s1600/2011Mar30-Straits+Times-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiI8KB0V5g6P4443SdJ3mSxJFMyvSsHA6X2seehTrMpQE0p69-CA0vi7pNvYHuW5Ep0waQ78bqVAalLB3OCqiTu2IlLKjKH7kskAWC-RBDlECcJfcArBYV6LdyrsCSFyJlmoyAjK0KrqDo/s320/2011Mar30-Straits+Times-800x600.png" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-59268947981358806142011-03-20T00:14:00.000-07:002011-03-20T00:14:46.825-07:00DJ World Index: Through the Elliott Eye!<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">The world has had an incredible year so far, with misfortune striking many diverse populations, in the form of <strong>natural disasters</strong>. <em>I believe it is our duty to lend our support, relief and prayers to those affected, to the best of our abilities. </em></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Are we about to witness a<strong> financial disaster</strong> as well? Attached below is a chart with a simplistic view of the world index through my Elliott eye. If the labelling is foreign to you, you may want to browse through this basic <a href="http://www.elliottwave.com/a.asp?url=/club/ewi-basic-tutorial/default.aspx?code=16748&dy=cga&cn=10tlb">Elliott Wave Tutorial</a>. If you use a magnifying glass, you may notice a discernible trendline break on the chart. <em>Note that the US markets have a heavy weightage in this index</em>.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNZGquoVLJZXLWKAxe6pPig4RvubQeNmdLsxIij5IPvakFIQUYta83llPvWl8gT7VgJrqQ1kNU0NOPKUBecLhPnGRFZvF3riKRo5YaRam3aPg2Ttme18mcV5IVuo5RbeObKBvh07voZjo/s1600/W1DOW-18mar11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="142" r6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNZGquoVLJZXLWKAxe6pPig4RvubQeNmdLsxIij5IPvakFIQUYta83llPvWl8gT7VgJrqQ1kNU0NOPKUBecLhPnGRFZvF3riKRo5YaRam3aPg2Ttme18mcV5IVuo5RbeObKBvh07voZjo/s320/W1DOW-18mar11.jpg" width="320" /></a></div><br />
<strong>The question is</strong>: Is the C wave done? or was this 1 of C?<br />
The nature of the decline that is currently unfolding might give us some clues. Assuming the most bearish case, i have drawn a projection of the possible path the world markets could take.<br />
<br />
<strong>Big Picture</strong><br />
<br />
Since markets are <a href="http://en.wikipedia.org/wiki/Fractal">fractals</a>, any form of wave labelling requires the big picture count to be accurate. You may want to check out <strong>Robert Prechter's</strong> free copy of the February <a href="http://www.elliottwave.com/r.asp?rcn=jsgrphc&url=http://www.elliottwave.com/club/new-bull-or-deceptive-bear/default.aspx?code=48734&dy=bso-lb&acn=10tlb">Elliott Wave Theorist</a> for the <strong>US market picture</strong>, if you haven't already done so. (Available until Mar-21)<br />
<br />
<strong>Asian Markets - baked in the same oven?</strong><br />
<br />
Although all world markets have <strong>general correlations</strong>, not all of them are in the same wave junctures. Some <em>more bullish</em> than others. For the <strong>Asian Markets </strong>big picture, you may want to check out the <a href="http://www.elliottwave.com/single-issues/aff/Asian_Pacific_Financial_Forecast.aspx?code=frasia&cn=10tlb">Asian-Pacific Financial Forecast</a> service, by the brilliant <strong>Mark Galasiewski</strong>.<br />
<br />
<strong>Very Short-Term</strong><br />
<br />
In the very short-term, most markets seem to be a <strong>few declines away</strong> from a <strong>short rebound </strong>into the next few weeks, which will serve as a back-test.<br />
<br />
All the best!</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-10752301414381503652011-03-16T02:22:00.000-07:002011-03-16T02:23:43.148-07:00Elliott Wave Theorist, FREE until Mar-21<div dir="ltr" style="text-align: left;" trbidi="on">In response to the dramatic selloff in recent days, Elliott Wave International has released a free issue of Robert Prechter's <a href="http://www.elliottwave.com/r.asp?rcn=jsgrphc&url=http://www.elliottwave.com/club/new-bull-or-deceptive-bear/default.aspx?code=48734&dy=bso-lb&acn=10tlb">Elliott Wave Theorist</a>. EWI says:<br />
<br />
<em>"It includes more of Robert Prechter's experience than you’ll ever read in a single issue -- all 30-plus years of it. What matters is that he uses his experience at a moment when it can do the most good, namely when investors are most vulnerable. This is a unique opportunity for you to see what Prechter’s subscribers see. Don't miss out! This free issue is only available through <strong>March 21</strong>."</em><br />
<em></em><br />
<br />
Click <a href="http://www.elliottwave.com/r.asp?rcn=jsgrphc&url=http://www.elliottwave.com/club/new-bull-or-deceptive-bear/default.aspx?code=48734&dy=bso-lb&acn=10tlb">here</a> for download page.</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-31138246231052160202011-03-15T00:16:00.000-07:002011-03-15T00:16:06.592-07:00Shanghai Composite: Breakout Fails<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Refer to<a href="http://trendlines618.blogspot.com/2011/03/shanghai-composite-upside-breakout.html"> last post on SSEC</a>. A breakout above <strong>2950</strong>, implied a target of <strong>3180</strong> after a brief back-test. However, the <strong>back-test failed</strong> (perhaps in sympathy with the extraordinary & unfortunate situation unleashed by mother nature in neighbouring Japan), and the short-term outlook is back to neutral. Supports are at <strong>2850</strong>, then <strong>2800</strong>. A break back above<strong> 2950</strong> on <strong>good volume</strong> will give strength the bullish case.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQEaWMU1G0IQl-qLvTajZ-F_GSvwg5wRZoxGBP2sFlAKXJxfUr84B-X3MsX6RmEmgzH0qpbBpo4DA4d7vrkI55nPCcLLtqcapmN1dwWm78qiOR8fWUaizgInAS2WUF_y1kPfBc3dY0uHQ/s1600/ssec-15mar11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="224" q6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQEaWMU1G0IQl-qLvTajZ-F_GSvwg5wRZoxGBP2sFlAKXJxfUr84B-X3MsX6RmEmgzH0qpbBpo4DA4d7vrkI55nPCcLLtqcapmN1dwWm78qiOR8fWUaizgInAS2WUF_y1kPfBc3dY0uHQ/s320/ssec-15mar11.jpg" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-24613863617671279552011-03-08T23:55:00.000-08:002011-03-08T23:55:16.146-08:00Straits Times Index: Overhead Resistance<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Last post on the STI -<a href="http://trendlines618.blogspot.com/2011/02/straits-times-index-in-dire-straits.html"> Dire Straits</a> - identified a break below <strong>3120</strong>, and called for further declines. After reaching a low of 2970, there was a nice rebound. The same 3120 overhead is now serious resistance. Expecting price to correct with support at <strong>3050 zo</strong>ne. A possible<strong> inverse head and shoulders</strong> reversal pattern is illustrated on the chart. An eventual break above 3120 will make this an A-B-C style correction implying higher prices ahead.</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTZVoyEFCn9knjARLbbZA6tHIutAnm8yYi02dgOvHkZLyaRYHRdo-kt4mn6QbgNfGaOywa-PmulGM09LziOIgN9xel3Qqen73p2AChWpRwL6zUKETdHeqFnBaBCLl0iOrvvMLDT8suWsU/s1600/2011Mar08-Straits+Times-800x600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" q6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTZVoyEFCn9knjARLbbZA6tHIutAnm8yYi02dgOvHkZLyaRYHRdo-kt4mn6QbgNfGaOywa-PmulGM09LziOIgN9xel3Qqen73p2AChWpRwL6zUKETdHeqFnBaBCLl0iOrvvMLDT8suWsU/s320/2011Mar08-Straits+Times-800x600.png" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-65678084468171733352011-03-07T18:39:00.000-08:002011-03-07T18:43:15.135-08:00S&P500 Short-Term: Update<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;">Refer to previous post, suggesting a <a href="http://trendlines618.blogspot.com/2011/03/s-short-term-bearish-wedge.html">short-setup on SPX</a>. Although, the 30-min RSI never made it to 70, price moved down swiftly, taking the lower trendline downriver. Around <strong>1300 support</strong>, a nice back-test followed. If you've taken a short position, move your stop down to the back-test level to protect your profits. Failure of 1300 zone may result in <strong>1275</strong>. This move down, if it happens, is likely to be choppy.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw2mSsnwVtTbs3KiJ-WiQeRK3NbY8feMYmKx5aIzrDDmJqgGdihAK5hoE7dPWNoQwxgmeDqkLyqw9S21gYcfI26ql4ndyJhyUYNDg_k_PrGZRURTSSxwXmxqwV8TzaCS5FBnNDz8F4YHA/s1600/spx-07mar11-30min.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211" q6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw2mSsnwVtTbs3KiJ-WiQeRK3NbY8feMYmKx5aIzrDDmJqgGdihAK5hoE7dPWNoQwxgmeDqkLyqw9S21gYcfI26ql4ndyJhyUYNDg_k_PrGZRURTSSxwXmxqwV8TzaCS5FBnNDz8F4YHA/s320/spx-07mar11-30min.png" width="320" /></a></div></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-75615102546810862102011-03-06T23:46:00.000-08:002011-03-06T23:47:06.814-08:00Shanghai Composite: Upside Breakout!<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: left;"><a href="http://trendlines618.blogspot.com/2011/02/shanghai-shenzhen-update.html">Last update</a> on the Shanghai Composite noted resistance at <strong>2950</strong>. After a decent correction, <a href="http://trendlines618.blogspot.com/search/label/SSEC">SSEC</a> jumped up <strong><span style="color: red;">1.8%</span></strong> today on <strong>good volume</strong>, and breaking out above this barrier. <strong>Target</strong> for this move up is <strong>3180</strong>. But first, there may be a back-test of the breakout. Also, the medium-term picture will get very interesting around the target levels. Stay tuned!</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLbJOdu4KkxdbAiPL8_o7Rq5O4-f8gC4wYAKSmfTCSw-XGAHVrkNfbT14e4qlsn938AUo7svX2F5GALEByFqsgSzNevRMLyDNLHUgDeLZB6sMK00qMwIIP3MuPCjBq9Ix2CGGwN0eRE5Y/s1600/ssec-07mar11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="279" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLbJOdu4KkxdbAiPL8_o7Rq5O4-f8gC4wYAKSmfTCSw-XGAHVrkNfbT14e4qlsn938AUo7svX2F5GALEByFqsgSzNevRMLyDNLHUgDeLZB6sMK00qMwIIP3MuPCjBq9Ix2CGGwN0eRE5Y/s400/ssec-07mar11.jpg" width="400" /></a></div><br />
</div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.comtag:blogger.com,1999:blog-7116941994871470009.post-37840770568756622962011-03-05T07:26:00.000-08:002011-03-05T07:27:34.932-08:00(Video) Quantitative Easing Explained!<div dir="ltr" style="text-align: left;" trbidi="on"><iframe allowfullscreen="" frameborder="0" height="360" src="http://www.youtube.com/embed/PTUY16CkS-k" title="YouTube video player" width="400"></iframe></div>Trendlineshttp://www.blogger.com/profile/17164632917857222852noreply@blogger.com