Thursday, April 7, 2011

Yan Yan Yan Yan


This is the chinese character for self control

or discipline


Looking at the historical chart (from 1900 to April 2011), mega wave 5 is completed and there is a potential 'Head and Shoulders' reversal pattern, not advisable to move into stocks.




5 waves down from October 2007 to March 2009, it has to be wave A. From the low of 6547 to yesterday closing of 12426, Dow has gained 90%. To me, this is definitely the last journey for wave B, it is very high risk to move into stock. Even for short term trading, one must prepare to cut loss when the music stopped.


So, must Yan Yan Yan Yan (Cantonese). Or Ren Ren Ren Ren (Mandarin)



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