Let's forget about the Mayan calender that will end on Winter Solstice 2012 (Dec 21st)
and the related doomsday arguments.
Just go back to the markets and see what could possibly happen
For Dow, I still think that the possibility of a major wave C remains high. I will be looking at the 12810 level to see whether wave 2 will end there. I still believe that when Dow plunges, the whole world's markets will follow.
Shanghai SSEC was bad towards the end of 2011. The index closed 2011 at its lowest level for the year. Another 470 points to go to form 'double bottom'.
France's CAC 40 is not much better than the Shanghai's SSEC.
Australian AORD appears to head for 'double bottom'. Equally bad.
For Bursa Malaysia. watch out for 'Head and Shoulders' formation.
UiTM (University Technology Mara)
Just wonder what will MCA say.
.
.
No comments:
Post a Comment