Tuesday, June 22, 2010

Dow - Last journey for B

If you love Pancake, go to Paddington, the house of pancakes


Dow is currently at around 10450 level. I am looking at around 10700 level for wave B, another 250 points to go. There is a potential 'head and shoulders' formation for Dow.


British FTSE is heading for the same formation.


Hong Kong market is influenced by both the New York and Shanghai market. The resultant chart pattern is quite different from Dow. It appears to me that Hang Seng is at sub-wave D of major wave (IV) at the moment.


Shanghai is at its last journey of wave C.


Singapore STI's wave form is quite similar to that of Dow.

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