Friday, September 24, 2010

Dow jumped 170 points on Friday Morning


The 77 points drop yesterday has completed the sub-wave iv. On Friday morning Dow jumped 170 points within the first one hour of trading to mark the starting of sub-wave v. Wave iii should be completed within next week. After that Dow has another two waves to go, the wave vi and wave v to complete the mega wave B that has started in March 2009.




Karambunai



It moved up another 50% after breaking the 12.5 sen neckline of the lower degree "double bottoms". Volume traded was about 400 millions share, a fantastic volume. Will it break its higher degree "double bottoms" neckline at around 26 sens? Once it is broken, the next minimum target is about 50 sens.

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