Friday, December 10, 2010

Asian Markets

Shanghai market, wave e of major (2)


Hang Seng index of Hong Kong may have completed its mega wave B, if there is no extension to the major wave 3.

Is Hang Seng forming a 'head and shoulders reversal pattern as shown above ?

My reading for Singapore STI is similar to that of Hang Seng. Major wave 3 has completed its 5 waves. The only question left is whether its has 5 or 9 waves.


Similar to Hang Seng, it is also has the potential of forming a 'head and shoulders' reversal pattern. Wait for confirmation.

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