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DJI have been closing daily high
and everyone is guessing how high it will actually hit before the table turn.
Mentally when the trend is in your favor, no one wish there will be a ceiling
to stop it. However I will keep a look out for the 3points show in the chart.
(a) Resistance around
16200-16400
(b) Pull back to 15720
(c) Bearish trend start once
14789 break.
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Watch out for HSI FIBO 100% @ 24000. If it manage to break
FIBO 100%, then we target to see 24445 which the highest in 2011. If not, we
will see whether HSI will be able to cover the gap show in the chart.
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Shanghai in the weekly chart show that it have break through
the bearish trend. However been resisted by 100W MA. If it able to close above
the 100W MA, 2235/2272, we target 2437. If not the bearish trend will resume if
break 2076 and will see 1970.
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STI last Thursday & Friday closed with 2 little hammer
at FIBO 38.2%. Still consider within the symmetrical triangle. However if this
week STI continue to fall and below the 2 little hammer, we till watch the
price @ 3125/3100. If not STI symmetrical triangle will continue to be in
play or perhaps it will bound between FIBO 38.2% and 50% throughout the last
week of the month or the year if only Capricorn effect do not take place
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