Dow Jones update

After the Break of the Bear Flag, testing 10800, the sharp pull up to the bear flag resisitence and Boomz, a 170 pts downwards rush last nite........

2 scenario possible over the weekend

1. QE 3 in the talks.......mkt shortcover and later crash
2. QE 3 not in talks.......mkt retest lows and recover slowly

whatever that happen over Jackson Hole wyoming......long term i am bearish, i am looking at a good bear rally to load puts........


Position sizing is crucial......
cheers

FSSTI Charts update (before mkt open)

same like the US indices, Flags is seen........a retest of a low 2720 is critical
Due to the severity and lack of data evidence that the economy is still going strong, and oversell may happen....pricing in recession


FSSTI DAILY

 FSSTI HRly

Trade safe, this is no ordinary mkt.............

Cheers

INDU Update

A few days ago we noted that many charts are showing formation of bear flags. should the Low not hold....some scary selling will be triggered


INDU

Will history Repeats itself??

The observation of the similarity on the S&P 500 on 2008 top and the top made in 2011 is uncannily similar.....

characteristics of selldown and rebound pattterns has all so been antcipated........so continueing into the next 4 mths will everything be the same........

if using history as a guide and basing upon the same lines if that is to happen..........28dec Bradley key reversal date could spell a new Bear mkt........

i tend to beleive History do tell us a story...........this is a mkt phenomenom.

trade safe, position sizing is key in this volatile mkts

Have fun

Ian

STI, Dow Support and resistence line........Are we looking at a Bear Rally or a Bearish Flag?

 FSSTI

 Sysmetrical Triangle Breakdown, measurement objective still at 50%, final correction pt stays at 2650

should Rebound push all the way above 3000, pictures should change. at the moment status quo...

DOW Ind

looking kinda obvious a bear flag is forming, alittle too obvious, there is a 50% chance to surpirse to the upside.

no change still expecting a retest of lows before a decent bounce abt 1250-60

HYPOTHESIS COME TRUE!!! HOLY SHIT

On Aug 3, i posted the Hypothesis chart on whether this will happen, and it did happen.........the above is the update.......this is Rape......

Trade safe..........Trade safe with good discipline, mkt is always there, mkt not rite dun have to trade........

IAN 

Jesse Livermore was dead rite: "Human emotions collectively had major impacts on the movement of stock prices and mkts in general, ultimately creating patterns that kept repeating!

2011 current

2007

Amazing resemblance

When everyone try to go out the same door this is what happens

STI HYPOTHESIS CHART

be careful in this mkt, emphaisis on position sizing!

Charts on Dow & S&P500

Dow Jones

S&P500

both charts look horribly Ugly, seems in oversold territory and a bounce should be seen soon............
too deep a correction may trigger QE3

trade well, position sizing is critical...........cheers

Ian Li