15 July 2006
Market Comments (15 Jul 06)
STI
A small double top (dt) has been broken down effectively.
NL 2400 will cap any short term technical rebound.
Wave C may have started.
Plan: Not suitable for buy or bottom fishing until a bottom formation forms and breaks out with heavy volume.
Nasdaq
Wave C started since its wave A (consisting of 5 impusive down waves) low has been broken down.
Strategy
Continue playing FTSE 100 futures and Mini Dow futures at night time until more than 50 stocks in SGX establish bottom formations and break out with heavy volumes.
Monitor indices all over the world closely.
Monitor existing 115 stocks on my radar screens closely. Read their daily charts on daily basis at night time.
STI
A small double top (dt) has been broken down effectively.
NL 2400 will cap any short term technical rebound.
Wave C may have started.
Plan: Not suitable for buy or bottom fishing until a bottom formation forms and breaks out with heavy volume.
Nasdaq
Wave C started since its wave A (consisting of 5 impusive down waves) low has been broken down.
Strategy
Continue playing FTSE 100 futures and Mini Dow futures at night time until more than 50 stocks in SGX establish bottom formations and break out with heavy volumes.
Monitor indices all over the world closely.
Monitor existing 115 stocks on my radar screens closely. Read their daily charts on daily basis at night time.
