Thursday, 07 January 2010 22:12
WHEN
THE CORRECTION COMES TO ASIA WHAT IS THE SOLUTION FOR POSITION, SWING,
AND INTRADAY TRADERS? Will NK, HSI, and STI Records a New Low?
JAKARTA COMPOSITE INDEX
JCI
is moving in wave 4 with possible symmetrical triangle pattern. No
matter how fast or slow, as long as wave 1-4 has completed we will get
the most valuable information, it is wave 5. JCI has to complete its
impulsive wave final target before entering major trend corrective
wave. The possible end of wave 5 target is around 2.750 – 2.800 which
may be reached between 21 March – end of April 2010. Completion the
wave 5 target will be follow by at least ABC correction for 16 months,
with a minimum correction target at 1.900 and typically correction
target at 1.600. (More detail discussion of JCI in week 3 January 2010
edition).
NIKKEI 225
NK225
is moving in ABC corrective high. Since price overlapped each other
frequently, we assume this is a major ABC corrective high movement. The
good news is wave C is under progress as same as DJIA futures index. It
may reach 12.000 for the end of wave C then decline to at least 8.800
in late 2010 – early 2011.
HANGSENG
HSI
is forming wave 4. The possible target for wave 4 low is around 18.750.
Possible upside target for wave 5 will be at 24.500 – 24.700. Wave 5
completion more than likely followed by an ABC correction, that may
govern price down at least to 17.000 in 2010-2011.
STRAIT TIMES INDEX
STI
is possible to forming wave 5 extend. The fifth wave may subdivide into
5 waves with typical target at 3075 – 3.175. After wave 5 completion
the ABC correction may occur and it will sink STI at least back to
2.100 in late 2010 – early 2011.
KOSPI
KS11
is forming wave 5 obviously. The typical target of this upside is
approximately around 1.850 and may be reached around week 4 January –
week 2 February 2010.
After wave 5 completion the ABC correction may occur and it will sink KS11 at
least back to 1.350 in late 2010 – early 2011.
KLCI
KLCI
is forming ABC corrective high which is moving on wave C. The typical
target for the end of wave C is around 1.290 – 1.350. After wave C
completion it may moves in narrow trading range then sink back to at
least 900 in late 2010.
BSESN - SENSEX
BSESN
is forming wave 5 extend. The fifth wave may subdivide into 3 waves
with typical target at 19.560. The correction after wave 5 completion
is may reach 13.500 in ABC corrective wave.
Analyst Certification:
The
views expressed in this research report accurately reflect the
analyst’s personal views about any and all of the subject securities or
issuers; and no part of the research analyst’s compensation was, is,
or, will be, directly, indirectlyrelated to the specific
recommendations or views expressed in the report.
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rights reserved. Except as specifically permitted, no part of this
presentation may be reproduced or distributed in any manner without the
prior written permission of Stocksforliving Indonesia,Ltd.
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