Monthly Chart Update : QBE: Feb2010

Monthly Chart Update : BHP : Feb2010

Elliot Count :


If the count is correct the excruciating climb from the
crisis induced bottom and current price which I believe
has topped, is a corrective, counter rally. A substantial rally,
but still a slow climb with a lot of corrective top spikes. A
substantial rally because it has climb almost to the last peak.

whats to be seen from now, is a multi -month descend to complete
Wave "Z". Now that we have "Y" completed.

Volume :
From X to Y counter rally, although price was increasing, albeit
substantially from 20s to 40s, Price increases.

Prices Increases on Declining volume.
Bearish Divergent.

Stochastics :
Stochastics has put in 2 tops.

One in the beginning of Y and the other at the termination.

Tallest Building And Market Top

DUBAI : Top & Bottom Trouble

TOP TROUBLE

Dubai closes viewing deck on world's tallest building
The observation deck on the Burj Khalifa in Dubai, the tallest building in the world, has been closed for repairs only a month after it opened.

BOTTOM TROUBLE

Massive aquarium in Dubai Mall springs leak causing evacuation of shoppers Just when you thought it was safe to go back to the mall, one of the world's largest shopping centers was partly evacuated Thursday when an aquarium containing hundreds of sharks and thousands of sprung a leak. Read more: http://www.nydailynews.com/news/world/2010/02/25/2010-02-25_massive_quarium_in_dubai_mall_springs_leak_causing_evacuation_of_shoppers.html#ixzz0gnHiK0xa

2 Super International Apologies

SIGNS OF THE TIMES

Two very significant names globally, apologises to the public. Apologies is a way of admitting
a wrong doing. A way of showing remorse and regret of actions done that casues pain to others.
Confession, Apologies is a corrective process. Excesses of the 3rd wave causes deviation from the
correct path. Apologies yes. Closure ? Not yet.
If this is a reflection of the market psychology. The corrective process as reflected in prices will
have some more ways to go before case can be pronouced close and Life goes on again.

Till life can go on again, Closure must come in first. But not before some denial, anger and sadness in the grief management cycle. Life goes on when forgiveness kicks in.


Mr Toyoda apologises on behalf of Toyota




Tiger Woods Apologises

BHP Chart Update

Prices gapped up from last post to complete the minor 5th wave.
And gapped down on the first point of the C wave

AUDUSD : Weekly Chart : Another 5 wave up .

AudUsd : Weekly Chart shows another possible 5th wave up.
In line with the anticipated interest rate rise.

Chart Update : Rio Tinto : 5th Wave down

My Elliot Count :

Rio Tinto has traced a 4th wave correction to the 4th wave
of the 3rd wave which is also 5o%retaracement.
Looking for a 5th wave down for now.

Tiger woods, Dow Jones & Elliotwave

Tiger woods the Sun Tzu of Golf :
http://en.wikipedia.org/wiki/Tiger_Woods
Advertisements of Tiger poses with Suntzu like caption
during the 2nd half of 2008. Another dream career.
Starting from 1975. As Dow goes thru a corrective season
so does Tiger before the next Bull run.


More Cash power please during the bear market

and Less Leverage too !!

Don't think of "curves" all the time. Stay focus .



In a corrective market maybe more attention
should be paid to EXIT strategy.



Agility maybe good during the Bull run.
Stability is called for during the corrective phase.


Here is Wishing Tiger All the Best in the Year of The Tiger !
Happy Chinese New Year !

When CEO Exits : A look at MSFT, BHP & JB HiFi

2 has been. 1 is to come.

Microsoft Bill Gates exited, stepped down as CEO of Microsoft on January 2000. What an ideal exit. Started at the bottom, exited at the top. Commencing the New Millenium on a philantropic foot.

BHP's Chip Goodyear. CEO of BHP from 2003 to September 2007. BHP listed on NYSE was about $10 when Chip started as CEO. The stock price went thru 7 fold increase when he exited when stock prices was about $70+. Dream Run.

JB HIFI's Richard Uechtitz did no worse if not better. JB HiFi's share was about $2 in 2003. Now at the time of announcement of stepping down as CEO, shares is trading at about $20-$22. A Ten fold increase in stock price from start to stepping down. Fantastic Run !!

However, 2 has been. We know now what happen to the shares after that everything else being equal.1 is yet to come.........JB HIFi has completed a 5 wave. A Retracement is yet to come.....the great sale ahead ??

GBPUSD : An almost perfect elliot 5 wave

BHP : The day after :

Prices up on declining volume on A and B wave correction.
Prices up on Incresing volume on C wave BUT NET SELLERS !

JBH : Another leg down ? Short Entry point $21.00

Sell near upper trend line of the channel : $21.00

BHP : Correction Completed ?

Prices has touched the downward sloping resistance trend line

Prices has hit 50% correction

A 5 wave has been completed and a 3 wave correction has

more or less completed.Looking for price to complete a C

Wave or a 3rd wave to below $66