This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Thursday, July 22, 2010
COB was not in the original list but saw this after seeing DOW up close to 300 pts, cannot resist the temptation to jump into the bandwagon. Hopefully, there is still steam for further 5th wave upside. The analyst and talk show have been mentioning about the low volume in the past few days and weeks. Traders sidelined to see whether the bulls or bears wins this tug of confidence war. From what I am hearing is that there is cash in the market and investors are sidelined. Well that is a pre-requisite for a rally of some sorts.
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