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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Wednesday, November 3, 2010
CAF : Morgan Stanley "A" Share Fund
** Take Note : This is a monthly chart **
It took 7 months for the Wave 1 to go from $17 to $40 which is 135%
We are anticipating maybe that long from $30 to $55 which is about 80%
Or 4 months [80/135 * 7 months] on a prorated basis
Which coincides beautifully with the Chinese Lunar New Year Celebration ??!
2011 Chinese Lunar New Year celebrations begins on the 3rd Feburary 2011.
Today is the 4th November 2010.
So in 4 months time the Tiger will pass the baton to the Rabbit.
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