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, November 18, 2010
DIAMOND : DIA : Dow Jones
Dow very impessive showing yesterday.
Triple digit gain almost 200pts with string volume.
However still holding to view to is a corrective advance
probably consoildating at or near these levels
with stochs turning up from bottom
probably additional momentum to the upside
which is capped by :
1. Resistance line
2. Moving averages bands
3. Fibo retracement percentages.
Expect a consolidation , maybe a complex, maybe a triange
Before the move down.
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