Free Ideas & views on Global Markets.

US $ Index update 21 Nov 2010

2010-11-22T00:47:00.000+05:30

Previous Posts can be read here http://dowjonesusa.blogspot.com/2010/03/us-index-update-5-march-2010.html

Keeping the stoploss of 74 around levels, cmp 78 around, one should buy this assuming a big big n a real big wave is yet to come in this. Where the targets can be new highs of 97 around.

Have a look at chart below.

Take informed decision.

Regards,
Navneet Singhal

Shanghai China 21 Nov 2010

2010-11-22T00:37:00.000+05:30

Shanghai did pretty well once it crossed 2891 levels as given in previous post. http://dowjonesusa.blogspot.com/2010/08/shanghai-china-index-update.html

3186 is recent high and low after this 2806 so far in last week.

It rose very fast but fell even faster as the nature of fall is just like that.

Shanghai Chinese Index 21 Oct 2010

2700 around are immediate supports for Shanghai which if held then a new high is expected.
Once broken then 2550 and 2320 around levels can come again and that too very fast as the nature of chinese markets.

Regards
Navneet Singhal

CAT target achieved

2010-11-22T00:21:00.000+05:30

http://dowjonesusa.blogspot.com/2009/04/cat-caterpillar-inc-buy-or-sell.html

Target price of 83 achieved within given timeframe in NYSE listed stock CAT.

Return of almost 150 % in 1.5 years..

Enjoy..

Navneet Singhal

Dow Jones 21 Nov 2010

2010-11-21T23:31:00.000+05:30

Hi,

Have a look at the Daily Chart below.

Dow Jones Daily Chart with Negative Divergence.

The above chart shows an example of Divergence on Daily chart of Dow Jones where price continued to make a new high while MACD indicator was not. which lead to this fall. This was supported well by an upward sloping trendline which earlier acted as Resistance trendline and now acting as support trendline.

Regards,

Navneet Singhal

Shanghai China Index Update

2010-08-22T19:21:00.000+05:30

Hi,

Chinese markets did pretty well to hit 138.2% target of C wave. This was predicted as early as in Dec 2009 when it was quoting at 3071 levels.

Here are old updates on Shanghai China.
http://dowjonesusa.blogspot.com/search/label/shanghai%20China

Now today as we update on Aug 22 2010.
we see the chinese market behaved as predicted but didnt achive 161% tgt of 2123, rather achieved 138.2% exactly as shown in chart in previous updates. This chart can be seen here as well. http://3.bp.blogspot.com/_pHGtnW_xUmw/S2EXdS1-seI/AAAAAAAAAcU/lebudJ2HaK4/s640/Shanghai+28+Jan++ABC+(+c+down+started).png

No lets have a look and reanalyse the chinese market and its early movements.

No lets zoom to recent rally from oct 2008 till Aug 2010.

No it seems that unless and untill 2891 is broken on upside till then target of 161.8% of 2123 remains open for Shanghai Markets. Pls do not forget, China has the habit of coming 1st either in rise or in fall as shon in past, so will this again be followed by world markets... or can they just ignore every bad news and without any great improvement in world economy, can they continue running up....

we doubt this rise of world markets and believe that what happened to Chinese markets is a trailer for upcoming world market crisis movie...

Good luck BULLS.n BeWare of BEARS.

Regards,

CA. Navneet Singhal

Dow Jones Critical level update.

2010-06-30T09:22:00.004+05:30

Hi,

Here is an update on Dow Jones with Monthly, weekly and Daily chart.

Please have a look and suggest your opinions.

Dow jones at 9700-9800 levels in year 1999, 2000, 2001, 2004, 2008, 2009, 2010 which means if a long term investor who says that I want to stay invested only for long term, he would have made nothing except lossing interest on his money as well. This tells you that a fool can not just come to market and buy anything and keep for life to earn. It takes a analysis when to buy and when to sell to make some money if not all in the world. This is Monthly chart, which we will reduce in size to weekly and daily to show you importance of 9700-9800 range.

11258 High in 2010. 9700-9800 again for 5th time since oct 2009.

so can we say break of 9600 around will signal weakness or 9500 to be on safer side.

BEWARE BULLS AND BEARS, as we are sitting near to crucial levels..
In Advanced get Language, MAKE OR BREAK.....

Regards

Navneet Singhal

30 June 2010.

Dow Jones Intraday Crash of 1000 pts.

2010-05-07T10:00:00.000+05:30

Nasdaq names hundreds of stocks with cancelled trades

All trades executed between 2:40 p.m. and 2:50 p.m. ET Thursday cancelled after record intraday stock plunge

New York — Reuters.

Stock exchange operator Nasdaq OMX Group Inc issued the names of hundreds of stocks for which it is cancelling trades following Thursday’s sudden stock market plunge.

Soon after 2:30 p.m. ET, the Dow Jones Industrial Average fell nearly 1,000 points in its largest ever intraday points drop, which may have involved a trading error.

Nasdaq said it is cancelling all trades executed between 2:40 p.m. and 2:50 p.m., when the quote deviated more than 60 per cent away from the consolidated last print in that security at about 2:40 p.m.

Nasdaq said its decision was made in conjunction with other exchanges and said it could not be appealed.

List of stocks where trades were cancelled.

Issue Symbol	Market	< 60 % price	> 60% price
AAXJ	NASDAQ	$20.7320	$82.9280
ACN	NYSE Group	$16.4080	$65.6320
BDT	NYSE Group	$3.7680	$15.0720
BDV	NYSE Group	$3.4360	$13.7440
BGS	NYSE Group	$4.1520	$16.6080
BICK	NASDAQ	$10.5960	$42.3840
BOE	NYSE Group	$6.8000	$27.2000
BRO	NYSE Group	$7.6720	$30.6880
BTF	NYSE Group	$5.4400	$21.7600
BWP	NYSE Group	$10.3520	$41.4080
CFI	NYSE Group	$5.1880	$20.7520
CGW	NYSE Group	$6.7800	$27.1200
CHTP	NASDAQ	$1.4720	$5.8880
CII	NYSE Group	$5.5120	$22.0480
CLW	NYSE Group	$23.6200	$94.4800
CNP	NYSE Group	$5.5400	$22.1600
CNR	NYSE Group	$0.8600	$3.4400
CSA	NYSE Group	$2.6160	$10.4640
CSM	NYSE Group	$20.6720	$82.6880
CTL	NYSE Group	$13.4000	$53.6000
CUT	NYSE Group	$7.0440	$28.1760
CVO	NYSE Group	$2.9440	$11.7760
CVY	NYSE Group	$7.0080	$28.0320
CWB	NYSE Group	$15.0000	$60.0000
CWI	NYSE Group	$11.2040	$44.8160
CYS	NYSE Group	$4.9120	$19.6480
DES	NYSE Group	$17.0240	$68.0960
DKP	NYSE Group	$8.0800	$32.3200
DLN	NYSE Group	$16.6160	$66.4640
DNP	NYSE Group	$3.5360	$14.1440
DOG	NYSE Group	$20.4600	$81.8400
DTN	NYSE Group	$16.6920	$66.7680
DVY	NYSE Group	$17.9440	$71.7760
DWM	NYSE Group	$16.2880	$65.1520
DWX	NYSE Group	$18.6640	$74.6560
DZK	NYSE Group	$19.9920	$79.9680
EBIX	NASDAQ	$6.0440	$24.1760
ECH	NYSE Group	$21.5520	$86.2080
EEB	NYSE Group	$15.0280	$60.1120
EES	NYSE Group	$17.8800	$71.5200
EFG	NYSE Group	$19.9560	$79.8240
EFO	NYSE Group	$24.4920	$97.9680
EFV	NYSE Group	$17.5640	$70.2560
ELG	NYSE Group	$19.7840	$79.1360
ELR	NYSE Group	$20.9600	$83.8400
EMG	NYSE Group	$24.3720	$97.4880
EMM	NYSE Group	$20.4080	$81.6320
ENY	NYSE Group	$6.5680	$26.2720
EOS	NYSE Group	$4.9560	$19.8240
EPI	NYSE Group	$8.5760	$34.3040
EPP	NYSE Group	$15.0080	$60.0320
ETY	NYSE Group	$4.7760	$19.1040
EVF	NYSE Group	$2.5640	$10.2560
EWK	NYSE Group	$4.5080	$18.0320
EWX	NYSE Group	$18.0000	$72.0000
EXC	NYSE Group	$16.5240	$66.0960
EXG	NYSE Group	$4.3440	$17.3760
EXLS	NASDAQ	$6.4240	$25.6960
EXP	NYSE Group	$12.0640	$48.2560
EZPW	NASDAQ	$7.4320	$29.7280
FAB	NYSE Group	$10.1200	$40.4800
FAX	NYSE Group	$2.3880	$9.5520
FBT	NYSE Group	$12.9400	$51.7600
FCG	NYSE Group	$6.5720	$26.2880
FDV	NYSE Group	$8.3560	$33.4240
FEX	NYSE Group	$9.6960	$38.7840
FGD	NYSE Group	$8.2120	$32.8480
FNI	NYSE Group	$8.2120	$32.8480
FNX	NYSE Group	$11.2000	$44.8000
FPT	NYSE Group	$5.2320	$20.9280
FTA	NYSE Group	$9.4800	$37.9200
FTY	NYSE Group	$11.9560	$47.8240
FVD	NYSE Group	$5.4400	$21.7600
FXD	NYSE Group	$6.6000	$26.4000
FXH	NYSE Group	$9.0520	$36.2080
FXL	NYSE Group	$7.1680	$28.6720
FXO	NYSE Group	$5.1960	$20.7840
FXU	NYSE Group	$6.1240	$24.4960
FXZ	NYSE Group	$7.9080	$31.6320
FYX	NYSE Group	$10.4560	$41.8240
G	NYSE Group	$6.3560	$25.4240
GCV	NYSE Group	$2.5320	$10.1280
GEC	NYSE Group	$8.7760	$35.1040
GFW	NYSE Group	$8.5920	$34.3680
GII	NYSE Group	$15.0280	$60.1120
GIM	NYSE Group	$3.7600	$15.0400
GLAD	NASDAQ	$4.2000	$16.8000
GLL	NYSE Group	$16.7680	$67.0720
GMF	NYSE Group	$28.4520	$113.8080
GWX	NYSE Group	$9.9200	$39.6800
HANS	NASDAQ	$16.7520	$67.0080
HAP	NYSE Group	$12.2480	$48.9920
HEDJ	NYSE Group	$17.8360	$71.3440
HHH	NYSE Group	$22.5000	$90.0000
HNT	NYSE Group	$9.4120	$37.6480
HSTM	NASDAQ	$1.8720	$7.4880
HTGC	NASDAQ	$3.7080	$14.8320
HTS	NYSE Group	$9.6720	$38.6880
IAK	NYSE Group	$11.4400	$45.7600
IAT	NYSE Group	$9.7840	$39.1360
IDE	NYSE Group	$6.1800	$24.7200
IEZ	NYSE Group	$17.0480	$68.1920
IGM	NYSE Group	$21.0640	$84.2560
IGN	NYSE Group	$11.0240	$44.0960
IGV	NYSE Group	$18.5120	$74.0480
IGV	NYSE Group	$18.5120	$74.0480
IGW	NYSE Group	$18.4560	$73.8240
IHE	NYSE Group	$22.7200	$90.8800
IHF	NYSE Group	$19.5400	$78.1600
IHI	NYSE Group	$22.9720	$91.8880
IJH	NYSE Group	$30.4560	$121.8240
IJJ	NYSE Group	$27.7280	$110.9120
IJK	NYSE Group	$32.6840	$130.7360
IJR	NYSE Group	$23.4840	$93.9360
IJS	NYSE Group	$25.3760	$101.5040
IJT	NYSE Group	$24.1080	$96.4320
IPG	NYSE Group	$3.0960	$12.3840
IPN	NYSE Group	$9.2840	$37.1360
IPXL	NASDAQ	$7.1040	$28.4160
ISI	NYSE Group	$20.3520	$81.4080
ITA	NYSE Group	$22.1560	$88.6240
ITC	NYSE Group	$20.3600	$81.4400
IVE	NYSE Group	$21.6480	$86.5920
IVW	NYSE Group	$22.8600	$91.4400
IWA	NYSE Group	$6.5240	$26.0960
IWB	NYSE Group	$24.7040	$98.8160
IWD	NYSE Group	$23.3960	$93.5840
IWF	NYSE Group	$19.8800	$79.5200
IWN	NYSE Group	$25.0880	$100.3520
IWP	NYSE Group	$18.6640	$74.6560
IWR	NYSE Group	$34.4520	$137.8080
IWS	NYSE Group	$15.6040	$62.4160
IWV	NYSE Group	$26.3920	$105.5680
IWW	NYSE Group	$30.9400	$123.7600
IWX	NYSE Group	$10.3640	$41.4560
IWZ	NYSE Group	$16.2920	$65.1680
IXC	NYSE Group	$13.0000	$52.0000
IXG	NYSE Group	$16.7360	$66.9440
IXJ	NYSE Group	$19.4160	$77.6640
IXP	NYSE Group	$19.4440	$77.7760
IYC	NYSE Group	$23.9240	$95.6960
IYE	NYSE Group	$12.7840	$51.1360
IYH	NYSE Group	$24.8560	$99.4240
IYK	NYSE Group	$22.6640	$90.6560
IYY	NYSE Group	$22.3240	$89.2960
JKD	NYSE Group	$25.8760	$103.5040
JKE	NYSE Group	$22.8680	$91.4720
JKF	NYSE Group	$21.3920	$85.5680
JKK	NYSE Group	$26.8160	$107.2640
JPM-S	NYSE Group	$8.7600	$35.0400
JPM-X	NYSE Group	$8.3240	$33.2960
JRO	NYSE Group	$4.4680	$17.8720
KXI	NYSE Group	$22.2080	$88.8320
LEA	NYSE Group	$28.3760	$113.5040
LGI	NYSE Group	$5.7480	$22.9920
LINE	NASDAQ	$8.8200	$35.2800
MCN	NYSE Group	$3.2440	$12.9760
MDD	NYSE Group	$10.0400	$40.1600
MFM	NYSE Group	$2.7360	$10.9440
MGU	NYSE Group	$5.6200	$22.4800
MSPD	NASDAQ	$3.5040	$14.0160
NFO	NYSE Group	$10.8880	$43.5520
NHS	NYSE Group	$4.5000	$18.0000
NLR	NYSE Group	$7.9480	$31.7920
NTL	NYSE Group	$7.9640	$31.8560
OKS	NYSE Group	$22.2000	$88.8000
ONEQ	NASDAQ	$36.5960	$146.3840
OPNT	NASDAQ	$6.1600	$24.6400
OXM	NYSE Group	$7.7120	$30.8480
PBJ	NYSE Group	$6.2720	$25.0880
PBP	NYSE Group	$8.2520	$33.0080
PBS	NYSE Group	$5.0640	$20.2560
PBW	NYSE Group	$3.5560	$14.2240
PDP	NYSE Group	$7.7760	$31.1040
PEJ	NYSE Group	$6.1440	$24.5760
PEY	NYSE Group	$3.2480	$12.9920
PEZ	NYSE Group	$8.8040	$35.2160
PFM	NYSE Group	$5.0600	$20.2400
PGH	NYSE Group	$3.9360	$15.7440
PHO	NYSE Group	$6.7040	$26.8160
PIC	NYSE Group	$5.8720	$23.4880
PID	NYSE Group	$5.2080	$20.8320
PIE	NYSE Group	$5.5320	$22.1280
PIN	NYSE Group	$8.3560	$33.4240
PIV	NYSE Group	$4.5880	$18.3520
PJM	NYSE Group	$8.1520	$32.6080
PJP	NYSE Group	$7.6040	$30.4160
PKW	NYSE Group	$8.7680	$35.0720
PNQI	NASDAQ	$10.4160	$41.6640
PPCO	NASDAQ	$1.3080	$5.2320
PQBW	NASDAQ	$8.4160	$33.6640
PRF	NYSE Group	$19.8040	$79.2160
PRFZ	NASDAQ	$22.0040	$88.0160
PSI	NYSE Group	$5.2000	$20.8000
PSJ	NYSE Group	$8.5920	$34.3680
PUW	NYSE Group	$9.2000	$36.8000
PVR	NYSE Group	$7.9520	$31.8080
PVX	NYSE Group	$2.8200	$11.2800
PWB	NYSE Group	$5.5760	$22.3040
PWJ	NYSE Group	$7.1760	$28.7040
PWO	NYSE Group	$17.5560	$70.2240
PWV	NYSE Group	$6.8720	$27.4880
PWY	NYSE Group	$5.5120	$22.0480
PXI	NYSE Group	$10.8520	$43.4080
PXQ	NYSE Group	$7.7160	$30.8640
PZZ	NASDAQ	$2.7320	$10.9280
QCLN	NASDAQ	$5.8200	$23.2800
QID	NYSE Group	$7.2320	$28.9280
QQEW	NASDAQ	$8.1120	$32.4480
QQEW	NASDAQ	$8.1120	$32.4480
QTEC	NASDAQ	$8.3880	$33.5520
RFG	NYSE Group	$24.3960	$97.5840
RFL	NYSE Group	$5.4680	$21.8720
RFV	NYSE Group	$12.1640	$48.6560
RHS	NYSE Group	$21.0240	$84.0960
RIT	NYSE Group	$2.9680	$11.8720
RPG	NYSE Group	$13.7760	$55.1040
RPV	NYSE Group	$10.3000	$41.2000
RQI	NYSE Group	$2.6720	$10.6880
RSP	NYSE Group	$16.3280	$65.3120
RSU	NYSE Group	$13.2000	$52.8000
RSW	NYSE Group	$21.6000	$86.4000
RWJ	NYSE Group	$11.3680	$45.4720
RWL	NYSE Group	$8.5560	$34.2240
RWW	NYSE Group	$12.0560	$48.2240
RXI	NYSE Group	$18.4560	$73.8240
RYF	NYSE Group	$10.2720	$41.0880
RZV	NYSE Group	$14.3760	$57.5040
SAM	NYSE Group	$22.7200	$90.8800
SCHA	NYSE Group	$11.6520	$46.6080
SCHG	NYSE Group	$10.5040	$42.0160
SCHV	NYSE Group	$10.3360	$41.3440
SCHX	NYSE Group	$10.5960	$42.3840
SCJ	NYSE Group	$17.2880	$69.1520
SDD	NYSE Group	$8.6720	$34.6880
SDK	NYSE Group	$9.3280	$37.3120
SDOW	NYSE Group	$26.9440	$107.7760
SDOW	NYSE Group	$26.9440	$107.7760
SFK	NYSE Group	$13.4680	$53.8720
SFK	NYSE Group	$13.4680	$53.8720
SIJ	NYSE Group	$8.1560	$32.6240
SJF	NYSE Group	$18.6320	$74.5280
SORL	NASDAQ	$3.5040	$14.0160
SOXL	NYSE Group	$13.5480	$54.1920
SRTY	NYSE Group	$21.5400	$86.1600
SRTY	NYSE Group	$21.5400	$86.1600
SWH	NYSE Group	$16.3280	$65.3120
TEI	NYSE Group	$5.4400	$21.7600
TLP	NYSE Group	$10.6560	$42.6240
TYP	NYSE Group	$3.5000	$14.0000
UKW	NYSE Group	$13.8280	$55.3120
UPW	NYSE Group	$14.0880	$56.3520
URE	NYSE Group	$15.6560	$62.6240
URTY	NYSE Group	$42.7560	$171.0240
UXI	NYSE Group	$13.8640	$55.4560
VALU	NASDAQ	$8.4960	$33.9840
VB	NYSE Group	$24.5240	$98.0960
VBK	NYSE Group	$25.1760	$100.7040
VBR	NYSE Group	$23.5200	$94.0800
VCR	NYSE Group	$20.5640	$82.2560
VDC	NYSE Group	$26.9120	$107.6480
VFH	NYSE Group	$12.3520	$49.4080
VHT	NYSE Group	$21.4680	$85.8720
VIS	NYSE Group	$22.1960	$88.7840
VO	NYSE Group	$24.9720	$99.8880
VOE	NYSE Group	$18.8080	$75.2320
VOX	NYSE Group	$21.6600	$86.6400
VTA	NYSE Group	$4.3840	$17.5360
VTI	NYSE Group	$22.8040	$91.2160
VTV	NYSE Group	$19.3160	$77.2640
VUG	NYSE Group	$21.1800	$84.7200
VXZ	NYSE Group	$32.7640	$131.0560
VYM	NYSE Group	$15.2760	$61.1040
WIN	NASDAQ	$4.1360	$16.5440
WOOD	NASDAQ	$15.6520	$62.6080
WSII	NASDAQ	$4.4720	$17.8880
WWON	NASDAQ	$6.2200	$24.8800
XGC	NYSE Group	$7.7120	$30.8480
XLFS	NASDAQ	$10.3600	$41.4400
XLIS	NASDAQ	$10.2600	$41.0400
XLPS	NASDAQ	$10.5200	$42.0800
XLVS	NASDAQ	$10.0160	$40.0640
XLYS	NASDAQ	$10.0360	$40.1440
XPH	NYSE Group	$16.2400	$64.9600
XRO	NYSE Group	$8.4840	$33.9360
XSD	NYSE Group	$17.8840	$71.5360

Dow Jones 5 March update

2010-03-05T09:25:00.000+05:30

Hi,

Previous post can be read at http://dowjonesusa.blogspot.com/2009/11/dow-jones-23-nov-2009.html

Dow has made high of 10728 around since our last post..

As per chart below, upside movement seems to be 100 more points for tgt around 10550 or around.
But what after that ?

9850 around clear formation.

The above view is for very short term..

Thanks & Regards
CA. Navneet Singhal

US $ Index Update 5 March 2010

2010-03-05T08:34:00.000+05:30

Hi,

Previous posts on this topic can be read at

http://dowjonesusa.blogspot.com/2009/12/us-index-update_19.html

http://dowjonesusa.blogspot.com/2009/12/us-index-update.html

Now let us see the current chart.

Below chart shows how effectively Fibonacci numbers are followed by US $ Index. GOLDEN RATIO..

Above chart also suggests a slight change in wave count.

Now it seems we are into 4th one where C is on.

It will be confirmed whether it was 4th if it does not break 78.48 around levels.

Also 4th wave has tendency to break the rising parllel channel so will get a clue from there as well.

In any case.. It was very early identified about the reversal of trend in US Dollar Index here.. on 16th December 2010. http://dowjonesusa.blogspot.com/2009/12/us-dollar-index.html

Any questions, pls post u r comments below.

Thanks & Regards
CA. Navneet Singhal

China Shanghai update.

2010-03-05T08:17:00.000+05:30

Hi,

Shanghai China is doing as good as was estimated.

We are looking forward to see lower levels..

Here is previous update http://dowjonesusa.blogspot.com/2010/01/shanghai-china-update-28-jan-2010.html

Here is latest chart formation where it also fell more than 2.5 % in one day..

Similar view with charts on Shanghai can be read at

http://bluechips4u.blogspot.com/2010/03/shanghai-3023-shanghai-is-among-weakest.html

Thanks & Regards

CA. Navneet Singhal

Shanghai China Update 28 Jan 2010

2010-01-28T10:25:00.000+05:30

Hi,

Earlier two posts on Shanghai http://dowjonesusa.blogspot.com/2009/12/shanghai-china-index.html

http://dowjonesusa.blogspot.com/2009/12/shanghai-china-update.html

Now..what ?

Have a look at charts below....

Medium term trend line broken...
Lower High...
short term resistance failed to act as support.

Clear 5 wave up and
A down
B up
C down started... and can tgt 100% - 138.2 & 161.8% to give levels of 2123..around..

WORLD will follow soon as per past year trends...

Enjoy...

Thanks & Regards
CA. Navneet Singhal
www.navneetsinghal.blogspot.com
www.coolguynavneet.blogspot.com

shanghai China Update

2009-12-24T00:45:00.000+05:30

On 22 Dec 2009, Shanghai made a low of 3039.. ( very close to 3030 support as mentioned above )..

will it hold...

Lower high and lower low formation confirms that its change of trend from upward to sideways and finally downtrend...

will world follow soon ?

good luck...

US $ Index Update

2009-12-19T16:37:00.001+05:30

Hi,

Dollar Index made a new high further contunuing the trend for 13 day now..

High so far in 3rd up is 78.14 which is 298%..

If its going for 423% then high can be 79.769..

here is the chart...

Thanks & Regards
Navneet Singhal

Shanghai China Index

2009-12-19T16:17:00.001+05:30

Hi,

Daily charts of China Index Shanghai.

Lower High, Break of Rising Trendline...

Will it break the next support around 3071 and take support around 3030..

Below is Rising Trendline from lows of 2008...

Thanks & Regards
Navneet Singhal

US $ Index Update

2009-12-18T09:34:00.000+05:30

Hi,

1st wave size 1.4

2nd wave retraced 93% size 1.3

3rd wave 161% is 76.363 already achieved.

261% is 77.663 already achieved.

Actual high made by 3rd wave so far is 77.94

Now if 4th wave starts from here ( which should actually), then max it can go down to 75.57 by 30 dec 2009. (Wave 4 should not overlap high of wave 1).

and then a final 5th up followed by an ABC correction... (should end in Mid Jan 2010).

Entire pattern will make wave 1 and wave 2 of one larger degree....and then will come 3rd wave big one... ( new Begining for higher tgts of 84 around should begin in mid january and reach by march end 2010)...

Thanks & Regards
Navneet Singhal

US Dollar Index

2009-12-16T20:44:00.001+05:30

Hi,

Look at these charts of US DOLLAR INDEX.

What is US Dollar Index ? http://akprabhakar.blogspot.com/2009/11/what-is-dollar-index-and-why-is-their.html

Monthly Chart with clear parallel Channel.

Weekly Chart showing a falling channel and breakout out of that.

And this one daily chart which shows clear 3 wave strcuture ( so far).. If this is upward strcuture then 75.6 around levels should not be broken until 5th up comes..
After that some correction upto 75 around levels to make it wave 2 of one larger degree and then big wave 3 up..(which will ensure that Worldwide Index & Commodity make high for time being and start correcting)...

Thanks & Regards
CA Navneet Singhal

Dow Jones 23 Nov 2009

2009-11-24T01:17:00.000+05:30

Hi,

Long time after, Its now important to highlight and catch the major turn in DOW Jones.

Have a look at all the charts below.

Weekly Charts.

Click each image to see larger picture.

Now do you think that its time to short ?

How much High it can go ? 10500, 11000, 11500..?

How much low it can go ? 9500, 8000, 6500, New low ?

How much time it needs to fall ? Less than 4 months or eual to 7 Months.

11500 which will negate the WEDGE view. (But only wedge view). :)

So decide urself what is coming next ? What is risk reward ratio here ? what you should be doing in here ?

Good luck.

Thanks & Regards
Navneet Singhal
Navneet.singhal001@gmail.com

Cat Caterpillar Inc Buy or sell ?

2009-04-12T16:58:00.001+05:30

Hi,

Buy or sell cat ?

Here is the answer.

Caterpillar Inc cmp 32.52 12 April 2009
If crosses 34-35 range then
Tgt will be 43-83 (2 Years minimum time frame)
stoploss 29

If you have any stock to be analysed then let us know, by posting comment under this post.

Thanks & Regards
Navneet Singhal

Gold Chart Analysis 10 Apr 2009

2009-04-10T11:53:00.000+05:30

Hi,

10 April 2009, Good Friday. Gold Chart. cmp 877.80 $

IHS under development. Right shoulder not yet made. Neckline far away.
If Gold doesnot fall below 800 $ for safety.
and
starts moving up from here uptill 1000 $
and
then crosses 1000 with a sharp rise in volume,
then
we can see Gold @ 1300 $ Levels Minimum.
Risk 877-800 = 77 $,
Reward 1000-877= 133 $,
Extra Reward 1300-1000 =300 $

Total Risk 77, Total Reward 433 $.

Now question is is it worth a try ?
Answer is simple.

IHS Pattern is not yet complete. So its not IHS unless it crosses 1000 mark.
We are hereby assuming that it might become IHS.
so
If you are aggresive player and can take risk then Trade now.
or
If you want probability and Technical Analysis in u r favour then better wait untill 1000 is crossed.

Thanks & Regards
Navneet Singhal