US $ Index update 21 Nov 2010

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

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

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

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

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