Korea, HongKong, China, Australia, Germany, London market snapshots for Daily and Weekly Charts 12-28-2011

2011 will end in few days time, and compared to 2010 yearend's bullish-ness, 2011 ended with almost all charts below on Bearish trend or neutral level. 2012 may not be a great year, expect things to come up better soon, as P/E ratio is not that bad enough. It’s just that EUR Debts are inevitable and causing tremoil all over the Globe. Remain Cash and Buy on Weaknesses.

Korea - 13 P/E
Hong Kong - 8 P/E
China - 12 P/E
Australia - 13.5 P/E
Germany - 10.5 P/E
London - 10.5 P/E

Currency:Eur to Usd 12-28-2011

Currency Traders: EUR currency is in the risk of having a breakdown below 1.29 Major Support. after it revisited 1.29xx last week, it just bounced to a maximum of 1.30xx, not a good correction, might be a sign that in weeks/months time, it will break down its support. A possible EUR controversial news could lead the break down.

Merry xmas to everyone 12-25-2011

Merry Christmas to everyone!!!

and what we expected came with an astonishingly good santa claus rally!

just 2 weeks ago, the selloff short term gave a huge confirmation that santa claus rally may come. And at this point in time, our target is already achieved and let us clap clap clap for the good year.

Let us celebrate 2011 with a big bang filled with good experience in life. 1H was so good that we never looked back and give chance for bears to run along. Until Europe rattled the world. 2012 forecasts may not be bullish. Let us thank God for all the blessings and learnings we had.

Happy Holidays!!!!

We may expect a Xmas Rally to end 2011 12-18-2011

The recent selloff/correction in Europe/US, could lead to a small Xmas Rally. Add up the window dressing and the most linient selloff month, which is December, I have an estimate that, at best, DOW will close 12000-12400 by yearend. At worst 11k. Santa's gift to everyone is NOT to visit 10k-ish for DOW anytime this 2011.

Elliot Wave Analysis suggests that we are currently on the Mini Wave b to Mini Wave c to finish the Primary Bear Market B rally.

In addition, the Mini Wave b to Mini Wave c rally is still in good shape, and our tentative target time to finish Mini Wave c rally, has passed the 0.7 timeframe target which is on the Dec12th. The current pullback on EUR and US behavior is exactly what we are expecting.

Mini Wave c rally composed of 3 waves , we expect almost the same formation as the mini wave a rally last November.

I believe Santa would be nice to Europe and to the world, and mayhem/selloff may be dalayed toas early as Jan 1st week 2012.

.7 = 21 days = Dec 12th (removed)
1.0 = 30 days = Dec 30th
1.618 = 40-45days = Jan 15th 2012

Elliot Wave analysis of the DOW JONES 12-7-2011

Few weeks ago, we had planned the Bear Market Play of the Quarter with 5-12% return. We did confirm an a-b-c bear market rally patterns ending at 12284. And with the current trend, looks like we called it too early.




And upon further investigation on the current chart,looks like the first a-b-c pattern in just 30 short days, might be the letter "a" rally ONLY, and the sharp 9% pull back was the bear market "b" correction of the entire Primary wave B bear market rally.

a,b,c can both be used as:
a rally, b correction, c rally
a correction, b rally, c correction

Now, possibly in weeks or a month time, the wave c rally will ignite to finish the Bear market rally Primary Wave B. To estimate the timetable when we can hit the "c", using the length of "a", here are the timings to get to a range of 12200-12500 to end the "c" pattern.
0.618 = 18 days = Dec 9th (EU Summit)
.7 = 21 days = Dec 12th
1.0 = 30 days = Dec 30th
1.618 = 40-45days = Jan 15th 2012

After the a,b,c of Primary Wave B bear market rally. The next trend could be followed by a possible a,b,c,d,e downward selloff to finish the Primary Wave C bear market downtrend. Will do compute for price targets once we confirmed that it is not yet long term Bull Market.

I am still in bias that the current rallies are just waves of the Primary Wave B Bear Market Rally.Goodluck!