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My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

9/24/2013

Nikkei broke out

My last input on Nikkei mentioned of positive signs for the index. Today I saw break out.

I saw the last round the making of a triangle. But at the time it has not yet decided where it would be going.

It is different today. Nikkei broke out of the envelop and moved northward! So good news to Japan. In fact the moved started last week and this week is only a continuation.

An additional note on this is that a counter wave is more or less completed if it is only a simple ABC wave.

The objective of this index is 17,655.

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