InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,304.80
(
0.47%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.59
(
0.20%
)
Bitcoin
61,871.12
(
0.42%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Tuesday, 05/06/2008 10:08:02 PM

Tuesday, May 06, 2008 10:08:02 PM

Post# of 51804
Korean KOSPI - 10 Month Head n Shoulders

This is a really great head and shoulders chart of the Korean Seoul index. The e-waves are also very clear. WAVE 2 (Double zigzag) is ready to rollover. I doubt this is the only market ready to make a major move lower.

Fib time ratio WAVE 1 to 2 is 3
WAVE 2 retraced a fib ratio of 60% of WAVE 1.

There are too many technical indicators pointing to a top and major reversal to be ignored.

http://stockcharts.com/h-sc/ui?s=$KOSPI&p=D&yr=1&mn=6&dy=0&id=p74649979747
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up