Chart reading is very subjective. Even experts seldom agree with each other. There are many approaches to technical analysis that often disagree with one another -- John J Murphy

LOL

I sure hope some experts on this will stand up

and speak for and against over this matter.

However, we must also appreciate people who

post for others to benefit for free . Be graceful

boyikao3      ( Date: 24-Jun-2010 14:22) Posted: Strange. I think this analysis makes perfect sense to me if your educated enough on Ewaves.

From your explanation of E waves, I can see why you may think tat you are no expert in this theory. E waves, unlike wat you said, cannot be drawn "at any point they want" to fit the theory. There is a specific Fibonacci set of rules to follow and to interpret within. You need to practice more.

As for your analysis using MA20 days and MACD, both are lagging trend indicators. Why would you use 2 direction indicators side by side without any momentum indicators to make any forecast is puzzling to me. If I were to use the same indicators u used, I would at least include RSI and stochastic to assist. And they are both telling me that STI MA 20 cross up MA200 with Stochastic in overbought zone, but with RSI barely hitting 50, which means inherent weakness in market internals. I would also be very concerned with market breadth when the cross over happened, to further cement the forecast,  but I dun keep a daily data on advances/decline ratio.  

I'm not an expert in Elliot Wave, but I do know the basics, so I'll try to explain why his analysis is wrong.

You should know that Elliot Wave is just a theory. Unlike other TAs, it cannot be explained by economics or by historical data.

Elliot Wave is drawn by people on the low and high points on the chart and they can draw the waves at any point they want to make it fit their theory. This is why I don't trust Elliot wave analysis.

Elliot Wave moves in 1, 2, 3, 4, 5 up-waves follow by A, B, C down-waves.

He could be right that we are in Wave B. However, he conclude that Wave B has ended and STI is bearish.

But based on my MA 20 and MACD analysis, we are just in the beginning of the Bull Run.

In another word, we are just in the middle of Wave B and not the end, so STI is still Bullish, not Bearish.

I don't know when this Bull is going to end, but I think we may see a fall after World Cup.

If he is to say Bearish then, I would have agree with him.

But now, I don't see any Bear.

Please note, this is my personal opinion only. You invest at your own risk.

I'm not an expert in Elliot Wave, but I do know the basics, so I'll try to explain why his analysis is wrong.

You should know that Elliot Wave is just a theory. Unlike other TAs, it cannot be explained by economics or by historical data.

Elliot Wave is drawn by people on the low and high points on the chart and they can draw the waves at any point they want to make it fit their theory. This is why I don't trust Elliot wave analysis.

Elliot Wave moves in 1, 2, 3, 4, 5 up-waves follow by A, B, C down-waves.

He could be right that we are in Wave B. However, he conclude that Wave B has ended and STI is bearish.

But based on my MA 20 and MACD analysis, we are just in the beginning of the Bull Run.

In another word, we are just in the middle of Wave B and not the end, so STI is still Bullish, not Bearish.

I don't know when this Bull is going to end, but I think we may see a fall after World Cup.

If he is to say Bearish then, I would have agree with him.

But now, I don't see any Bear.

Please note, this is my personal opinion only. You invest at your own risk.

LOL

I sure hope some experts on this will stand up

and speak for and against over this matter.

However, we must also appreciate people who

post for others to benefit for free . Be graceful

boyikao3      ( Date: 24-Jun-2010 14:22) Posted: Strange. I think this analysis makes perfect sense to me if your educated enough on Ewaves.

Another Bullshit Analysis.

You can refer to my past posting on his analysis if you want to know why I say so.

There is no most accurate analysis in the world, the best anyone can give is just 70%.

I'll encourage you to learn about TA as much as you can before you read his analysis.

If you have enough knowledge, you'll see the same things as I see.

I've been in the market long enough to know a nonsense analysis when I see one.

Ya, why do you say so?

Maybe you have a more accurate chart or chun TA?

Pls share!

Another Bullshit Analysis.

breakout ?   not pimples plse.    hahahha!

Another Bullshit Analysis.