October 16, 2009

HKSE vs STI vs DJI index

Hello all,
a comparison of all above 3 index











The similar of these 3 charts are all started to climb in Mar09 untill now Oct 2009, 7 months rally.
I believe everyone is ecpect it to be retrace but what will be the support line for these markets if it does retrace?
Well, What i can do is to use Fibonacci to forecast the retrace line back to 61.8 %. You can find the 61.8% line in each chart.

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