hang seng : daily cycle analysis 26/04

  1. 1,248 Posts.
    Melbourne Qindex 01:41 GMT April 26, 2005
    Hang Seng Index : Daily Cycle Limits and Fey Quantized Levels


    13462 - 13600 - 13738 - 13877 - 14015


    A projected supporting level is expected at 13449 - 13458 and a projected resistant level is positioning at 13829 - 13841.


    The mid-point reference of the series is defined as the "Super Magnet" in my system. The market has a strong momentum if it can move away from the "Super Magnet". The primary purpose of this study is to find a general reference of short term direction after localizing the position of "Super Magnet" in the daily cycle. Once the market is trading outside the daily cycle normal limits the odds are high (around 70%) that the market will settle outside the limit at the end of the day. The daily cycle normal limits is not the same as the daily expected trading range and can't be used to set the daily high/low.


    ... 13070* ... 13178* ... // 13287* - 13341 - 13395 - 13449 - [13504]* - 13558 - 13612* - 13666 - 13720* // ... 13829* - ... 13937* ...

 
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