Melbourne Qindex 23:51 GMT October 1, 2005
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Nikkei-225 (NK,CME) : Heading towards 14000?
The critical point of my monthly charts is positioning at 13903. The distribution profile of my monthly cycle probability chart indicates that the market has a potential to trade between 13292 - 14209 (13292 - 13598 - 13903 - 14209). The market rhythm of my monthly cycle is represented by 306 points. In other words the market will find support or resistance from every 306 points, the reference point is any projected chart point. If the market retreats and penetrates through 13292, it has a chance to go to 12681. Onthe other hand if the market can overcome the projected resistance at 14209, Nikkei-225 has a potential to go all way to 14820.
Nikkei-225 : Monthly Cycle Charts
Melbourne Qindex 08:23 GMT October 1, 2005
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Crude Oil (NYMEX, CL) : Projected resistance 72.44
The frequency number of my monthly cycle projected chart points at 63.64, 65.53 and 67.42 are the same. This would indicate that the market can easily move between 63.64 - 67.42 in a random walk manner. The market is negative if it trades below 61.75. A projected resistant barrier has been established at 71.20 - 73.09 as indicated by the big difference in the frequency number associated with 71.20 and 73.09. A projected resistant point is located at 72.44.
Crude Oil : Monthly Cycle Charts
Melbourne Qindex 06:42 GMT October 1, 2005
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DJIA : Critical Support 10363
The pattern of my monthly cycle charts suggests that the market has a tendency to trade between 10400 - 10713 initially. Speculative selling pressure will increase if it trades below 10363. The market is negative if it is trading below the barrier 10229 - 10243. On the other hand the market is positive if it is trading above 10870.
DJIA : Monthly Cycle Charts
Melbourne Qindex 06:34 GMT October 1, 2005
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DJIA : The pattern of my monthly cycle charts suggests that the market has a tendency to trade between 10400 - 10713 initially. Speculative selling pressure will increase if it trades below 10400. The market is negative if it is trading below 10243. On the other hand the market is positive if it is trading above 10870.
DJIA : Monthly Cycle Charts
Melbourne Qindex 00:25 GMT October 1, 2005
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Hang Seng Index (Hong Kong) : Heading Towards 16000?
As shown in my current monthly cycle charts the market is going to consolidate between 15443 - 15571 for the time being. Speculative selling pressure will increase if it trades below 15300. The market is negative when it is trading below 15053. A projected resistant barrier has been established at 16057 - 16182. If Hang Seng Index can close above 15555 it has a potential to consolidate in the higher range of 15555 - 16057.
Hang Seng Index : Monthly Cycle Charts