Financial Market Forecast of 10-30-10 and Its Affect on Shanghai Composite Index

With my gratitude to The Ultimate All-Knower

I have been requested to analyse the Asian markets. Well, time cycles, affect all markets across the world. Some react lesser than others in response to the certain time cycles. For example, US markets have been struggling real bad to keep their head above the water, since my time cycle of 11/6. Next time cycle was 11/11. Yesterday, Shanghai Composite Index created an inverted hammer right, after making higher high, at the time cycle of 11/11. Usually a market shall react just like this, as if it was pulled towards the time cycle, by the continuing the previous trend and suddenly reverse on the time cycle date.
 I believe that Shanghai Index is ready for a serious pull back. 


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6 thoughts on “Financial Market Forecast of 10-30-10 and Its Affect on Shanghai Composite Index”

  1. Dear Mr. Syed,

    The strong support in shanghai index has been broken today with a bull trap when it opened this morning. Shall i draw into conclusion that the bullish pattren in shanghai index is fault?

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