Link from CSI http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6517&searchString=

CHHX look more like a double 3. Well still earlier to say.

Wedge or triangle need at least 5 waves.

Just my view...

Hi pilotfish,

CHHX is probably currently in the process of forming the contracting triangle continuation pattern.

Tat pattern will be void if it breaks below the sloping support line in the next few days.

Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at tat 2nd chart mentioned, it does not look like having 5 waves.

Hi richtan,

Personally I don't think that the entry will appear so soon.

Figure 2 in your link is not a weekly chart. Nevertheless, Hongx doesn't fit the 5 waves contracting triangle. (CSI already fullfil).

For Hongx to move up or down, volume plays an importance role. However, indicators are now unfavourable for the upside move.

Just my view....

richtan      ( Date: 13-Jul-2009 00:11) Posted: Hi pilotfish, Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor for the next few days to see if the pattern is valid. It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line. It could beundergoing  a 3 wave a-b-c correction. richtan      ( Date: 12-Jul-2009 17:37) Posted: My chart analysis below for sharing n exchange pointers. I maybe right or wrong, so dyodd n share your analysis.

Hi pilotfish,

Note my annotations in my chart whereby I stated tat the bullish contracting triangle pattern

will be void if it breaks below the lower sloping support line at 13 cts on close, have to monitor

for the next few days to see if the pattern is valid.

It will be vaild if it bounce up upon touching the lower sloping support line and then later on break above the upper sloping resistance line.

It could beundergoing  a 3 wave a-b-c correction.

richtan      ( Date: 12-Jul-2009 17:37) Posted: My chart analysis below for sharing n exchange pointers. I maybe right or wrong, so dyodd n share your analysis.

Hi bitang,

Thanks for info for the ADX indcator. So it is also indicating a downside for HongX.

However, still find it difficult to understand.

Hi richtan,

Agree that most indicators are lagging. Nevertheless, for Hongx to more up or down volume plays an importance role esp this moment...(half way hanging). On the other hand indicators are against Hongx from moving up...

Just my view

Hi pilotfish,

Dun get wat u mean by "Figure 2 is a weekly chart"

Click on http://www.e-wavecharts.com/elliottwave/elliottwave.htm

Look at the 2nd chart (nothing on the chart indicates tat it is a weekly chart) -  "Couer D Alene Mines (CDE) - Nov 12th 2003",

looks identical to CHHX,

CHHX is probably currently in the process of forming the contracting triangle continuation pattern.

Contracting triangle works on both daily n weekly chart n need not fulfil the 5 wave pattern, take a look at the 2nd chart mentioned above, it does not look like having 5 waves.

Hi Bintang ADX indicator are lagging indicator, dun believe, do a backtrack study n

correlate the price trend with the ADX trend

Hi, Thanks for sharing.

My comment is to look at the indicators. So far MACD, RSI and the Stochastic indicator don't look good. I am not familiar with the other 2 technical indicators. Personally and locically, for Hongx to move up, it need a very high volume. Any rise in price without strong volume may not sustain.

Just my view...

fartist      ( Date: 12-Jul-2009 21:18) Posted: Some of my analysis to share with you guys

Hi richtan

Figure 2 is a weekly chart.

Hongx daily and weekly don't fit to have 5 waves contracting triangle.

Your link remind me about my waves study number of years ago. Recalling bit bt bit now. For CSI. It is not a wedge.

Will post it there later.

Hi pilotfish,

Do a google search on "contracting triangle pattern" and see whether my chart below conforms to it.

I did a google search on it:

http://www.e-wavecharts.com/elliottwave/elliottwave.htm

Look at the 2nd chart "Couer D Alene Mines (CDE) - Nov 12th 2003", looks identical to CHHX.

pilotfish      ( Date: 12-Jul-2009 17:49) Posted: Hi richtan, Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain. "Cut loss" should have been done before mid June. Just my view.... richtan      ( Date: 12-Jul-2009 17:37) Posted: My chart analysis below for sharing n exchange pointers. I maybe right or wrong, so dyodd n share your analysis.

Hi richtan,

Hongx's chart doesn't look good. Indicators getting weak. Any rise in price may not sustain.

"Cut loss" should have been done before mid June.

Just my view....

richtan      ( Date: 12-Jul-2009 17:37) Posted: My chart analysis below for sharing n exchange pointers. I maybe right or wrong, so dyodd n share your analysis.

Hi leongyee,

Many thanks for your support.

But, TA is not infallible n also at times my analysis may be wrong,

thus reason why I post to share n exchange pointers to get other forumers views.

Hi Richtan,

 Those who know TA will know u are right.