Melbourne Qindex 03:56 GMT May 28, 2005
Stock Indices : The mid-point reference of the projected weekly cycle 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". It is negative if it is trading below and moving away from the center point. In other words the market has a tendency pulling towards the center of the projected weekly cycle series if it is losing its momentum. The weekly cycle limits are not equal to the expected weekly trading range.
DJIA :
Support / Resistance : 10147 / 10618
Normal Weekly Limits : 9912 - 10853
Center : 10382
Hang Seng :
Support / Resistance : 10147 / 10618
Normal wekly Limits : 12954 - 13981
Center : 13468
All Ords :
Support / Resistance : 3999.4 / 4191.7
Normal Weekly Limits : 3903.3 - 4287.8
Center : 4095.5
Nikkei-225 (NK, CME) :
Support / Resistance : 11065 / 11687
Normal Weekly Limits : 10754 - 11998
Center : 11376
S&P-500 (SP, CME) :
Support / Resistance : 1180.2 / 1230.1
Normal Weekly Limits : 1155.3 - 1255.1
Center : 1205.2
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