We are close to ending the wave B-triangle that has been forming since November 2008. Wave e of the triangle should not break above the top of wave d at 3,186. We might see the triangle resistance-line slightly penetrated before wave e finally is finished. A break below 2,850 will confirm that wave is over and wave C down is under way. Sunday, April 17, 2011
Shanghai Composite - Wave B close to being finished
We are close to ending the wave B-triangle that has been forming since November 2008. Wave e of the triangle should not break above the top of wave d at 3,186. We might see the triangle resistance-line slightly penetrated before wave e finally is finished. A break below 2,850 will confirm that wave is over and wave C down is under way. 
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