Archive for August, 2010

Mon Aug 30

30 August 2010 - 5:17 pm UTC

As the markets can change rapidly at times – a reminder that
updates can be found here: http://twitter.com/grandsupercycle

The DOW/SP500 counter trend rally that started last Thursday
appears to be ending already. Certainly the bearish larger time
frame trends will continue to influence smaller counter trend rallies.

USDPLN daily and weekly charts give bullish warning.

USDDKK daily and weekly charts give bullish warning.

USDCAD daily and weekly bullish signals continue.

DAX Index daily chart is bearish to neutral. Weekly chart is bearish
to neutral. Monthly chart is neutral but gives bearish long term
warnings.

USDX (US Dollar Index) continues to give very bullish warnings and
the opposite for EURUSD and DOW/SP500 etc.

So I’m still expecting global equity weakness and USD strength.

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Sat Aug 28

28 August 2010 - 5:57 pm UTC


SP500 weekly chart Fri Aug 27 inclusive.
Due to the recent buying support mentioned this week, key weekly
support around 1060 has been respected. Further short term upside
for DOW/SP500 is expected. This rally is counter trend and overall
outlook remains bearish.

Long term charts have been topping and basically going sideways
since early May 2010. This topping process will end and a more
bearish consensus from market participants will result in a more
pronounced downtrend developing.

EURUSD daily chart is neutral to bullish. Weekly chart is neutral.
Monthly chart is neutral to bearish. Opposite applies for US Dollar
Index.

Back in mid 2009 my long term indicators warned of an impending
USD rally and as mentioned previously, they indicate further USD
strength lies ahead.

CRUDE OIL daily chart is bullish to neutral. Weekly chart is neutral.
Monthly chart is neutral.

COPPER daily chart is bullish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish.

Fri Aug 28.

28 August 2010 - 12:02 am UTC

DOW/SP500 240 min bullish charts continue and more counter
trend rally is expected before the overall downtrend resumes.
Daily charts are neutral.

Thurs Aug 26

26 August 2010 - 10:50 pm UTC

DOW/SP500 240 min charts are now bullish. Daily charts are
neutral. Though very choppy, more upside is possible before
the overall downtrend resumes again. Last DOW price 10,066

Various markets still give conflicting directional trend signals.
This will continue until DOW/SP500 downtrend strengthens.

Thurs Aug 26

26 August 2010 - 5:50 am UTC

Choppy currencies continue to give mixed trend signals and
EURUSD / GBPUSD 240 min charts now give bullish warnings.
Daily charts are neutral. Opposite applies for USD index.

Tues Aug 24

24 August 2010 - 9:53 pm UTC

SP500 daily chart Tues Aug 24 mid session indicates head and
shoulders bearish pattern is confirmed. Initial target is approx
1006 (green line)

Mon Aug 23

23 August 2010 - 11:09 pm UTC

USDCAD daily and weekly chart give bullish warnings and more
upside is possible. EURUSD daily chart is now bearish. Opposite
applies for US Dollar Index.

A reminder that updates can also be found here:
http://twitter.com/grandsupercycle

Sun Aug 22

22 August 2010 - 10:21 pm UTC


SP500 daily chart Fri Aug 20 inclusive – showing possible head and
shoulders – this bearish pattern not confirmed yet though. The
indexes continue to be pulled in opposing directions by the buyers
and sellers resulting in choppy sideways action. The overall bearish
outlook has not changed.

EURUSD daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is bearish to neutral. The opposite applies for the
Dollar Index.

CRUDE OIL daily chart is neutral. Weekly chart is neutral. Monthly
chart is neutral to bearish.

COPPER daily chart is neutral. Weekly chart is neutral. Monthly
chart is neutral.

Fri Aug 20

20 August 2010 - 1:20 pm UTC

Currencies are still choppy with mixed trend signals – this should
improve when DOW/SP500 downtrend strengthens.

The further USD strength that my indicators warned of, now signal
USD Index daily chart is bullish so more upside expected.
Weekly chart is neutral.

More updates later when I get time.

Thurs Aug 19

19 August 2010 - 12:23 am UTC

XAUEUR / XAUAUD / XAUUSD 240 min charts are neutral and
choppy daily charts remain bullish.

DOW 10,297 and it seems the main downtrend has resumed.