Sat Aug 28


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.

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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