Wed June 8

Originally posted Feb 16, 2011:
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL.

EURGBP short 0.8901

EURGBP begins leg down. Last 0.8901

EURUSD downtrend is confirmed. Last 1.4592

USD rally momentum increases.

Key index weekly charts now give bearish signals – the
correction gathers momentum. Next S&P500 target is 1222
but that won’t hold. Unfortunately the March 2009 lows will
be breached.

EURUSD still indicates it’s topping. Last 1.4661

USDCHF long 0.8368 [c0.8364]
EURUSD short 1.4679

NATGAS has been basing for some time and daily chart is bullish.
Weekly chart is neutral.

Downtrend on key equity indexes strengthens further. Choppy
topping since Feb this year is finishing.

EURGBP short 0.8928 [c0.8931]
EURUSD short 1.4657 [c1.4667]

Advertisements

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

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: