Archive for October, 2011

Mon Oct 31

31 October 2011 - 11:06 am UTC

DOW daily chart megaphone pattern (looks bearish in this context)

 

SP500 downside and USDX upside expected this week.

SP500 480 min chart reverts to bearish.

USDX 480 min chart reverts to bullish/neutral.

SP500 480 min is extremely overextended.

Gold and Silver daily charts revert to bearish/neutral.

USDJPY / GBPJPY very protracted basing continues.
Significant upside expected eventually…

SP500, AUDUSD etc weakness returns.

Previous SP500 and AUDUSD upside targets not valid.

Bullish USD weekly chart continues to exert it’s influence
and according to my analysis this will continue.

USDNOK long 5.5180
XAGUSD short 34.251 [c 34.284]
XAUUSD short 1726.67
XAUUSD long 1723.95 [c 1724.45]
XAUUSD short 1724.37 [c 1725.00]
XAUUSD short 1724.20 [c 1725.60]
EURAUD long 1.3229 [c 1.3223]
XAUUSD long 1721.10 [c 1720.15]
USDCAD short 0.9986 [c 0.9970]
NZDUSD short 0.8200 [c 0.8116]
EURUSD short 1.4199 [c 1.4001]

Fri Oct 28

28 October 2011 - 1:11 am UTC

DAX monthly chart shows recent bullish candle revealing
aggressive short covering rally enclosed within big picture
bearish pattern.

SP500 megaphone wedge daily chart and 1315 – 1330 rally
target ? Despite equity rallies, bullish USD weekly chart
continues to exert it’s influence and will continue to do so.

More mixed signals and further AUDUSD upside is unknown at this
stage.

Due to recent short cover rally SP500 intra day chart is extremely
overextended now.

NZDUSD short 0.8200
EURUSD short 1.4199

Thurs Oct 27

27 October 2011 - 3:57 pm UTC

Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts eventually will ensure a violent reversal of equity uptrend.
Guaranteed.

Stocks bulls reassert control as USD daily chart reverts to bearish
and EURUSD daily reverts to bullish.

Back to my AUDUSD $1.13 target from Oct 24.

SP500 intra chart overextended now.

SP500 Bear vs Bull battle continues.

EURUSD short 1.4199
AUDEUR short 0.7547 [c 0.7548]
AUDJPY short 81.013 [c 81.151]
NZDUSD short 0.8107 [c 0.8121]
GBPAUD short 1.5359 [c 1.5099]

Wed Oct 26

26 October 2011 - 10:31 am UTC

DOW daily chart megaphone wedge reveals unstable market
and a big move ahead.

 

GBPCAD / EURAUD / GBPNZD / GBPAUD – daily bullish bias.

EURAUD / GBPNZD / GBPAUD – more upside expected.

AUDUSD begins leg down.

AUDUSD daily chart shows possible rising wedge – bearish when
confirmed.

EURAUD upleg confirmed.

GBPAUD short 1.5359
GBPAUD long 1.5371 [c 1.5364]
EURAUD long 1.3303 [c 1.3429]

Tues Oct 25

25 October 2011 - 11:22 am UTC

SP500 daily chart megaphone wedge reveals an unstable
market and a big move ahead.

 

GBPNZD USDCAD EURAUD – more upside expected.

Bearish equity larger time frame trends and bullish USD larger time
frame trends are increasingly influential over smaller time frames.
As a result indecisive SP500 / DOW reverses again and bears take
control. SP500 daily megaphone wedge looks confirmed (bearish)

SP500 intra chart bearish warning strengthens.

GBPNZD EURAUD USDCAD bullish signal.

More USD buying.

Gold / Silver daily charts revert to neutral/bearish.

SP500 intra chart gives bearish warning.

Previous EURUSD GBPUSD AUDUSD uptrend weakens and daily chart
reverts to neutral.

Market uncertainty and lack of consensus returns.
EURUSD daily now shows possible rising wedge ? (bearish pattern
when confirmed)

Reminder that USDX (US Dollar index) bullish weekly chart continues
to exert influence over its daily chart which is currently bearish/
neutral.

USD buying returns.

USDCAD long 1.0018 [c 1.0126]
EURAUD long 1.3303
GBPUSD short 1.5985 [c 1.5995]
USDCHF short 0.8805 [c 0.8801]
AUDUSD short 1.0479 [c 1.0463]

Mon Oct 24

24 October 2011 - 12:49 pm UTC

SP500 daily chart is now bullish.

More equity rally is probable as USDX selling pressure is now
substantial. This will support stocks and cause more equity short
covering which may result in another melt up.

During current equity rally AUDUSD target may be $1.13 TBC

Bullish daily charts strengthen – EURUSD GBPUSD AUDUSD

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE
BULLISH WARNINGS WHICH WILL BE BEARISH FOR STOCKS AND
COMMODITIES WHEN USD UPTREND RESUMES.

Gold / Silver daily charts are now neutral/bullish and further
upside possible. Weekly are neutral.

SP500 daily chart – bullish/neutral. Weekly – neutral/bullish.
More equity upside expected.

EURUSD etc. daily charts – bullish/neutral.
USDX daily chart – bearish/neutral.

AUDUSD short 1.0479
USDCHF short 0.8806 cancel
USDCHF short 0.8823 [c 0.8804]
AUDUSD long 1.0396 [c 1.0454]
GBPUSD short 1.5941 [c 1.5946]
GBPUSD short 1.5932 [c 1.5935]
XAGUSD long 31.436 [c 31.658]
XAGUSD short 31.601 [c 31.403]
AUDUSD long 1.0399 [c 1.0416]
USDCHF short 0.8896 [c 0.8849]
GBPUSD short 1.5934 [c 1.5954]

We Are Wall Street

22 October 2011 - 5:58 pm UTC

It’s back…
Could be a good contrarian indicator like it was in April 2010 (ie bullish)
We Are Wall Street

Sat Oct 22

22 October 2011 - 2:54 am UTC

SP500 weekly chart – smaller megaphone wedge looks bullish.

Market consensus became clearer on Friday so back to the original
bullish analysis and SP500 weekly chart reverts to bullish/neutral.
So equity sell off been delayed once again and additonal upside
ahead.

The larger megaphone enclosed by green lines reveals an unstable
market and is bearish. It may result in a giant head and shoulders
forming once possible right hand shoulder is completed. Long term
monthly chart remains bearish.

Fri Oct 21

21 October 2011 - 1:38 pm UTC

NASDAQ 8hr chart with updated megaphone pattern.
 
USDX WEEKLY CHART CONTINUES TO GIVE BULLISH WARNINGS
SO WE KNOW WHAT EVENTUALLY LIES AHEAD.

SP500 weekly chart shows megaphone wedge – probably bullish.

USD sellers and stock/EURUSD bulls dominate once again.

USDCHF daily chart bearish warning strengthens.

USD rally suppressed yet again but it will happen eventually. The
more it’s delayed the more intense the rally will be.

EURAUD / GBPAUD ~ bullish basing and upside expected.

Equity buyers have control again.

EURUSD 8 hour chart looking more bearish atm.

EURUSD sellers return to ensure more chop. Yuk.

MARKET DISLOCATION AND UNCERTAINTY CONTINUES.
Renewed USD selling and EURUSD buying today indicates potential
for further equity strength ? Hopefully this mess will be resolved
by next week…

USDCHF daily now gives bearish warning. Weekly is bullish/neutral.

GBPUSD short 1.5934
USDCHF short 0.8896
GBPUSD short 1.5910 [c 1.5914]
USDHUF long 217.91 [c 218.01]
USDSGD long 1.2784 [c 1.2795]
USDCHF short 0.8875 cancel
EURUSD long 1.3783 [c 1.3779]
USDSGD long 1.2728 [c 1.2795]

Thurs Oct 20

19 October 2011 - 11:59 pm UTC

USD buying keeps getting met with USD selling, suppressing it’s rally.

SP500 diamond pattern confirmed and despite previous mixed
signals, equity downtrend indicates it wants to resume.

USDPLD and USDSGD strengthen and more upside expected.

SP500 8hr chart is now bearish. USD 8hr is bullish/neutral.

SP500 diamond pattern looking confirmed.
 

SP500 1 hr chart with updated diamond formation.
 

SP500 8hr chart is bearish/neutral.

Reverts to USD buying pressure as stock sellers emerge.

USDPLD and USDSGD basing action.

USD selling returns again. Markets continue to vacillate and remain
conflicted.

NASDAQ daily chart with updated megaphone pattern.
This pattern indicates a big move awaits.

 
After further market chop reflecting current uncertainty re Europe,
SP500 480 min chart is bearish/neutral. Daily and weekly are
currently neutral/bearish. The bigger picture remains bearish.

USD bullish weekly chart chart has strengthened further.

Larger time frames tend to have more overall influence over
smaller time frames.

Gold and Silver daily charts continue to break down. Weekly
remains neutral.

 


 
SP500 4 hour chart shows probable diamond formation.

Bullish weekly USD chart indicates diamond formation should be
bearish.

The fact that copper has not participated in recent rally suggests
outlook is not bullish.

Late stock sell off today confirms diamond formation is bearish.

USDSGD long 1.2728
USDSGD long 1.2700 [c 1.2727]
USDPLN long 3.1677 [c 3.2123]
GBPAUD short 1.5369 [c 1.5375]
USDCAD long 1.0172 [c 1.0164]
USDCAD short 1.0206 [c 1.0165]
GBPUSD short 1.5797 [c 1.5725]
GBPNZD long 1.9786 [c 1.9875]