Archive for March, 2012

Fri March 30

30 March 2012 - 3:31 pm UTC

Serious FX & equity dislocation today.
Need to wait for SPX to sell off.

USD selling pressure returns yet again: this support stocks.
Gold / Silver / commodities too.



30 March 2012 - 3:27 am UTC

Looks like AAPL has topped at $621.45 on March 28 2012.
If i’m correct this indicates the uptrend has ended and a significant
downtrend will develop.

Thurs March 29

29 March 2012 - 6:00 pm UTC

Protracted overextension ensures significant equity sell off is
guaranteed & it’s getting close.

Reminder: EURUSD bears will be happy as USDX strength is returning &
will become evident once SPX rolls over.

AUDJPY bearish daily chart strengthens and further downside expected.
Daily H&S confirmed.

SPX weekly shows two rising wedges & green megaphone with risk of
waterfall sell off [see Wile E. Coyote charts below]

When DOW / SP500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
Base metals like COPPER etc, CRUDE OIL”

Wed March 28

28 March 2012 - 2:55 am UTC

I still expect gold & silver to follow stocks down.

USDX strength is slowly returning and this will be evident once SPX rolls
over within a week I think. Yes it’s dragged on longer than I expected
but the next equity down leg can not be prevented. Guaranteed.

GBPUSD daily chart shows choppy megaphone – looks bearish.

USDCAD daily chart uptrend continues to develop.

Despite short cover spikes, indices remain very overextended with risk of
waterfall sell off.

Daily chart good trends:

As before, sellers return after SPX short covering rally yesterday.



26 March 2012 - 6:45 pm UTC

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Mon March 26

26 March 2012 - 12:34 pm UTC

EURUSD daily H&S looking invalid now.

Due to substantial SPX buy support, more short covering rally is possible.

Despite bearish daily chart, substantial SPX buy support detected

Gold & Silver indicate where stocks want to go (down)

USDJPY bullish daily & weekly chart dominates pullbacks.

SPX etc daily charts remain bearish and risk of waterfall sell off continues.
Vice versa for USDX.

EURUSD H+S pattern on daily chart continues.

USDCAD daily uptrend continues.

Realtime updates:

Sun March 25

25 March 2012 - 4:12 pm UTC

SPX weekly showing two rising wedges and (green) megaphone with
risk of waterfall sell off.

Sat March 24

24 March 2012 - 3:40 pm UTC

SPX weekly chart with updated rising wedge.

Fri March 23

23 March 2012 - 4:24 pm UTC

Bearish SPX etc daily chart dominates further as bear market
resumes (soon)

The VIX index has been very low for some time. Such complacency
(ie ‘lack of fear’) is a contrarian indicator in my opinion.

USDCAD daily chart commences choppy uptrend.

Recent updates:

Thurs March 22

22 March 2012 - 12:20 pm UTC

SPX daily chart with rising wedge enclosed by substantial megaphone pattern.

Reminder ~ when SPX rolls over, Gold & Silver should too.

SP500 etc daily chart downtrend commencing. Further downside ahead.

Bearish daily & weekly charts:

SP500 etc after protracted overextension, trend continues to break down
and daily is confirmed bearish. Further downside ahead.