Archive for April, 2012

Mon April 30

30 April 2012 - 9:25 pm UTC

USDX (US dollar) monthly chart indicates an impending break out.

WARNING ~ Euro & UK stockbears undermine further equity upside.

Realtime updates:

Fri April 27

27 April 2012 - 5:00 am UTC

EQUITY RALLY WARNING looks confirmed.

XAUUSD daily chart uptrend commences.
AUDUSD daily chart uptrend commences.
GBPAUD daily chart bearish warning confirmed & more downside expected.

Shorts beware: AUDUSD 8 hr chart now gives bullish warning.

Sorry bears, you’re definitely not wanted. But don’t worry the crash can’t
be postponed indefinitely.

USD selling & SPX buying returns, thus distorting FX signals again.

Market dislocation increases.
Mixed signals return as Euro Stockbears threaten equity rally.

GBPUSD & AUDUSD intra day bearish warning.
USDCAD intra day bullish warning.

USDX strength returning.

Ongoing USD suppression now results in USDX weekly chart giving bearish
warning and SPX, AUDUSD, Gold etc will benefit.
Short sellers will be burnt yet again, thus ramping the market higher which
eventually will ensure a more violent crash.

Realtime updates:

Tues April 24

24 April 2012 - 12:03 am UTC

AAPL parabolic irrational exuberance…

Mon April 23

23 April 2012 - 11:08 am UTC

Stock Bears are back in control.
SPX daily chart downtrend resumes & opposite for USDX.
Weekly charts of key equity indices remain bearish & sell off awaits.

I still expect precious metals to follow stocks down.

EURUSD intra day gives bearish warning after Friday bounce &
USDX strength & SPX weakness returns.

SPX intra day chop keeps fluctuating.
Larger time frames remain bearish/neutral.
Daily & weekly charts remain overextended and risk of waterfall sell
off continues.

Realtime updates:

Thurs April 19

19 April 2012 - 2:26 pm UTC

SPX 4 hr chart shows possible rising wedge (ie bearish)
Weekly chart remains bearish.

SPX buying returns to burn more shorts.

Usual story: after the SPX upward spike today – the sellers then return.

SPX buying increases, risking another bear attack with resultant short
FX & equity dislocation increases – warning of serious market instability.

Realtime updates:

Wed April 18

19 April 2012 - 12:13 am UTC

AAPL downtrend on daily chart commences.

Tues April 17

17 April 2012 - 9:25 pm UTC

This latest SPX buying & USDX selling should burn lots of shorts giving
another artificial equity spike.

SPX buy support continues as another short covering rally commences.

Mon April 16

16 April 2012 - 11:02 am UTC

GBPCAD daily/weekly/monthly are now bullish so good upside expected.

The impending big move down get closer.
SPX / DOW / NASDAQ weekly chart bearish warning continues.
SPX & DOW weekly charts show bearish megaphone pattern.
DAX daily bearish megaphone confirmed.
DAX weekly bearish megaphone continues.
As noted numerous times, despite the suppression a significant
USD rally is expected.

Realtime updates:

Sat April 14

14 April 2012 - 2:26 pm UTC

The big picture Wile E. Coyote market top.
SPX Monthly April 4 2012
Originally I thought it had topped a couple of months ago.

Fri April 13

13 April 2012 - 1:09 pm UTC

Reminder: DJIA daily chart shows probable head & shoulders pattern
(ie bearish) Weekly chart bearish warning for key equity indices continues.

The market top is shown on SPX daily chart.
Market intervention only results in further chart overextension and ensures
a more extreme reaction and waterfall sell off ie the Wile E. Coyote
scenario. As mentioned, natural market forces can be postponed but never
stopped. The delaying process results in overextended charts and more
volatile crashes.