Archive for October, 2012

Wed 31 Oct

31 October 2012 - 11:48 am UTC

USD selling returns yet again.

Wile E. Coyote overdue sell off awaits.

SPX 8 hour chart shows possible H+S pattern.
Daily chart remains bearish.

Previous SPX & EURUSD buy support now being dominated by sellers
as daily charts break down further.

More USD selling & SPX / EURUSD / GOLD buying expected.

Tues 30 Oct

30 October 2012 - 7:41 am UTC

How surprising: USD selling & SPX / EURUSD buying returns today
& more expected.

Mon 29 Oct

29 October 2012 - 12:21 pm UTC

Despite recurring short squeezes – which artificially propels the
market higher and causes further instability – these daily charts
continue to break down:
SPX / CRUDE / COPPER / GOLD / SILVER / EURUSD

Fri 26 Oct

26 October 2012 - 11:15 am UTC

GDP numbers suddenly caused market to reverse… so the SPX
short squeeze Election Rally is back along with substantial USD
selling.
 
WILE E. COYOTE makes an appearance.
The overdue waterfall sell off could be brutal.

Thurs 25 Oct

25 October 2012 - 5:37 am UTC

Conflicted equity / USD / EURUSD markets and lack of consensus gets
worse and worse.Consensus will only return with the overdue Wile
E. Coyote equity sell off and USD rally.

USDJPY bullish daily, weekly & monthly charts warn of substantial rally
ahead.

Recurring EURUSD & SPX support is getting less effective as more &
more bears appear. The overdue waterfall sell off is a No Brainer.

More USD weakness & EURUSD buying is likely over next few days &
this should support stocks [and more short covering] WRONG…

Wed 24 Oct

24 October 2012 - 7:15 am UTC

SPX & EURUSD buy support returns…

NASDAQ daily breaks down further.

Bearish SPX daily chart dominating again with EURUSD weakness & USD
strength.

More USD selling & SPX buying suggests an equity bounce today.
[FALSE SIGNAL & CANCELLED]

Despite recurring squeeze spikes, SPX / CL / HG / GC / HO / RB / PL
daily charts continue to break down.

✔ OBAMA WINS ELECTION

23 October 2012 - 3:14 pm UTC

Follow The Money…

Tues 23 Oct

23 October 2012 - 11:54 am UTC

Despite recurring short squeezes, SPX etc daily charts continue to break
down.

Substantial SPX & EURUSD buy support returns after the sell off.
Rinse & Repeat…

I still expect GOLD & SILVER to fall when equities do.

Despite recurring short squeezes, SPX etc daily charts continue to break
down. DOW 8 hour chart shows possible H+S (bearish pattern)

Mon 22 Oct

22 October 2012 - 5:32 pm UTC

SPX etc daily charts continue to break down.

APPLE WARNING

20 October 2012 - 4:02 am UTC

As mentioned, overextended AAPL weekly & monthly parabolic charts
are at EXTREME levels. This will end in tears and longs will be badly
burnt.