Archive for January, 2013

Thurs 31 Jan

31 January 2013 - 2:48 pm UTC

EURGBP daily chart bearish warning from very overbought levels.

PLATINUM daily chart gives bearish warning.

COPPER / GASOLINE / CRUDE daily chart bearish warning has
returned.

DOW 4 hour shows possible H+S pattern & daily chart is extremely
overextended. Unfortunately Wile E Coyote sell off awaits.

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Tues 29 Jan

29 January 2013 - 4:31 pm UTC

USD selling is winning again so more SPX short covering rally…

Mon 28 Jan

28 January 2013 - 9:49 am UTC

DOW & SPX charts still show likely top as of 25 January.

GOLD & SILVER daily chart bearish warning.

CRUDE daily chart bearish warning continues.

Extremely overextended USDJPY, AUDJPY etc daily & weekly
charts bearish warning continues.

Protected: DOW chart shows likely top.

25 January 2013 - 5:48 pm UTC

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Fri 25 Jan

25 January 2013 - 7:15 am UTC

2013-01-17_dow-futs-BS DOW futures mid January 2013

This is what buy support looks like.
Recurring buy support exacerbates market crashes as shorters have
previously closed their unsuccessful trades and may not have new
positions when longs start selling en masse.
The upward support provided to the market when shorters exit their
trades (ie closing their shorts by buying) is thus absent or lessened,
resulting in a more severe market drop.

Thurs 24 Jan

24 January 2013 - 5:21 am UTC

AAPL Parabolic Irrational Exuberance…

As mentioned during 2012, vertical moves for any stock, commodity etc
are unsustainable.

Charts don’t lie.

AAPL monthly chart as of February 5, 2012 & posted February 10, 2012:
http://trader618.com/2012/02/10/aapl-parabolic-irrational-exuberance

AAPL monthly chart as of April 4, 2012 & posted April 9, 2012:
http://trader618.com/2012/04/09/aapl-parabolic-irrational-exuberance-2

Wed 23 Jan

23 January 2013 - 2:10 pm UTC

CRUDE daily chart bearish warning strengthens.

Impending Wile E Coyote sell off is getting close.

Remember: once SPX short covering ceases – the decline will commence.

Tues 22 Jan

22 January 2013 - 3:21 pm UTC

WARNING: more USD selling detected.

As mentioned – central bank intervention prolongs and postpones but
can not oppose natural market forces indefinitely…

NATGAS daily chart gives bearish warning.

The Wile E Coyote equity sell off & USD rally is getting close.

Remember: when equity short covering ceases – the decline will
commence.

Fri 18 Jan

18 January 2013 - 4:42 am UTC

Reminder ~ DOW & SP500 daily charts both show Wile E. Coyote cliff
face & unfortunately the impending crash awaits.

Extremely overextended USDJPY daily chart gives bearish warning.

CRUDE daily chart gives bearish warning.

AUDUSD & NZDUSD risk off warning strengthens.

When there are no more shorts to squeeze, the collapse
can commence…

Thurs 17 Jan

17 January 2013 - 4:09 pm UTC

Another classic SPX short covering spike today.
But XLF (banks) & BAC charts tell the real story…