Archive for April, 2013

Tues 30 April

30 April 2013 - 11:23 am UTC

Further DXY selling supports SPX yet again. Rinse & Repeat.

April 14, 2013: ‘Due to mega short squeeze courtesy of
BOJ, USDJPY day, week & month charts show EXTREME
OVEREXTENSION with risk of collapse’

Despite short squeeze spikes, Wile E Coyote equity crash
getting closer as overextended SPX uptrend tops out & breaks
down. Overdue substantial DXY rally continues to be a no brainer.

Mon 29 April

29 April 2013 - 11:41 am UTC

Further short covering rally confirmed.

SPX bears are conflicting with DXY selling pressure once
again.

WARNING – more DXY selling & SPX EURUSD buy support
risks further equity short covering rallies.

Fri 26 April

26 April 2013 - 10:48 am UTC

April 14, 2013: ‘Due to mega short squeeze courtesy of
BOJ, USDJPY day, week & month charts show EXTREME
OVEREXTENSION with risk of collapse’

SPX 8 hour chart shows choppy diamond topping pattern.

Leg down commencing soon.
SPX daily, weekly and monthly charts continue to break down.

Mon 22 April

22 April 2013 - 2:02 pm UTC

Stock shorts burnt to a crisp today.

DOW 8 hour bearish choppy H&S / megaphone in progress
[postponed]

 

2013-04-22_spx-wk1
SPX weekly chart shows monstrous rising wedge destined
for Wile E Coyote collapse.

Thurs 18 April

18 April 2013 - 1:08 pm UTC

NASDAQ breaks key support = another bearish sign. Also
8 hour chart bearish megaphone pattern in progress.

SPX very choppy daily chart still breaking down…

When SP500 daily/weekly/monthly charts simultaneously roll
over soon – bearish consensus will be much stronger.

Wed 17 April

17 April 2013 - 8:19 am UTC

EURUSD & SPX 8 hr charts short signal confirmed as
charts break down further.

EURUSD & SPX 8 hr charts give short signal.

Wile E Coyote crash gets closer as SPX uptrend breaks down
further. It continues to dominate DXY that was overbought.
Overdue substantial DXY rally continues to be a no brainer.

Mon 15 April

15 April 2013 - 10:14 am UTC

Wile E Coyote crash gets closer as SPX uptrend breaks down
further. It continues to dominate DXY that was overbought.
Very overdue substantial DXY rally continues to be a no brainer.

NZDUSD short signal continues & more downside expected.

CRUDE 8 hour chart bearish warning from last week confirmed.
SPX 8 hour chart bearish warning from last week confirmed.
AUDJPY 8 hour chart bearish warning from last week confirmed.
NZDUSD 8 hour chart bearish warning from last week confirmed.

Sun 14 April

14 April 2013 - 6:47 am UTC

Due to mega short squeeze courtesy of BOJ, USDJPY day, week
& month charts show EXTREME OVEREXTENSION with risk of
collapse.
 
As posted since 2 0 1 1 – long term Big Picture is :
UP → USD, various USDXXX currencies, VIX.
DOWN → EURUSD, AUDUSD, NZDUSD, GOLD, SILVER,
CRUDE OIL and base metals such as COPPER.
[equities as well of course]
 
The long term monthly GOLD chart has given bearish topping
warnings for about 2 years. The parabolic rise since around
2001 will crash. All parabolics end in tears.

Fri 12 April

12 April 2013 - 11:40 am UTC

Reminder that when the equity shorters have all been
burnt, the market should collapse as there will be
nothing supporting it…

CRUDE 8 hour chart bearish warning.
SPX 8 hour chart bearish warning from extreme levels
after further squeeze yesterday.
AUDJPY 8 hour chart bearish warning from extreme
overextended levels.
NZDUSD 8 hour chart bearish warning confirmed from extreme
overextended levels.

Wed 10 April

10 April 2013 - 6:19 pm UTC

Reminder that bearish COPPER chart indicates where the market
is headed once equity short squeeze blow off finishes.

Another classic SPX short squeeze today.
Rinse & Repeat.