Posts Tagged ‘DJIA’

Tues 27 Aug

27 August 2013 - 8:47 am UTC

SPX / DOW / NASDAQ Daily / Weekly / Monthly Charts Continue
To Break Down.

CRUDE OIL short squeeze confirmed…

Warning – Geopolitical events cause buy pressure & conflict with
CRUDE OIL down leg.

REMINDER: DXY weekly & monthly chart bullish warning continues
@ despite rate suppression – USD RALLY awaits.

SPX choppy downtrend on daily chart continues.

SPX / DJIA / NASDAQ daily/weekly/monthly topping process
from extreme levels guarantees Wile E Coyote collapse – and
it’s getting close.


Mon 19 Aug

19 August 2013 - 12:36 pm UTC

MIB & IBEX indices, COPPER, PLATINUM choppy down legs
on daily chart commencing.

SPX choppy downtrend on daily chart continues.
CRUDE OIL downtrend on daily chart commencing.

Thurs 15 Aug

15 August 2013 - 11:53 am UTC


SPX choppy H&S on daily chart commences [ie bearish]

Wed 14 Aug

14 August 2013 - 5:47 pm UTC

EURUSD daily chart downtrend continues [ie bullish USD]

FTSE 8 hour chart bearish diamond pattern continues.

SPX / DJIA / NASDAQ daily/weekly/monthly topping process from
extreme levels guarantees Wile E Coyote collapse.


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

Mon Feb 20

20 February 2012 - 1:19 am UTC

SP500 weekly chart as of Fri Feb 17

Despite mixed signals, FX markets today suggest stock bearish.

Bearish influence from overextended SP500/DOW/NASDAQ remains.

Gold and Silver not participating in bounce today…

Greek hopium stockbulls battle it out with overextended SP500/DOW/NASDAQ.

Additional Greek hopium results in USDX weekly chart giving bearish warnings
again. Naturally this will be market significant for stocks etc and aggressive
short covering spikes may result – maybe up through 1370 ?

NZDUSD diamond pattern from last week confirmed and now morphs into
megaphone wedge.

USDJPY overbought intra day gives bearish warning.

Euro hopium factor aside, SP500 1,363 should be the top.
Europe/Greece remains an unknown variable.

CADJPY short 80.054
EURUSD long 1.3230 [c 1.3261]
USDJPY short 79.501 [c 79.550]
GBPAUD long 1.4743 [c 1.4745]
EURAUD long 1.2258

Sat Nov 6

6 November 2010 - 7:04 pm UTC

S&P500 Index upside target @ 1224 has been met – let’s see if this level marks the end of the upleg.

SP500 Financial Index weekly chart Fri 5 Nov inclusive shows
volatile and indecisive price action on this important index.

EURUSD short 1.4258

Mon Nov 1

1 November 2010 - 7:24 pm UTC

EURUSD short @ 1.3934

Been away from charts again and I see that EURUSD is tracking
sideways. Uncertainty and lack of market consensus dominates
yet again.

DOW/S&P500 etc daily charts remain very overextended.
When you stretch an elastic band too far – what happens ?
Pent up energy is suddenly released (the crash in late 2008 is
a good example)

Sat Oct 2

2 October 2010 - 9:44 pm UTC

The market dislocation continues so far, and QE2 expectations
continue to depress the USDX and hence the EUR, COPPER, CRUDE
strength. However my monthly USDX indicators still give bullish
warnings and the rally is now very overdue. The longer the delay,
the more pronounced the eventual rally will be. The opposite applies

The DOW/SP500 correction was delayed for too long and that’s why
we had the violent waterfall crash in late 2008. It’s a bit like pulling
a large elastic band too far: it always ends in tears.

As I state on the ‘About’ page, the uptrend since March 2009 was a
bear market rally contained within a much larger downtrend. The
longer this (very overextended) rally continues without retracing,
the more the risk of another violent correction.

According to my indicators the March 2009 lows will not hold and
the overdue correction can be delayed but not prevented. The
more it’s put off, the worse it can be when it happens.

And speaking of overdue… a monthly XAUUSD chart will be uploaded

Thurs Sept 23

23 September 2010 - 6:43 pm UTC

Yes, short signals detected yesterday have now increased for
SP500,DOW,NASDAQ,FTSE,DAX futures. Intra day charts are
bearish and daily are neutral. DOW futures last price 10650

Trending well atm: