Posts Tagged ‘Trading’

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.

Thurs 8 Aug

8 August 2013 - 8:13 am UTC

FTSE 8 hour chart diamond pattern continues.

Tues April 24

24 April 2012 - 12:03 am UTC

AAPL parabolic irrational exuberance…

Wed April 18

19 April 2012 - 12:13 am UTC

AAPL downtrend on daily chart commences.

AAPL parabolic irrational exuberance.

9 April 2012 - 11:49 am UTC

AAPL monthly chart as of April 4 2012

AAPL daily, weekly and monthly charts are grossly overextended.
Vertical moves like this for any stock,commodity etc are unsustainable.
The inevitable reversal should be spectacular.
This is not a trade recommendation.
[disclosure: no position held]

AAPL monthly chart as of Feb 5 and originally posted Feb 10


30 March 2012 - 3:27 am UTC

Looks like AAPL has topped at $621.45 on March 28 2012.
If i’m correct this indicates the uptrend has ended and a significant
downtrend will develop.

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

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 16

16 October 2010 - 3:24 pm UTC

AUDUSD (belated) target for this up leg is .9990 – let’s see if i’m
right. Last price .9905

XAUUSD (gold in US dollars) updated monthly chart showing
parabolic move. These patterns can reverse similar to how they
went up.

FTSE weekly chart shows target band for this upleg.
See Oct 7 post for previous chart.