SPX choppy H&S on daily chart commences [ie bearish]
Posts Tagged ‘Trading’
Thurs 15 Aug
15 August 2013 - 11:53 am UTCWed 14 Aug
14 August 2013 - 5:47 pm UTCEURUSD 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 UTCFTSE 8 hour chart diamond pattern continues.
Tues April 24
24 April 2012 - 12:03 am UTCWed April 18
19 April 2012 - 12:13 am UTCAAPL 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]
THE APPLE TOP
30 March 2012 - 3:27 am UTCLooks 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 UTCEURUSD 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 UTCAUDUSD (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.
