getting close to trendline resistance on dow...9380 ish..will it hold or will we push through?
Still looks like only 3 waves down..so this could be fourth wave up in progress? Or is the bull back???
Friday, July 24, 2009
The BIG picture ..again...
getting close to trendline resistance on dow...9380 ish..will it hold or will we push through?
Still looks like only 3 waves down..so this could be fourth wave up in progress? Or is the bull back???
Tuesday, July 21, 2009
dollar index..too many bears????
seems like the world is bearish on the dollar....is that a contrarian sign? from 2002 it has fallen approx 40%...and end 2008 broke above descending trend line...is there still life in the dollar?
Friday, July 17, 2009
Thursday, July 16, 2009
Wednesday, July 15, 2009
copper..no decision yet....
Copper no decision yet...broke the up trend..but no follow through as yet...
Sunday, July 12, 2009
S&P 500 monthly
The more i look at the monthly charts..it seems that we are entering a wave 5 down..not an elliott wave expert but learning..
one thing I find is the closer you look the more confusing it is, constantly changing wave counts...
o
Friday, July 10, 2009
dax monthly
looks to me like we have started wave 5 down..whether we make a new low or just test the lows...we shall see...
On the monthly chart it seems so clear...!!
Thursday, July 9, 2009
crude correction finished?
is crude due one more raly..or is the correction of the fall finished? Now heading down to new lows with equities?
Wednesday, July 8, 2009
Tuesday, July 7, 2009
Hot summer...
the last week has been above 42 deg C here..107 deg F..
Still looking at cable..looks to have found a short term top at 1.66, now in a retracement, possible one more move up once this is done...OR..we head straight down from here..
mirroring the equity markets....
the jury is still out on whether this is a "correction" of the rally from march lows...OR if the is the START of the next leg down...
Summer trading most people anticipate as "quiet"...maybe this one will be different..
dow charts...
plus for bulls..
dow still above that down trend channel ...
trading below that will bring the bears back out of hibernation..at least for a move to 7800 maybe 7500
Still looking at cable..looks to have found a short term top at 1.66, now in a retracement, possible one more move up once this is done...OR..we head straight down from here..
mirroring the equity markets....
the jury is still out on whether this is a "correction" of the rally from march lows...OR if the is the START of the next leg down...
Summer trading most people anticipate as "quiet"...maybe this one will be different..
dow charts...
plus for bulls..dow still above that down trend channel ...
trading below that will bring the bears back out of hibernation..at least for a move to 7800 maybe 7500
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