Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


Search This Blog

Friday, January 29, 2010

DAX,,where we may be?

Is the recent fall a correction or start of something bigger..ie the end of the rally?

Looking for current move to bottom around 5400...

Then a rally...new highs or failure?  who knows!!

Wednesday, January 27, 2010


Silver chart above..looks like a short term topping formation with a test of the up trend line on the cards..target around 15.5...should coincide with:  A stronger dollar and B weakening commodities in general..possibly also another LEG down in equity markets...

Thursday, January 21, 2010

Gold correction where to?

Looks like gold is enetring a correctove phase after the big run up, plus recent dollar strength also affecting negatively.  A mild correction would be to 1060 level, maybe even 1030 (horizontal support)...anything larger and may target the break out level between 990 and 976..

Total Pageviews