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Mood!

Tuesday, May 25, 2010

DAX 3 hrs

Everybody starting to get bearish...am looking at 5500/5400 for support and possible LONG entry (if we get there)..alternatively selling 5750 may be the other trade to look for.  Looks like we are in a wave 5 down..so once finished could get a decent upward correction, or if really bullish a push to new highs..

Wednesday, May 19, 2010

DAX head n shoulders?

Looks like a H&S playing out..we have broken the neckline, now need some follow through target 5700..the daily chart shows a possible bullish scenario...


Gold weakness

Gold weaker today...WHY? Simply overbought so some profit taking...looking to buy it on weakness..especially if it gets to 1160 ish..

Target is still 1348 min..

Tuesday, May 18, 2010

Friday, May 14, 2010

EURO L O N G T E R M

Monthly chart of EURO  are we heading for 1.14?  Which also coincides roughly with 61.8 % retracement of the rally from November 2000...


Then it may be the turn of the US dollar to collapse....

Monday, May 10, 2010

DAX 30 mins


Short term look at DAX..expecting volatile few days or even couple of weeks after Thursday's rout in US indices.  Circles show areas of congestion..price at moment looks like breaking out but needs to be confirmed.

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