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

— Marcus Aurelius


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Wednesday, June 30, 2010

DAX BIG head and shoulders still possible

Here's the chart from March 2010

and here is the one as of today...we are still in that large formation

A break through that red dashed line and all hell breaks loose , until then looks like we are still in that range 5600-6300 approx


Will BP go bust?

Looking at the daily weekly and monthly charts..only the daily is showing some signs of a bottom (some positive divergence). Would be good to see it on the weekly and  monthly as well..one to keep an eye on.  Doubt it will go bust too many vested interests.. (40% of it's shareholders are based in the US, BP probably a large part of most pension funds, UK government will miss it's revenues...just a few)

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