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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Monday, March 18, 2013


The TREND is UP for most things, despite today's drop. Is today's drop the start of more significant correction? Or a bear trap?


Sell support?or BUY support?

Tuesday, March 12, 2013

Commodities ready to make their move?

Commodities may be bottoming

Gold daily

near support
in down trend still but at bottom of channel and horizontal support close by 1550

Gold weekly

Copper daily

testing lower boundary of triangle (see weekly chart)
rebound to 377? 7%

Copper weekly

Silver daily

closer to support
at bottom of down channel
positive divergence RSI price

Tuesday, March 5, 2013

Finally a break out to the upside imminent

Are the markets poised to break higher..finally?
The consolidation has been longer than expected BUT
the downside has been limited
the weak longs are probably shaken out
the bears have been given some hope

so NOW the market may be ready for new highs

FTSE  4 hr chart
A break above 6426 and holding should mean a new high for the FTSE.
and eventually possible all time high


Similar to FTSE long consolidation after rally from November.  Again, despite only giving back max 4% the sentiment has been increasingly bearish.
Next hurdle for DAX is 7865

Euro vs USD

All currencies have been weak vs the USD recently. On the Euro daily chart it looks like some positive divergence creeping in.  Euro may be due for a rally, and conversely the dollar due a fall?


still not getting any love and hatred increasing. 406 next support after that 380
Yesterday finally filled a gap
Despite AAPL falling NDX has been holding well, if/when AAPL rallies NDX has a bull flag target of 2900

Quick look at NDX

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