Dow Jones and GLD (Nov 23, 2009)

I am going to focus on the Dow Jones Industrial Average the charts are easier to analyse...SPX is a very big index and overhead resistance proves to be quite heavy...not sure if there are any benefits in trading it.

In the near term, I see the Dow moving towards 10552 - 10600.




I am also looking and GLD which I think still have a lot of potential upside. GLD has never reached this high in history, so there is no overhead resistance to be see....it can go as high as long as there is demand.... At the moment 114.28 is the projected target if we use fibonacci projection.

Euro (Nov 21, 2009)

Does this look bullish or bearish to you?

EURO (Nov 18, 2009)

A triangle is in play for the Euro, if it does not break out above....trading range could be tight while awaiting a retest of the bottom support line again

EURO (Nov 8, 2009)

Euro has formed a Head and Shoulders pattern on the 60 min.
On the daily chart, its is still above 50 EMA...so the uptrend is still intact.

Not sure about you guys, but Head and Shoulders to me is just a guide for projecting the target...nothing more...

The Euro has to break the necklines which can be at so many places....so taking it one thing at a time

ES Target (Nov 17, 2009)

Morning folks, we could see another push towards ES 1125 before any meaningful pullbacks. So i will be very cautious not get into any short positions before I see some confirmation of a tradable correction.

AKS, X (Nov 05, 2009)

I am paying close attention to these steel names for their clearer wave patterns.

Should the US decide to have a second stimulus package or a mark recovery in the automotive sector...these names will benefit from that.

On the other hand, there is ample opportunity on the downside as well...

EURO - No trend change in sight (Nov 3, 2009)

For those of you who are optimistic about the EURO, be careful with your bullish biases.





Updated Chart 10.51 am

Annas MA bull call spread