When a market cannot even retrace 50% it is a sign of weakness.We need a lower low next week to confirm a likely triple top...very bearish looking chart
Sunday, 30 January 2011
OEX
Nice OEX chart from Apart...also check out his Nasdaq chart with 50% retracement
http://www.apartofny.com/
http://www.apartofny.com/
Saturday, 29 January 2011
Ftse retail sector
I posted this a couple of weeks ago.Clear sell signal,broken below the retracement zone,head and shoulder,high at 360.......ugly
Range equality and natural squares
956-666=290 1301-1011= 290 (essentially 2x square of 144) time from l011 low 145 days wedge formed by 2 gann lines broken
Templeton Emerging markets
Since last posting this chart we have a potential double top and piercing of the uptrend line.Looks vulnerable after such a strong run.Marc Faber is predicting a 10% correction in the S&P but 30% in emerhing markets..........
Friday, 28 January 2011
Amazon
Amazon was very weak in the after market following results...this is the chart first posted a couple of weeks ago.Bear cross on weekly macd says more downside to come
Thursday, 27 January 2011
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