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
This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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