Coffee weekly candles

Bearish inverted hammer forming ?

 

SPY

this is a really interesting interview with Jim Rickards ...some scary stuff for China bulls....Jim Rogers where are you....help !! My thanks to Etx from dino's CIL for linking it

 http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/29_Jim_Rickards.html

Serco

I read that Neil Woodford had been buying this for his income fund

 

Chart from Ron Walker

 

Ftse

Dow

I am thinking we test the neckline soon then bounce.34 wma should contain any rally,neckline breaks early in the New Year....still the market doesnt always do what I think...lol

 

Sell the rally !

pullback to neckline

 

Dow

This is the Gann fans chart update

ftse250

My Hero

another look at coffee...macd looks very bearish
also watch DI (not shown ) for imminent bear cross.ADX very low,looks ready to turn

Another great interview with Kyle Bass

http://www.zerohedge.com/news/kyle-bass-un-edited-buying-gold-just-buying-put-against-idiocy-political-cycle-its-simple

Dow Fanlines,Support,resistance

Support around 10800 ? Breaking a 3rd fanline is nearly always a big  change of trend indicator

Dow Gann cycles chart

Here is an update on the Gann cycles chart posted on Nov 5 and it turned out to be a good setup. Gann cycles are not a prediction....nobody knows what the market will do next...they provide a window where action can be taken if a reversal occurs...its up to the individual what reversal pattern is the trigger...risk tolerance,time-frame etc. On the daily swing chart we had a triple top...once that was confirmed it was a pretty strong signal to short the market but earlier reversals signals could also have been elected,with close stops.Gann's rule is that fast moves often come off triples and that is what we have seen

we also had a sell signal at the end of October      http://chartramblings.blogspot.com/2011/10/well-we-got-our-sell-signal.html

S&P monthly candles

Monthly close in Sep and open in Oct show support at 1131...

Cocoa

at its simplest chart-reading is about buying the HL's,selling the LH's................

Ftse

Gann Fan...

Coffee

this is the bullish wedge option.Macd gave a bearish cross last session.

SPY

Support and resistance zones (prior highs and lows)

 

Antofagasta

Nice cycle convergence at end of Dec,early Jan...presumably a low ???

 

BP

Gap fill and should be support from lower Gann line.Watch for a higher low.I love it when I see a bottom at 360 ! I also drew a line at 640 another square that was resistance for the high

here is a possible bullish option,the declining wedge,plus we are at natural gann support level,5400.Still we can probably wait for an inverted hammer like the the previous 3 bottoms before getting too excited....

 

NYSE

I posted this chart a few weeks ago,here is an update,with the 50% retracement level marked in

 

Gold in sterling

FTSE250

3rd attempts usually succeed...

 

Gold

Crude

nice chart from Kimble

 

some pivot point levels

RBS

Here is an update on the Royal bank of Scotland bear flag I posted a couple of weeks ago

 

Tesco

....In which Mr Buffet has expressed an interest...

 

SPY - Gap down below support

XLE

Dax support break

I was a bit premature when I said yesterday that the Dax had broken the neckline (Ftse had though)....in fact  I was a day early....apologies

Dollar Index

Looks like a small bull flag

 

Ftse and Dax broke their necklines today

 

James Turk interview with Eric Sprott

Here are 2 charts from Albertarocks.Ron Walker also pointed out that these two indicators had turned bearish

this article has a nice ratio chart for cyclicals vs defensives

 http://money.msn.com/investment-advice/article.aspx?post=9e8bca86-4f70-449d-92e1-3daf7b0837d7