Monday, 30 July 2012
Sunday, 29 July 2012
This article is as interesting for the comments as for the article itself. Jim O'Neill works for Goldman Sachs so how objective is he,as reasonable as his argument sounds,in proposing Germany takes on more debt to solve a problem of too much debt ? Bring on Nigel Farage !
http://www.telegraph.co.uk/finance/financialcrisis/9434445/Germany-must-decide-if-it-really-wants-to-save-the-euro.html
http://www.telegraph.co.uk/finance/financialcrisis/9434445/Germany-must-decide-if-it-really-wants-to-save-the-euro.html
TLT
some are calling a top in bonds and we got a nice bearish engulfing candle on the weekly.However this could be just a pullback to the strongly rising 50 dma and I wouldn't rush to call top on this yet.If it is a top it was 4 months off the low in March but 6 months would give a top in September.At least wait for a clean break of he 50 dma to be on the safe side
Saturday, 28 July 2012
well right after I posted the hourly chart by Ron the market spiked higher and took out a lot of stops ! Am a bit dismayed that we took out the high on our Gann cycle date on July 5th.
Sqwii has been nailing this market recently and I think his post is well worth a look .I am thinking along the same lines.We declined 44 td on the first leg and Friday was 82 so worth keeping an eye on the 89-90 td count from the high
http://sqwiitrader.com/market-view-for-30th-july-2012-markets-about-to-fall-off-a-cliff-next/
Sqwii has been nailing this market recently and I think his post is well worth a look .I am thinking along the same lines.We declined 44 td on the first leg and Friday was 82 so worth keeping an eye on the 89-90 td count from the high
http://sqwiitrader.com/market-view-for-30th-july-2012-markets-about-to-fall-off-a-cliff-next/
Friday, 27 July 2012
Thursday, 26 July 2012
Wednesday, 25 July 2012
Tuesday, 24 July 2012
Sq of 144 SPY
OK so we tested the high from our cycle day and broke back below the 1x1.Key level seems to have been 137.25. This is 5/8 line in the final eigth of the square (126-144)
Equilibrium is normally 3/8 to 5/8 lines (or for fibonacci types a market likes to find equilibrium between 38.2% and 61.8% retracements) .So,taking 126 to 144 which is 7/8 to 8/8 of 144 we can say that a break out of the 132.75 and 137.25 levels should be the key to the next trend move.
Equilibrium is normally 3/8 to 5/8 lines (or for fibonacci types a market likes to find equilibrium between 38.2% and 61.8% retracements) .So,taking 126 to 144 which is 7/8 to 8/8 of 144 we can say that a break out of the 132.75 and 137.25 levels should be the key to the next trend move.
AAPL
Who knows whether AAPL beats estimates or not tonight,I wouldn't like to gamble either way but the chart looks vulnerable here.I put some Murrey math levels on and 625 looks pretty key.Broke the 13 dma,macd crossover to bearish
Nov low to July high 8 months (Gann 240)
April high to July high 3 months (Gann 90)
Nov low to July high 8 months (Gann 240)
April high to July high 3 months (Gann 90)
Monday, 23 July 2012
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