chartramblings: January 2014

Friday, 31 January 2014

The weekly candle is irredeemable now I guess,I suspect a move down to 50% of the range but worth watching the 200 dma (not shown)

edit I changed the initial PF placement on the original chart (thanks to Lunasyko)

best guess is we head down to 9000 area then bounce

This is a pretty convincing chart from Kimble

Thursday, 30 January 2014

Pivots chart (MPG Trader)

Wednesday, 29 January 2014

nasty looking bearish engulfing /twin towers pattern.....can now calculate a measured move from todays high I think

Dow

Blue solid line (Gann 1x1) is very important support

Cocoa

288 (2x144) seems the last hope for a bear count on cocoa. Keep an eye on london contract if it were to break back below 1800 bears could be in business

key resistance at 5/8 level (9531) and 20 dma

Tuesday, 28 January 2014

AAPL

AAPL ...needs to see some more buyers soon to avert a bearish elephant bar on the weekly candles

Monday, 27 January 2014

The Dax - from Oscar Carboni's daily video. Personally I still like the megaphone pattern chart I posted yesterday but Oscar's videos are always a good watch

TSLA

I suspect any move back toward 160 is a buying oppurtunity

http://www.safehaven.com/article/32541/what-blows-up-first-part-3-subprime-countries

So, just as pretty much everyone in the sound money community predicted, tapering will end sooner rather than later when a panicked Fed announces some kind of bigger and better shock-and-awe debt monetization plan. The European Central Bank, which actually shrank its balance sheet in 2013, will reverse course and start monetizing debt on a vast scale. As for Japan, who knows what they can get away with, since their government debt is, as a percentage of GDP, already twice that of the US.

Mish - Deflation

http://globaleconomicanalysis.blogspot.co.uk/2014/01/deflation-will-return-europe-first-then.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Kimble

Silver chart from Breakpoint Trades
http://breakpointtrades.com/market_analysis/legacy.php?nl_id=1885

Lots of great charts on this link

FTSE

Only halfway through the trading day but possible breakaway gap

Time to sell UK Banks ?

I think so.At best we may see more sideways ranging but this is not a pretty chart

PHGP

Gold in sterling looks to be bottoming. I marked in 2 major murrey math levels and would like to see follow-through this week to confirm 75 is now support

Cocoa

we pierced the upper bollinger band so I would expect a reversal here.I put some Gann wheel support levels in

FTSE250

Equal price ranges (and a monthly reversal bar ?)

http://armstrongeconomics.com/2014/01/26/the-paradox-of-the-dollar-the-crash/

Sunday, 26 January 2014

http://solarcycles.net/2014/01/26/stock-market-crash-probable/ John Hampson

Aud

still no sign of a low in fact we got a high below broken support last week
bull points - poss w5 and we have a 3 month decline

http://wavepatterntraders.blogspot.co.uk/2014/01/market-report-dow-crashes-450-in-2-days.html

Elliott wave analysis from Nouf,which also discusses the importance of the yen carry trade

Ftse

Dax

We reversed pretty well in the middle of the resistance zone - I had kinda been thinking it might reach 9900 but still...

Murrey Math :

Dax

the expanding triangle.I marked in a 6 and 8 month cycle convergence area

Nasdaq and the "circle of 360"

Was watching 3600 on Nasdaq and we finally got our reversal signal after 85 weeks, a shooting star weekly candle.We had our 50% move into resistance off half the circle (240) up to completion at 360 (times 10)and time looks to be working on 1/4 of the circle,90 weeks.Interestingly the 90 week cycle will also be 45 weeks from the 270 low which would square time 45 weeks against price 90 points (x10) at 1 x 2. A 5 week correction would also be a "matching wave " with the summer decline

Saturday, 25 January 2014

http://theeconomiccollapseblog.com/archives/who-runs-the-world-solid-proof-that-a-core-group-of-wealthy-elitists-is-pulling-the-strings

http://www.testosteronepit.com/home/2014/1/24/a-teeny-weeny-bit-of-taper-and-look-what-happened.html

GBP

Cable followed through with further selling from my intraday post on Friday and we got a bearish outside day.As mentioned before 1.66 was an important level (1800 off the low) and there were important Gann emblem cycles in January,this could be a significant top.