KrunchieKilleen

KrunchieKilleen

The pink trend lines are my original depiction of the uptrend. The green arrow shows my original prediction of an upswing. The pink oval area shows how the graph dropped further than I envisaged, with the consequent redrawing of the trend lines (blue) and the blue arrow showing my revised prediction of the upswing. The graph bounced off my blue Resistance Line and...

KrunchieKilleen

The chart shows the Dow Industrial Index to be at a peak. Wall Street Journal gives the P/E of Dow Industrials (Current price over earnings for 2016) at 21.44. Nasdaq and S&P are even more extended, at 25, and Dow Utility at 28. Meanwhile DAX is around 18. Pressure will now be on the American indexes to plunge towards a P/E of 18 (but based on estimated earnings...

KrunchieKilleen

My original prediction of an uptrend for ALIBABA (red trend lines and green arrow) was a bit out, so I have re-drawn the lines, showing a somewhat gentler upslope, but I expect a little hesitation over the next few days

KrunchieKilleen

Patterns repeat. Share prices have hit a zenith and the next movement will be down.

KrunchieKilleen Updated 

This week ALIBABA must break through either the Resistance Line of the downswing or the Support Line of the uptrend. I guess the Support Line will hold and the next swing is upwards. It could be an upswing of 205, if the green trend arrow is followed.

KrunchieKilleen

The curved line I first drew 3 months' ago still holds, despite a near break-out on Friday last. Downtrend not yet evident, perhaps imminent. Watch to see if Resistance Line R is breached this week.

KrunchieKilleen

While many of the leading Irish companies in the EIRL basket have an international footprint, the upward slope of the ETF from 2012 to June 2016 (if we leave out the excessive exuberance of 2014) closely matches the growth of the Irish economy in that period. Anxiety over the BREXIT referendum flattened the top of the chart in the months leading up to the...

KrunchieKilleen Updated 

I reckon a Clinton victory in tomorrow's presedential election will boost the NASDAQ 100 and bring it through the Resistance Line, but a Trump victory will cause it to bounce back down. Meannwhile, share prices have been held in restraint for a whole year by the anticipation of FED rate increases. It is now clear that restoring normal interest rates will take...

KrunchieKilleen

The chart maps the progress of DOWI (The Dow Jones Industrial Average Index, blue) against US GDP (green) and National Debt (red) over the last 5 presedential terms. Economic growth was steady under Reagan and the first Bush and accelerated under Clinton, but with "irrational exuberance" in the stock market. The second Bush saw the collapse of the Dot-Com boom and...

KrunchieKilleen

I reckon the top has been hit and the downtrend begun.

KrunchieKilleen

The trend-lines in the NASDAQ 100 are still upwards, but i believe we are now seeing the top of the Parabola. the present upswing, I guess, will not go above the previous high, and indicate the beginning of a downtrend.

KrunchieKilleen

At the end of 2015, GBP soared to €1.42, on the back of better economic performance than Europe. This was too high for Britain's terms of trade, and Bank of England welcomed the fall in value of Sterling as the date of the Brexit Referendum approached. Of course, it was thought that Britain would vote to remain and that the pound would bounce back. Now sterling...

KrunchieKilleen

I consider the normal range for the US dollar to be the area shown by the green box. What keeps it at a high level within this range is doubt about the strength of the world economy, which encourages people to hold dollars. A current factor preventing its fall towards the bottom of the range is the prospect of an early rise in American interest rates, while other...

KrunchieKilleen

The NASDAQ 100 has been rising since 2009 and is now at the top of the range of its uptrend. The graph looks like it might break out of this range, but fear of a fairly imminent FED interest rate rise should keep share prices in check. I guess that, instead of breaking out, it will tumble towards the bottom of the range.

KrunchieKilleen

The top of the NASDAQ curve has flattened off, making it doubtful if it is going to rise any further. Perhaps share prices will ease back in anticipation of a FED rate rise later in the year. I expect a downswing now and wait to see if it will be big enough to drag the index into a down-trend.

KrunchieKilleen

The Euro is wedged in between a flat Resistance Line and a mildly rising Support Line. It is likely to dip back to the Support Line now, but what will happen next? It must break through either the Support or the Resistance in the not too distant future. Perhaps the imminent rise in FED interest rate (which punters apparently expect by December) will be enough to...

KrunchieKilleen

Nasdaq strikes a stable uptrend, only mildly threatened by a FED rate hike. Expect a flat top till it hits the bottom of the green Current Range.

KrunchieKilleen

Great Britain has not left the EU. No changes have been made to the treaties, and when the changes are eventually negotiated, very little in the way of trading arrangements will be altered. However, after the referendum went the wrong way, British and European leaders hopped around like headless chickens, and capitalists pulled massive amounts out of the British...