Again, in relation to my earlier post on DOWI which requires two conditions to be fulfilled, namely, Break of long term uptrend line with CCI moving below 0. Currently both conditions remain intact for SPX!
ever since a break out from 0.90000, this pair has been gaining a lot of strength, but looks like it needs to retrace awhile to catch a breath before continue.
It sounds crazy everytime economy is having bad time, CJ plunge or move in downtrend Especially from 2006-2008, a massive 3 years HS was forming and it broken down hard, really hard NOW another HS appears in front of my eyes .. if the August hammer low was breached.. we go around 70ish P.S. be wary of busted HS below attached a previous prediction of HS while the...
IMHO, i need to see price making another high bar next month and momentum giving me a nice bearish divergence to consider holding a big short position Immediate resistance: the upper downtrend channel line horizontal resistance: ~ 2.0693
3 months ago, i went in Long a bit late, 86.15 after i exited my previous quick short Though DXY currently having the strongest bullish momentum ever.. i need to leave the orgy party NOW as early as possible so that i will not be the last one holding a porn magainze :-), yes NOW as my heart cant take it anymore, i am happy to leave at 92.7 I respect that RED...
This gold bug index really has a silver mirror attached to it at 146.8 The 311.74% increase from 2001 to July 2002 can be projected almost identically by using reflection which resulted in same % of price target hitting around 600 before it collapsed. If the current narrow downtrend channel is valid and price broke below 146.8, the next cluster of support would...
With respect to my long position two months ago, i am out yesterday. Couldn't even try 31.05..
update this pair from my previous 1 month post i am so ready to........Shhhhhh
39-40 is a good long for me, big resistance at 50-55 This is almost applicable to oil related stock!!!
MACD & RSI potential divergence, not comfirm In DMI indicator, +ve Directional index (blue) has confirmed a bearish divergence but -ve Directional index (red) still has not curled up. Hence, i jumped the gun again and short at 84.5, and another one queuing at 86.
There is a potential support region ~ 0.80005 - 0.80459 after doing it in a bigger picture
If you have an open position, please NEVER ignore it or cast it aside like me :-) 51 days ago, i bought call options when price landed on the green channel support. Saw that bullish engulfing the following day.. i presumed that the rest upside should work up itself That was quite silly of me ROFL I knew it went to 110 a couple of days later and i got more...
since the euphoria moment in July 2008, Commodities is in a very bad shape perhaps due to obesity LOL it stages a laboriously come back and as best only manage a Gann 50% retracement, upon rejection, it continue to hug along the upper red channel until it couldnt hold on anymore in June 2014 the next level ~18 is the same level where this commodity make a loud...
Who says buy and hold doesn't work when this stock gives a 535% return for only 8 months? Since Oct 2013, price of MU has catapulted upwards from 5.35 until recent top of 34 And since Jun, it has started its consolidation phase with MACD pointing downwards and price falled out of uptrend channel, retest and rejected yet again. There is a resistance zone lying...
After reporting a better than expected earning, price of Costco accelerate almost touching the channel top again. One weekly chart, it finished as a high spin wave, essentially means that bulls & bears are equally puzzle where the price will go. Immediately, the price might want to break the long term channel top (green), any false breakout that is rejected at...
A brief recap: XLY is consumer discretionary sector = investor shift to luxury but not necessary things = risk appetite increase XLP is consumer staples sector = investor shift to more basic needs = risk appetite decrease (more security) As a recent spat of rally, i have noticed that there is a sector rotation play into XLP. As a result, the ratio XLY/XLP is...