Friday, 14 December 2012

NZD/USD 4HR Technical Analysis Chart - December 14, 2012

Wednesday, 12 December 2012

Baltic Dry Plunges By Over 8% Overnight, Most Since 2008!

It has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as right now - 5 years after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008! Of course, conisdering the collapse in global trade confirmed in past days by both Chinese and US data, this should not come as a surprise, although we are certain it will merely bring out the BDIY apologists who tell us that supply and demand here (like in every other Fed-supported market) are completely uncorrelated.
Source ZeroHedge: http://www.zerohedge.com/news/2012-12-12/baltic-dry-plunges-over-8-overnight-most-2008

NAS100 Weekly Technical Analysis Chart - December 12, 2012

December 12, 2012

December 10, 2012

Ric Spooner: Fibonacci in practice - Educational

Nikkei225 Weekly Technical Analysis Chart - December 12, 2012

NZD/USD Technical Analysis 4hr Chart - December 12, 2012

December 12, 2012

December 06, 2012

Ashraf Laidi: FTSE’s Turn to 6000

If you’re new to this column, then you may not be familiar with our recurring fundamental and technical arguments in favour of the FTSE-100 and our insistence that it will reach the 6000 mark before the end of the year.
The arguments were laid out on November 30 http://www.cityindex.co.uk/market-analysis/market-news/2992772012/299277/, October 25 http://www.cityindex.co.uk/market-analysis/market-news/1253212012/uk-gdp-ftse-racing-to-the-bottom/ and on August 10 http://www.cityindex.co.uk/market-analysis/market-news/52792012/ftse-daily-weekly-monthly/.
Aside from the FTSE-100′s uniquely successful track record in December (rallied in each of the last nine Decembers), the index continues to show robust technicals despite having attained the feat of posting seven consecutive monthly gains.
Both weekly and monthly charts indicate a rate bullish convergence in multi-speed stochastics, while the May 2011 trendline appears on the verge of being broken. Remarkably, despite the seven straight rallying months, the Index has yet to regain its highs for the year attained in March at 5989.
The index is notorious for securing those December gains in the second half of the month. The unavoidable extension of the US Fiscal Cliff into Q2, a successful buyback program in for Greek bonds, the renewal of asset purchases by the Fed and a pro-asset purchases PM in Japan comprise the ingredients for an exogenous rally in the FTSE-100.
The four-week rally appears on its way, finally clawing its way onto the 6,000 level. And if the Golden Cross on the 55-WMA exceeding the 100-WMA is to be heeded, then 6,370 is a realistic target for late Q1.

Monday, 10 December 2012

DOW30 4hr & Daily Technical Analysis Charts.

December 6, 2012

December 7, 2012

December 10, 2012

The Daily Chart below examines the alternative probable count

December 10, 2012

Dates to know!

Silver Weekly Technical Analysis Chart: Welcome on Route 89.

If you have a wave count, it is more likely to be correct if turning points comply with Fibonnaci time intervals.

By examining previous time intervals, I can see that every time price action enters within the 89 fibonnaci timezones & starts dancing with the 55MA like a Rattle-Snake tightening its grip around a prey, Silver prices brace us with big moves up or down, usually using the 55MA as a cushion to consolidate or a launching SUPPORT pad.
For now, I'll be looking at the 55MA for support as it coincides with a trendline & the 89 Fibonnaci time interval.
But however you look at it, Silver is preparing for it's NEXT road trip on Route 89, and it seems like it's going to be a long & slow road frustrating many.... My suggestion, stick to cruising & stop being in a hurry!

Sunday, 9 December 2012

Remember pattern is paramount, Time is confirmatory ONLY!

This post is in response to those who asked for an LIVE example of applying a Technical Analysis Pattern to trading. So here's those 4 FTSE100 cash daily charts as they unfolded. Hope this is helpful!

Chart 1

chart 2

Chart 3

Chart 4

Charts above highlight how recognizing a pattern, is paramount in applying a trading strategy offering us minimum risk/reward ratio entry points.

Saturday, 8 December 2012

Mr. Burns takes a few minutes to explain the upcoming fiscal cliff.

A Pattern Worthy Of Noticing!

This is a chart of the Nikkei225. I've started to notice this pattern of distribution & accumulation (April2004-May2005) starting to appear on the Gold Daily Chart specifically, Silver & somewhat on the NZD/USD charts.
If my observation is CORRECT, then lets move on to the opportunity presented in this pattern, and that would be a STRATEGY, that after the correction is complete, it should present us with a short consolidation period forming another pattern which will offer us a low risk/reward ratio entry point before the next big move.

Nassim Nicholas Taleb Public Lecture at LSE (Audio): How to live in a world we don't understand.

Taleb believes that many of the best and most successful systems in the world (such as evolution) have antifragility at their heart. Conversely, those systems which reject antifragility and suppress volatility (such as modern politics and banking) become weaker and less able to withstand the inevitable shocks – the major tragedy of modernity, according to Taleb. But antifragility is not simply an antidote to “black swan events”. Taleb believes that understanding antifragility makes us less fearful in accepting the role of these events as necessary for history, technology, knowledge and everything.
Recorded on December 05, 2012 http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1680