>Apocalypto<
20.03.2012
- Joined
- 2 February 2007
- Posts
- 2,233
- Reactions
- 2
whatever helps you to see the market and profit is the right way for you Whiskers!
Oops, sorry about that confusion. There's the normal Bollinger Band and a couple other MA's and HMA Russian tinkered a bit for different time frames and purposes.
Some are not relevant on the weekly chart as I just converted my daily chart to a weekly to better illustrate the larger picture EW point, and haven't adjusted the 'period' in some accordingly.
Not same info duplicated, more like same info formulated a bit differently. I suppose you could say that collectively it's my attempt at a variation of a rainbow chart.
Well, big picture still looking good. Aught to go south with avengence soon.
Soo...now that its gone nearly 100 pips against you, whats your say from here?
Or were you joking? Post was on April 1st after all.
Yeah, fundamentally I'm still staying with the bigger picture down trend for the time being.
Overall I just get a sense that the US sharemarket probably needs a bit of a correction/spell anytime now, then the money might start flowing back into the US picking up bargains ahead of interest rate rises and a stronger economy.
What down trend is that Whiskers? The AUD is probably the strongest currency around at the moment (& the CAD). Its clearly in an UP trend.
The only AUD pair not breaking out is the AUDUSD because of the recent relative strength of the USD.
Bargains in what?
Still (in big picture) down from last Nov and Jan highs... but as I say the recent bit of a surge is a bit of a worry to my forcast, unless it pans out as an Expanded Flat which would see it retreat to the low 80's with some vigor.
There is stil a bit of MACD divergance and the March low over-lapped the Feb high, which isn't indicative of a strong impulse attempt to go higher soon.
Equities primiarily, by comparrison after a sell-off, as apart from a pure technical correction or spell being due imo, some companies around the world have paid extraudinarily high dividends compared to past years even when making a loss last year.
Whiskers,
you still a seller?
where's your exit point? it's looking like moving up again.
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