As the global financial turmoil is settling down, sort of, it is time to start looking for opportunities on the upside. Meaning looking for trend change pointing upwards. Both the Australian and American markets made bottoms on Friday 10 Oct 08. Since then we had a short-lived rally before the pessimism tightened its grip again [...]
Posts from ‘October, 2008’
Dow Jones anniversary
Although we saw some nice Dow Jones symmetry 12 days ago that could have suggested a positive turn, it kept diving. Since then the Dow made a bottom on the 10 October 08, which was exactly one year since the All Time High (ATH). To be precise the ATH was on 11 October 07, but [...]
Dow Jones symmetry
There is currently some very nice symmetry on the Dow Jones futures chart, in terms of time and price. Looking at history it is evident that markets like to behave symmetrically. Is the Dow Jones about to turn upwards again?
Euro downturn continues
In my previous post about Euro I was looking at a potential directional turn, however the Euro has kept diving since then.
Euro downturn
The Euro has had a sharp downturn the last 10 days. It is interesting looking at the chart symmetry since 21 Aug 08: From the 21 Aug top it went down for 21 days until the low on 11 Sep, and what is interesting is that yesterday’s low was 21 days since 11 Sep.