I have not updated the blog for a while, due to a number of reasons including that I have moved to the opposite side of the world… Since the bottom was reached one year ago the markets have rallied significantly until January 2010. Some people think this has been a Bear market rally and that [...]
Posts Tagged ‘resistance’
Euro resistance
Early this month the Euro made a new high against the US Dollar. But the top had some significance to it, i.e. it the market had a rather significant reaction that was a great short opportunity. In this post I address how this could have been traded for a 150+ points profit.
Dow Jones sideways pattern
Since the major rally that we experience from the March 09 low the Dow Jones index has been trading in two sideways ranges. Yesterday (15 June 09) it traded sharply lower to the downside of the current trading range. Will the support hold?
Euro movements
The Euro has been rising steadily since the April 09 low. It made a top on 3 Jun 09, will this top hold for a while?
Soybeans rally
On 17 Dec 08 Soybeans made a double top just below a significant resistance level. The following two days were inside days where the market was “deciding” on where to go – up or down.
SPI resistances
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 [...]
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 resistance & support levels
In the last 4 trading sessions the Euro has not closed below a support level at about 1.4609. The last two sessions it dipped below, but closed above, clearly testing the level. The same level acted as support in August as well as late last year and early this year. In February it was sitting [...]
Euro trend turn
On 11 Sep 08 the Euro repeated a down range from late 04 to late 05. Ranges like to repeat themselves so this in itself is a good indication that the downtrend has turned. Further to the range repetition the low on 11 Sep 08 is exactly the same as the July 07 high (support/resistance [...]