Posts Tagged ‘support’

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.

By looking at the Dow Jones charts I am getting increasingly bearish. The top in June is standing out more and more as a significant top.

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?

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?

A week ago on 28 Oct 08, the SPI made a low and have had some good up-days since. There are good reasons to believe that the bottom has been reached and the market has turned!

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?

The Euro just broke the 1.4609 support level, after dipping below it the last two trading sessions. It quickly took out the last two sessions’ lows in a dive down. No wonder as the European markets were opening very weak today due to the credit crisis.

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 [...]

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 [...]