If the support at 1.015ish is broken, the next target should be the triangle trendline at ~0.97
Monday, October 8, 2012
USD/JPY ~ 8 October 2012
The USD/JPY hit the declining trendline once again last week:
As already said in my last update, as long as we stay below the trendline, I think we could see 76ish.
As already said in my last update, as long as we stay below the trendline, I think we could see 76ish.
Facebook ~ Update ~ 8 October 2012
I rarely post charts about individual stocks but this fractal looks too good not to post it:
The fractal is invalid above the red line. Interestingly, the big decline (in late October) coincides with the earnings.
The fractal is invalid above the red line. Interestingly, the big decline (in late October) coincides with the earnings.
Dow Jones ~ Pre-Market ~ 8 October 2012
The Dow retested its bull market highs on Friday and then reversed hard:
The futures are down at the moment, so the Dow should open around the support level at 13560ish.
If 13520ish holds, I think the correction since Friday will be only very-short term. After that we should rally back to the highs and eventually break it.
If 13520ish breaks though, the correction since mid September is probably still ongoing and we could decline much further. Especially because we might have a double top at 13650ish. But one thing at a time, let's see how the market reacts at 13520/60.
The futures are down at the moment, so the Dow should open around the support level at 13560ish.
If 13520ish holds, I think the correction since Friday will be only very-short term. After that we should rally back to the highs and eventually break it.
If 13520ish breaks though, the correction since mid September is probably still ongoing and we could decline much further. Especially because we might have a double top at 13650ish. But one thing at a time, let's see how the market reacts at 13520/60.
Friday, October 5, 2012
Dow Jones ~ Pre-Market ~ 5 October 2012
The Dow approached the resistance between 13600-50 again:
A break above it should lead to a big move higher. As long as we stay below it, the sideways correction with huge intraday swings should continue.
A break above it should lead to a big move higher. As long as we stay below it, the sideways correction with huge intraday swings should continue.
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