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#221 farouk

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Posted 25 April 2013 - 03:14 PM

Chart of Dr Copper

Attached File  copper.png   30.29KB   48 downloads

Its has broken down of its  triangle and its in a confirmed correction.

A bounce is expected from oversold oscillators.

Expect more downside soon.


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#222 Argento

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Posted 25 April 2013 - 03:10 PM

Thanks for all the charts and insights farouk!!

 

A

Chart of S&P

attachicon.gifsp.PNG

This is the big pic.

The index is reaching highs of 2000 and 2007 and finding a bit of resistance here.

Even if the market breaks this highs,one needs to be very careful so far as bullish

emotions are concerned.

The MACD histograms(yellow) at the bottom of the chart is confirming a very dangerous

set up.The turq lines shows divergences in 2004/2007 which resulted in a major correction.

From 2010/2013 we see the exact same set up so be very careful with emotional longs.

Whenever that 200dma breaks make sure to take decisive action or be prepared to pay an emotional price.


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"Never never never give up!"



 


 

 
 

 


#223 farouk

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Posted 25 April 2013 - 02:54 PM

Chart of S&P

Attached File  sp.PNG   13.29KB   74 downloads

This is the big pic.

The index is reaching highs of 2000 and 2007 and finding a bit of resistance here.

Even if the market breaks this highs,one needs to be very careful so far as bullish

emotions are concerned.

The MACD histograms(yellow) at the bottom of the chart is confirming a very dangerous

set up.The turq lines shows divergences in 2004/2007 which resulted in a major correction.

From 2010/2013 we see the exact same set up so be very careful with emotional longs.

Whenever that 200dma breaks make sure to take decisive action or be prepared to pay an emotional price.


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#224 farouk

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Posted 25 April 2013 - 11:47 AM

Chart of Top 40

Attached File  40.PNG   21.72KB   97 downloads

Your black downtrendline was breached.......bullish.

Your red line is first resistance.Breached today......bullish.

Your turq lines confirm divergences......bullish.

On the whole a very bullish chart but it needs to break the red and purple MA overhead to become extreamly bullish.Those 50 and 200 MA overhead are now your major resistance.

 


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#225 farouk

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Posted 25 April 2013 - 10:36 AM

Chart of Silver

Attached File  silver.PNG   60.84KB   58 downloads

Your blue line was support that was breached and now becomes resistance.

The next support is your red line which is her next target and it will be reached.


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#226 farouk

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Posted 25 April 2013 - 10:35 AM

Chart of Silver

Attached File  silver.PNG   60.84KB   58 downloads

Your blue line was support that was breached and now becomes resistance.

The next support is your red line which is her next target and it will be reached.


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#227 farouk

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Posted 25 April 2013 - 10:22 AM

Charts of Gold

Attached File  gold.PNG   47.44KB   94 downloads

Gold is in free fall.The oscillators are just rewindind for a greater fall.

Keep an eye on the breached line for resistance.I have a target of $500/$700 in the next 2 years.

 

Orca

I was busy on a religious forum trying to convince atheist that they did not evolve from Apes.

Believe me its not an easy task because these monkeys are just thick upstairs.


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#228 orca

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Posted 24 April 2013 - 06:57 PM

Whered you go? Gone long time and no charts. Explain yourself please so we can rap you on your knuckles.


Edited by Orca, 24 April 2013 - 06:59 PM.

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I started here with nothing and still have most of it left.


#229 ykhan

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Posted 24 April 2013 - 04:31 PM

and id welcome you back. gold is where you left it too ;-)


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#230 farouk

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Posted 24 April 2013 - 03:51 PM

Chart of FTSE

Attached File  rtsi.PNG   47.02KB   90 downloads

A closer look.If top black line breaks then she becomes extreamly bullish.

 


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#231 farouk

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Posted 24 April 2013 - 03:38 PM

Chart of FTSE

Attached File  rtsi.PNG   56.57KB   94 downloads

She is looking very bullish.


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