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#101 farouk

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Posted 07 May 2013 - 07:17 AM

Charts of Gold

attachicon.gifgold.PNG

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.

I have made a call Gold @$500 to$700 in the next 2 years.

Are there any member on this forum that doubt my call?


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#102 farouk

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Posted 06 May 2013 - 09:08 AM

Chart of Dr Copper

Attached File  dr copper weekly.PNG   65.14KB   54 downloads

This is a weekly chart and a very important chart indeed.

If she breaks out of that triangle on the downside then prepare for a jolly ride.

The oscillators are oversold so expect a bounce.

Its my opinion that if the triangle cracks then we will head for that next major correction.

 


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#103 farouk

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Posted 30 April 2013 - 03:24 PM

 Thank you for the great charts and insights Farouk.

Quick question. If the FTSE and JSE are looking bullish and the S&P500 not so great then are we possibly seeing the early stages of a recovery in resources. My logic is that a recovery in resources will be bullish for the FTSE and JSE but will have a much smaller impact on the S&P500 or Dow.

Thank you in advance for your advice. 

Ramo

Note i have put up a Eur/Usd chart and if that chart plays accordingly then Dollar strength will lead to weaker resource prices.

Also keep in mind if S&P goes in a correction then we going futher down as well.Another chart to follow for resources is the Shanghai Index.

Will post that chart in the next few days.


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#104 Ramo

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Posted 30 April 2013 - 01:25 PM

 Thank you for the great charts and insights Farouk.

Quick question. If the FTSE and JSE are looking bullish and the S&P500 not so great then are we possibly seeing the early stages of a recovery in resources. My logic is that a recovery in resources will be bullish for the FTSE and JSE but will have a much smaller impact on the S&P500 or Dow.

Thank you in advance for your advice.

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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#105 farouk

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Posted 30 April 2013 - 12:07 PM

Chart of Eur/Usd

Attached File  eurusd.PNG   25.01KB   43 downloads

Head and Shoulders forming.

Target if neckline breaks.....$1.17 minimum.


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#106 farouk

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Posted 29 April 2013 - 10:26 AM

Chart of CRB Index

Attached File  crb.PNG   49.44KB   57 downloads

She is inside a triangle.Note a weekly chart and whichever

way she breaks out will be a big move.


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#107 farouk

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Posted 26 April 2013 - 03:12 PM

Chart of Crude oil

Attached File  crude oil.png   16.96KB   52 downloads

Oil followers this one for you.

This is weekly chart.If 300dma gives way on a closing price

then expect a minimum $60.


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#108 farouk

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Posted 26 April 2013 - 02:47 PM

Thanks farouk, for noobs like me, what will happen if it breaks the white line in upward trend.

Jadeb

That will be bullish but it will still have a lot of heat winds overhead.


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#109 dalgetty

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Posted 26 April 2013 - 12:25 PM

Where you been?

WELCOME BACK!

 

JOSHUA (BOERE SEUN) :)  :D


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#110 jaDEB

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Posted 26 April 2013 - 11:38 AM

Thanks farouk, for noobs like me, what will happen if it breaks the white line in upward trend.


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jaDEB

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#111 farouk

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Posted 26 April 2013 - 11:20 AM

Update on Gold Chart

Attached File  gold 1.PNG   20.99KB   74 downloads

Resistance on the broken line.


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#112 farouk

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Posted 26 April 2013 - 10:31 AM

Chart of BPNYA

Attached File  nya1.PNG   34.7KB   33 downloads

Compare both charts.Every year between March/April the index

makes new highs but the bullishness starts to wane.

Prepare for the worst....the Dollar man is coming.

 


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#113 farouk

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Posted 26 April 2013 - 10:28 AM

Chart of NYA

Attached File  nya.PNG   33.25KB   26 downloads

Compare this chart with chart below.


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#114 farouk

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Posted 26 April 2013 - 09:57 AM

Chart of DJW

DJW....Dow Jones World Index

Attached File  djw.PNG   42.49KB   38 downloads

Divergence......


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#115 farouk

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Posted 26 April 2013 - 09:26 AM

Chart of Vix

Attached File  vvv.PNG   46.09KB   36 downloads

The MACD is diverging again.

Keep an eye on the MACD.


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#116 farouk

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Posted 26 April 2013 - 09:18 AM

Chart of VIX

Attached File  vvv.PNG   58.57KB   41 downloads

In the past we see Macd and index divergences which resulted

in fear increasing.

Lets have a closer look at this chart.


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#117 Ninja

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Posted 26 April 2013 - 08:30 AM

US, SWISS, JAPAN and many other markets showing huge top formations... coupled with time of the year it is, your regular short term indicators on stocks don't mean much given the volatility. In essence the BIG KLAP is coming soon. look at longer term charts data before entering any longer term longs


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#118 AJS

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Posted 26 April 2013 - 06:53 AM

Howzit farouk! Welcome back!  ;)


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"Trade what you see, not what you think"

#119 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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#120 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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