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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
and european stocks may need to test 2009 low, why not? serious crisis just like 2008-9.
a long call on brent
Sorry for the wrong charts.
S&P 500 Daily from 1 October 2007 to 31 March 2009
http://imageshare.web.id/images/5d6kms34b72lgqu805a.jpg
http://imageshare.web.id/images/98i5kp46h022ysh27pea.jpg
http://imageshare.web.id/images/xt09rvmjey2ii94adqz.jpg
S&P 500 Daily from 25 April 2011 to 30 September 2012
http://imageshare.web.id/images/6snp71xtgtxt27hankf.jpg
http://imageshare.web.id/images/8ow2adkranvonz9hp4o1.jpg
See if they are similar....
Thx.
S&P 500 Daily from 1 October 2007 to 31 March 2009
http://imageshare.web.id/images/jlkysuizjy5jo67689q8.jpg
http://imageshare.web.id/images/oadzo9ge93xyun2n3os2.jpg
S&P 500 Daily from 1 February 2011 to 31 July 2012
http://imageshare.web.id/images/09bfix9jpg7c590x7mhy.jpg
http://imageshare.web.id/images/c8sa22b8s1azsd3dyuqh.jpg
Too good to be true? Any idea?
Will Hong Kong stock market follow?
Thx all.
I prefer to try give useful information in this forum rather than meaningless gut feels or boaster calls. Most of it falls on deaf ears with a lot of ego trips. So nice to be appreciated once in a while:-)
Right now I am bearish since CL broke the trend support today.
If price were to reverse up and take the 103.37 high before making some pattern down on daily t/f I should be looking long for next upside target at 106.30. See if it reacts there and be ready to stop and reverse. No reaction would stay with the trade.
On the downside which I currently favour I am looking for near term targets at 94.80 and/or 93.35 for likely reactions. I don't attemp to forecast too far ahead even though I have a longer term perspective bias. Its more profitable to take one stage at a time.
147.90 - 33.19 ---> retracement topped out at 114.82 and 70.7 fib is at 114.29
114.82 - 74.95 ---> retracement topped out at 103.36 and 70.7 fib is at 103.14
you can't get any closer than that on such long timescales.
Big clap to you.
Would you be looking at a 4H or Daily or Weekly close above 103.14 for a bullish case to retest 114.82 ?
Tia