EurUsd - Wave C 4 hourly chart : 21/12/12 : 11:49am

Expecting a Wave C down.
8-10candles
= 32to 40hours.

1 - 2 days. Time frame.
Target 1.3100

AudUsd : 11/12/12 15:00hrs update.....descending triangle.

AudUsd : 11/12/12 update daily chart

GbpUsd : Wave C down

My take this morning in GbpUsd is that it's making a C wave down
Wave 3 of various degrees should start soon...if not I am toast....

GBPUsd 4/12/12 : Daily chart....target 1.6240

Now that we establish that GBPUsd is in the longer time frame Up
We go back have a look at the daily chart.

Here we see that wave 1 is complete and wave 2 is complete
Wave 3 is just at the beginning.

Let's target 1.6240........ The previous high and see where we go from there ...

GBPUsD. Play the 5th wave up......3rd wave in progress....

GBPUSD 4Dec2012

EWA : Australian Index

Fwd: DIA & SPY showing similar pattern.... (part 2)

From: Mark 
Date: November 29, 2012 12:19:14 PM GMT+08:00
To: leslie 
Subject: DIA & SPY showing similar pattern.... (part 2)

.....
Continue from previous email

On weekly chart, prices has broken out of the weekly trend channel,
Which I think is the 5th wave.
And the subsequent decline from 148 to 135 is wave A
Current technical wound is Wave B
And the subsequent reversal of B
Will bring about C wave down to 128/120 ??

Fwd: FXY : Yen

Begin forwarded message:

From: Mark
Date: November 29, 2012 12:30:48 PM GMT+08:00
To: leslie
Subject: FXY : Yen

Heyy Leslie,

take a look at this FXY....Yen trust ETF

The 2 charts are FXY, just that the one below has lines drawn

FXA : Aussie Dollar trust : Multi month/qtr down !

FXA : Aussie Dollar trust : Multi month/qtr down !
What goes up must come down
Especially when the reason it went up by is no longer ...

Mines are closing, miners laid off.....
But news black out in it....

Technically :
Volume declined almost the whole 2012
Back to 60-70 levels....??

So if that is the forecast what should we do ?

2014 - when Minjing enters Stage 3 , production stage.

He said the trade balance was likely to remain in deficit until Australia's mining boom switched from stage two to three - from the so called investment stage to the production stage - around 2014.

"Once you see the peak in resource investment you are going to see your imports, particularly capital imports start to decline, which bodes well for the external accounts," he said.

"Then as we enter the final stage of the mining boom and you will see coal, iron ore and LNG exports start to ramp up as output from those mines gather momentum."

A call to buy BHP from my friend, my guru....and my ex-broker...

WA economy faces head winds as Iron prices fell....

http://au.news.yahoo.com/thewest/business/a/-/wa/14740842/wa-economy-faces-second-half-headwinds/

Global Delveraging ! ....so watch out..!

http://www.fool.com/investing/general/2012/08/31/the-big-deleveraging-continues.aspx

Zacks report in the Dow....

Breakthrough for wave 5 run.
Then decline.

BHP correlation to Iron ore prices

China's steel and iron prices keeps falling.....

http://www.alsosprachanalyst.com/markets/chinas-steel-and-iron-ore-prices-refused-to-stop-falling.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AlsoSprachAnalyst+%28Also+sprach+Analyst+%28Main%29%29

Why Apple's Price keeps going up after Steve Job's departure ?

http://www.fool.com/investing/general/2012/08/24/tim-cooks-first-year-as-apple-ceo-so-far-so-good.aspx

Motley Fool : Apple was sitting on a mountain of cash & Steve Jobs didnt want to spend it contrary to even Warren Buffet's advise !

After Steve's departure, his successor, Tim Cook, distribute it via dividend and share buyback...which may account for the price increase and low volume.....

And supposedly, IPhone 5 screen is larger contrary to what Steve wanted....

Silver silver where art thou going ???

Fwd: Dow Jones : further upside... .??

>
> Heyy Leslie,
>
> I am bias towards a major top forming in the major indices....looking at the Dow specifically...
> However it may be months in the making, considering also it's a presidential year in the US...
>
> What is interesting I thot is that the talking heads have changed their view recently as the bullish sentiment persist....
>
> The monthly chart shows a conventional textbook triangle consolidation....my bias is that price action will breakout of the horizontal resistance at 132.... Finish of the 5th wave and form a major top....And it's in line with declining volume/price increase of 5th wave
>
>
> The weekly chart however show the Stochastics reaching o/b levels, so a minor correction may be in the making ....price action I think will stay within the short term upward trend line....
>
> I am bias towards a minor correction in the weeks ahead.....after which price will break out of current resistance and form a major top......after the presidential election, and that will bring us to 2013....as much as Sony production will like their movie's "2012" catastrophe to happen, I think they will be dissappointed....and even the ardent Mayan prophecies fan have changed their tune ....hahahah.....like all practical prophets do..... :)
>
> I am a incurable bear but as long as price action stay with the little upward trend and above the moving averages, and don't fall below 128 or even 130, I think there is still some more upward action.....just becasue maybe stock indices are long divorced from economic reality.... :)
>
> * actually to think about it, the death cross video....I have a funny feeling the death cross will not happen....but the 50ma will actually bounce off the 200ma support....at least for now... :)
>
>

SLV : Is this the beginning or the end ?

SLV on the longer term weekly chart is still under the downward sloping trend line and under the weekly triple moving average band.

On daily chart, there seems to appear the bullish "cup and handle" pattern.

Stochs gradient is steeper than the price action...
Seems to suggest, correct has taken place in a very controlled and mild manner....
Nevertheless a correction is taking place...
Before the downward trend continues....

SLV : Bullish Cup & Handle ?

Australia requires 800,000 workers in 5yrs !

West's cheap source of immigrant labour ending soon .... 2030 latest !

http://e.businessinsider.com/public/969512

China's record buying out of US & Australian companies.....

Xenophobia ?

China buying up US businesses at record pace !
Well actually it's not just USA
But also Australian businesses.

As this article points out its part of correcting the global trade imbalances
That has China sitting on huge pile of trade surplusses.

So this trade trade surplus is funding this record buy outs.
So from trade surplus to foreign ownership !
Well done !

But remember ! Japan owned most if not all of Wakiki.....but the sun sets.....
And China with no sons in sight....the sun might just set.....


http://www.businessinsider.com/jpmorgans-tom-lee-citigroup-economic-surprise-bullish-2012-8?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%202012-08-03

JP Morgan's Tom Lee bullish on Stock Mkt

http://www.businessinsider.com/jpmorgans-tom-lee-citigroup-economic-surprise-bullish-2012-8?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%202012-08-03

Australia's Liberal Party supports Foreign Investments

http://liberalpartyofaustralia.createsend1.com/t/r-l-hkddull-yuuydtci-c/

AudUsd : End Game ??

5 wave Up
3 wave down
C wave in Progress...

How to enter ?

WA new home sales at 4 year high

SLV : Update

UK : govt debt vs GDP spiraling out of control

UK : govt debt vs GDP spiraling out of control

UK : govt debt vs GDP spiraling out of control

Dragging "whatever it takes", drives up the market

Spot Gold & Silver : Moment of truth !

Dow Industrial remain bearish

Dow Industrial remain bearish

SLV : is it strong support ? Will prices trampoline off here ?

Received a sms from a friend to buy silver bars
I told him I will get in at high teens or low 20s
Or jump into the band wagon when it breaks $30

Say circa $28 , is it strong support ?
Will prices bounce off and begin a new uptrend ?
Or a little correction before resume down trend channel ?

Wait and see.

Trend lines is still down and unbroken,
Moving averages are above or should I say
Prices are below moving averages.....

However Stochs is low....but don't be fooled by Stochs....

EWA : Hanging in there !

My bias is Aussie index will fall off $21
Towards $12
In the next 24 months.

Or consolidate in a tight trading range.

Renew Your Mind !

AAPL

FXA : update : Toppish reversal....

EWA : Down Trend Triangle : Bottom target $10 - $12

SLV update : Target $17

SLV update : Target $17
Bottom of Down Trend Channel

Caution : this is a monthly chart !
Might take 6 to 8 candles to realize.....

FMG

FMG : Trading in a range.

Mid point between high and low is $5-$6

Support at $4, Resistance at $7

SLV : Week Ending 30/6/12

Maintaining a bearish intermediate view
But current smaller wave looks pretty extended.
A correction maybe imminent
Further downside paused for the moment.
Prices still below moving averages.
Hovering just below $28 support line.
With Dow possibly making another push
May coincide with the stall for SLV in the down side.

Risk Management :
$32 stop

Stochs/price bullish divergence......

DIA : down trend channel.

Trend channel down.
Unless 127/8 broken on the upside convincingly.

If broken, prices could go down to 116/7

Give it 12 to 16 weekly candles.

Stochs still topping, no reversal...yet
But probably forming a reversal.

Fwd: A take on FXA : Australian Dollar Trust

Subject: A take on FXA : Australian Dollar Trust

Aussie Dollar hovering around 100 again.

Where will it go ?

Will let the market decide.

Few interesting level and the triangle formation

95/97 level is interesting...in the event of a break of the support and neckline
82 maybe the next objective.....

105/107 if broken in the upside will negate this bearish view....

WA oil and gas next boom

Street Authority take on MCD

Markings A-B-C is the bloggers.