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Tuesday, July 17, 2012

Friday, July 13, 2012

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....

Monday, July 9, 2012

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.

Friday, July 6, 2012

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.....

Sunday, July 1, 2012

FMG

FMG : Trading in a range.

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

Support at $4, Resistance at $7