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Saturday, June 23, 2012

Thursday, June 21, 2012

Gold : more to the downside...

Barring breach of $160 on the upside,
Gold's trend channel is down....

Now at important support level $155-$150

$$130 will be the objective to the downside.
Over 3 to 4 months

$20 movement on $150 entry
About 15% profit....

Risk/Reward : 1:2

EWS : Singapore Index

Trend channel down

Weekly chart....yr end.....9.0

SLV update : still below MA

....high sell volume.....down trend to continue......wave 3 soon !

Tuesday, June 12, 2012

A case for Equities ? Relatively cheap PEs

A case for Equities ? Relatively cheap PEs
Is this the time to accumulate rather than dump ?
If this is indeed the right time to accumulate, is this the right level to ?

Chart wise...wait and see....
Take for example GE....it had been sold down, went up to the support level and now seems to go down again..

Monday, June 11, 2012

SLV : Hanging by a thread.....

>
> Just a quick one on SLV
> . Trend channel is down.....$20 plus minus.....is the bottom....of the channel
> . If $27 breaks on the down side....SLV would get very interesting......
> . If it ever does.....to work itself back up...is going to take a while....
>
> . $32 plus minus $2 is still resistance.....but of it breaks convincingly then we may have a winner on the long....but until then.....channel is down....
>
> Either way....time is on your side to enter to long...
>
>
> Cheers
> Yr friendly neighborhood chartist...
>