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 !

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..

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...
>

Beware the headlines !

Down snaps seven months winning streak with worst month in 2 years....

Emotions ! That's what the headline does to you.
It is meant to hurt you and grab your attention
And make you sick in the stomach...

I mean, "worst month in 2yrs" !

It's abit like chicken little....the sky is falling...

The headline is made to make you confuse....
So that you will seek the guru's help

The drop is not, not anticipated....

BHP chart : a lesson not to short

Lesson 1 :
Stochs o/b reverse crossover.....
True it was an end to the wave at marked 1

But it was only a correction, back to the MA lines....

Would have taken a short position here, thinking there would be a deeper reversal....

Lesson : always let the first reversal sign go....

Lesson 2
------------
Double Doji.....reversal signal alert
Would have shorted


Lesson 3
------------
Morning star
Px out of triangular zone
Price/Stochs bearish divergence
Stochs (2nd time o/b)