Wednesday, April 30, 2008
Possible Interim Top in E-Mini Crude (QM) SWING Chart
My E-mini Crude (QM) SWING Chart above...With PRICE in PRIME Support, and the POSITION Chart pointing down, the expectation would be for PRICE to do a Minor PPF (Failure of Resistance) and for lower PRICEs next week.Having said that, PRICE is still on a Bull TREND, and PRICE is now merely heading down to form PRIME Support, on the SWING Chart above.
Monday, April 28, 2008
ES SWING Chart: PRICE Still On A Uptrend...But Watch For A Potential Bull Break
My ES SWING Chart above...As the distance (in terms of points) between PRIME Support & PRIME Resistance lessens, one can't help but prepare for a possible change in TREND. This is because any lousy data released can easily trigger a down move that can take out last PRIME Support, which currently stands at 1368.00. It really doesn't hurt to bear this in mind...
Friday, April 25, 2008
EURO Futures SWING Chart: A PRICE Top is Forming
My EURO Futures SWING Chart above...PRICE has violated last PRIME Higher Low (HL - or PRIME Support), resulting in Leg 1 of Bull Break. If the resulting challenge of of PRIME Resistance (HH) results in a failure ie. a PRIME Lower High, then a top in the EURO, on my SWING Chart would be in place - It is clearly in line as PRICE on my EURO Futures Position Chart is already pointing down, to
Thursday, April 24, 2008
ES TREND Chart: PRICE still trying to find a bottom.
My ES TREND Chart above...PRICE is clearly trying to find a bottom because on the SWING Chart, PRICE is already in PRIME Support. PRIME Resistance on the SWING Chart was already confirmed by the Leg 2 of Bull Break (PRIME PPF of Resistance) on the TREND Chart above.
Monday, April 21, 2008
HSI Futures SWING Chart: Leg 1 of Bear Break
My HSI Futures SWING Chart...HSI Futures is the last one to achieve Leg 1 of Bear Break...
Sunday, April 20, 2008
SIMSCI SWING Chart: Leg 3 of Bear Break - BULL TREND
My SIMSCI SWING Chart above...PRICE has just made a PRIME Higher High - Leg 3 of Bear Break and this means a BULL TREND is in place. Singapore is leading the charge - amongst the 3 Asian Futures Indexes I track (Nikkei, HSI & Singapore)
Nikkei 225 Futures SWING Chart: Leg 1 of Back Door Bear Break....Another Attempt?
My Nikkei 225 Futures SWING Chart above...As you can see from the above chart, there was an attempt to reverse the Bear TREND in February. However, that failed miserably. We still can't tell, at this juncture, if this attempt will be any different. But with the ES and YM continuing their Bull TREND on their SWING Charts respectively, we might just see the Nikkei succeeding, this time round.
Friday, April 18, 2008
ES SWING Chart: New PRIME Resistance - Bull TREND Intact.
Screen Shot of my ES SWING Chart as of 10:42pm, Singapore Time.
Wednesday, April 16, 2008
PRICE Is Heading Back Up...
My ES SWING Chart above...With the PRIME Higher Low established, PRICE is now heading back up to challenge last PRIME Resistance at 1389.00. With the Bull TREND still intact on the SWING Chart, the expectation is that PRICE will make a new PRIME High, thus creating a new PRIME Resistance (With some caution in mind though...POSITION Chart is still pointing down but if a new PRIME High is created
Friday, April 11, 2008
ES SWING Chart: PRICE Still Trying to Establish a PRIME Higher Low.
My ES SWING Chart above...Well, the GE news killed whatever fight the Bulls were putting up...So instead of a possible change in TREND, in the TREND Chart, PRICE instead has reverted to a Bear TREND. But looking at the above SWING Chart, PRICE is still in a Bull TREND...that is, as long as 1309.50 stays intact.
Thursday, April 10, 2008
EURO Still Needs To Make a PRIME Higher Low, to Continue the Bull TREND...
My EURO Futures Position Chart above...The chart speaks for itself. However, no matter how Bullish, PRICE still needs to head back down to challenge last PRIME Support, to give us a Higher PRIME Low.Sure looks like the EURO will be the favoured currency going forward, in view of the US Dollar's current sad state of affairs...
Wednesday, April 9, 2008
ES TREND Chart: PRICE is still trying to establish the end of Leg 1 of Bull Break
My ES SWING Chart above... My ES TREND Chart above...As you can see, PRICE is still trying to establish Leg 1 of Bull Break, on the TREND Chart. With PRIME Resistance fast approaching, we could possibly invalidate Leg 1 altogether, if PRICE on the SWING Chart is anything to go by. PRICE is already in PRICE, on the SWING Chart, and has technically created a PRIME Higher Low. Thus from here, the
Tuesday, April 8, 2008
Exclusive Interview with Jim Rogers...right here in Singapore.
Came across this interview online at the Money Morning website...and it was done right here in Singapore. Click here to read more of Mr Roger's current views...
Monday, April 7, 2008
More Pain At The Pumps?
Looks like we'll continue to pay more at the pumps...Mini Crude Futures just made a convincing Breakout from a Triangle.Go to my Trading Chart Patterns Blog for more details of the chart...
Wednesday, April 2, 2008
SIMSCI SWING Chart: Leg 1 of Bear Break
My SIMSCI SWING Chart above...Among the 3 Asian markets I monitor closely (namely Nikkei, Hang Seng and STI), Singapore's SIMSCI is the first to create Leg 1 of Bear Break, on the SWING Chart. It was established yesterday, in early morning trade. PRICE has continued higher in current trading and will probably continue to do so for the next 2 days. No failure in sight yet...
No Signs of PRICE Failing...As Yet.
My ES SWING Chart above...With reference to yesterday's POSITION Chart post, PRICE on the SWING Chart still looks good. As you can see, with a 3 Leg Bear Break, followed by a PRIME Higher Low, and PRIME Higher High, PRICE is clearly in a Bull TREND and with no signs of failing...as yet.
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