Thursday, August 14, 2008

PRICE Still Heading Up...But Beware!

My ES SWING Chart above... My ES POSITION Chart above...Looking at the SWING Chart above, PRICE is still heading up as the Higher Highs & Higher Lows dictate. However, with the POSITION Chart in Prime, and pointing down, do watch out for a possible failure, ie. PRIME PPF of Resistance on the SWING Chart, thus putting an end to the Bullish upmove so far.

Monday, August 11, 2008

Big Crack on the EURO's Bull Trend

My EURO Futures POSITION Chart above...It's not pretty but charts don't lie. The huge drop in the EURO Futures in the past week or so, has created a big dent, on it's spectacular Bull Run which started slightly more than a year ago. This Leg 1 of Bull Break has definitely provided a much welcomed relief in the US Dollar's plight, for the longest of time.

Thursday, August 7, 2008

Bear Market Action

My YM POSITION Chart above... My ES POSITION Position Chart above...Hi Guys, sorry for being "away" for the past 3-4 weeks. My day job has really been taking a toll on me and it has been tough, just juggling between updating the blog, and whatever free time I have with the family, and for myself.Anyway, here's the latest update on the market action...For the past 3 weeks, PRICE has been inching