SIMSCI SWING Chart: Will We See A Bottom Here?

My SIMSCI SWING Chart above... My SIMSCI POSITION Chart above...PRICE is still heading down, and unless we see a failure (PPF) of last PRIME Support (285.70) in this downmove soon, the Bear TREND will just continue...

Alonso Wins Singapore's First F1 Night Race

Fernando Alonso surprised himself, after winning Singapore's First F1 Night Race. Having to start at 15th Position, his race was practically over, but with a series of crashes and pit stop mishaps, the Spaniard zoomed to the finish line, followed by Rosberg, and Hamilton.All in all, the Inaugural Singapore GP proved to be a hit with everyone concerned. For more news and pictures, click here, for

Again, Nothing Has Changed...

My ES SWING Chart above...As per last post on Wednesday, I had expected PRICE to head back to PRIME Resistance but alas, it failed, and it went back down to create a Lower PRIME Support instead. Now, with PRICE already in PRIME Resistance, the expectation of course, is to see another failure (PPF) of last PRIME Resistance at 1282.00. And until that happens, we still have about 40 odd ES points,

Breaking News: Federal Reserve Bails out AIG with $85B Loan

Just out: FED bails out AIG with US$85B Loan. Click here for more details of the news, or to CNN Website.

ES SWING Chart: Bear TREND. PRICE Now Heading Back Up to Challenge PRIME Resistance

My ES SWING Chart above...Other than the ES POSITION Chart having created new PRIME Support, nothing has changed, even with last night's pullback in PRICE. The Bear TREND has been established and for now, PRICE is merely retracing its steps to challenge last PRIME Resistance. Expectation of course, is for PRICE to create a PRIME Lower High.

Lehman Brothers' Failed Talks Causes Big Slump in Pre-Market Activity

My ES TREND Chart above...Price on the ES has taken a hit, after news of the failed talks between Lehman Brothers & Barclays had been made known over the weekend.Last Friday's market action pointed to some more upside(before turning down again) for the ES but with this downward spike, the risks to the down side has increased again, barring any positive news for Lehman's survival.

ES SWING Chart: Bear TREND. Leg 3 of Bull Break just Occurred

My ES SWING Chart above...PRICE just made a PRIME Lower Low - Leg 3 of Bull Break. We are now in a Bear TREND. PRICE is heading down to challenge last PRIME Support of 1200.75, on the POSITION Chart. Look out below!

Indeed, A Sucker's Rally....As Warned Earlier. Down Move Exacerbated by Lehman's Announcements

My ES SWING Chart above...The above screen shot was taken just 3 minutes ago and you can see clearly that Monday's move was clearly to kill both Bulls & Bears. Making a New PRIME Low now, would complete all 3 Legs of the Bull Break, as mentioned in my last post on Monday.

Fannie & Freddie Bailout. A Sucker's Rally? Or A Possible Change in TREND?

My ES SWING Chart above...Well, what do you think? Is it merely a pull back of sorts, or is it the real thing? Unfortunately, looking at the chart above, PRICE is merely telling me that it is retracing what it lost, in the past week. Nothing has seriously changed (from a "Price Action", standpoint). In fact, a failure (PPF) to clear previous PRIME Resistance High of 1303.50, would put this whole

ES POSITION Chart: Heading for a New PRIME Lower Low?

My ES POSITION Chart above...Judging from the PRICE action since Tues, it sure looks inevitable that a New PRIME Support will be created pretty soon. That would simply be in line with the current Bear Market activity we have been witnessing for the last 2 months, after confirming the Bear TREND, on the POSITION Chart.

EURO Futures SWING Chart: Another PRIME Lower Low

My EURO Futures SWING Chart above...It looks like another round of carnage for the EURO. The POSITION Chart is about to turn down again and if that happens, brace yourself for some more downside.Clearly, PRICE is still heading in the direction it is going, until it fails.