Thursday, 24 October 2013

A rare look at Crude Oil ( CL Z13) $95.80 shows support from long term median line plus is near term CL objective ALL at .618 Fib RT level

                                          and another RL study of CL Z13 showing the same pitchfork
note the .618 Fib RT bang on the centre line objective

Wednesday, 23 October 2013

Gold plus Emini S & P : Schiff median line + reaction lines

Gold seems to have peaked and run out of momentum. My eyes rest on this market  for a further break out and retest above $1350
If you superimpose the reaction/median line matrix over the simple bline and 2 x stochastic template you will see the short stoch ribbons pattern below

ES Z13 below shows a sweet Schiff pitchfork that often can be drawn where no significant low is available. The reaction lines reveal just a fraction of the price matrix.

Wednesday, 16 October 2013

Emini Dow & Emini S & P...confident and assertive price action

15385 on YMZ13 is the target

The ESZ13 is already at the blue centre line at 1714.50

Strong price action and a healthy trend despite the gloom mongers.

Tuesday, 15 October 2013

E mini S & P, USDX, T-Bonds and the Dow

This is critical. A failure to touch the up sloping centre line of the pitchfork seen below could be another brick in the topping formation and at a critical psychological 1700 level. The downsloping black Median Line is to be watched closely people!!

 Cash Dow


Tuesday, 8 October 2013

Emini S & P & Dow & $SPX: This is unbearable, untradable and best left to scalpers....but are we seeing the formation of a lower low?

 I thought i would just explain to everyone outside my subscribers that I am bitterly disappointed with current price behaviour. We can all see that price is in a short term down trend being ground slowly lower but yet still has the ascending  pattern intact. However watching these US makets is almost worse than having a tooth pulled out. I am not going to even start pontificating on the politics behind the current issues which I believe is best left to a domestic US audience. The fact remains that we are still at critical levels as per the chart below and my previous post and as we seem to be unable to make significant progress lower towards the centre line of the down sloping black fork seen in the first two charts.:

Keeping it simple:

Here below Pitch Fork D-E-C shares the same LMLP as A-B-C

Adding the reaction lines and detail:


Monday, 7 October 2013

Emini S & P + E mini Dow continued... Is this a long entry area 1665-1670 ES Z13?

Here is the supporting green UMLP as per previous post

Using our proprietary " FNL" Pitchfork we draw this upsloping blue FNL PF plus its reaction lines. The PF's seen above can also still be seen but as thinner lines.

Now look at a more detailed chart using MT4 showing the .618 Fib level below plus the centre line objective for the downsloping blue PF ( seen below) which is about at 1645.
This current area is critical. A break below this area would mean a retest of 1650. I have no long position yet but either we are going to blow out the ascending pattern and go lower or we hold here. We wait for the opening and the dust to settle.

The irony here is that YMZ13 has reached the centre line of the equivalent downsloping black fork (seen in the chart above as blue).

Friday, 4 October 2013

Emini S & P & Emini Dow.....

Emini S&P

Note the change in median and reaction line location as i drop down in time in each chart for both ES & YM