Tuesday, November 30, 2010

Brazil, India & Turkey Stock Indices Trend updates

BOVESPA - H&S rolling down pattern points to a rotation below the 200-DMA.

India Nifty 50 Index has a Broadening Top pattern with broken base which points to a target at the 200-DMA.

Turkey 100 Index bearish breakdown of the supporting trendline targets the 200-Day MA.

All charts have oversold reading on the Momentum and RSI technical indicators which might point to a technical bounces however it still means that the prevalent trends are intact and they might accelerate further.

Thursday, November 11, 2010

EUR/USD and PIGS Bond Spreads - Trend Reversal

PIGS Bonds Spreads and rising higher.

EUR/USD Daily chart has the 3 Black Crows pattern suggesting a Trend Reversal is in place - a simple 38.2% Fib retracement target lies at 1.3634.

Thursday, November 4, 2010

AUD & CAD Counter trend plays

AUD/USD & USD/CAD are trending after the QE2 announcement, however I'm buying $ against AUD and CAD as I observe these trend channels that suggest a reversal in price action - from the Top in AUD/USD and off the Bottom for the USD/CAD respectively.


Trend is like a big river - sailing with the flow is easy and pleasant - going against the flow is bold and can be done if one has the strength but when one runs out of energy the river flow takes him down the stream. That's the beauty of natural forces governing our lives and trading as well.

Wednesday, November 3, 2010


Everything we like to learn, find or experience lies within us.

All outward things or ideas are just an illusion, a play of our untamed minds.

Keeping the one, maintaining concentration and being centered all the time brings one a step closer to his true realization.

Forget the delusion that someone know something and you need to learn from somebody.

Just look inwards and learn from the immense source of knowledge and wisdom that is found in the true nature.

Reflect and keep the balance and things get accomplished without the slightest effort.