Wednesday, March 7, 2012

Parabolic ending?...

Obviously I´m absolutely mad...

Let me explain, I´m expecting this to visit 400$ in the (very near) future.

Just watch 526.29$, as I defend this madness under that!

Over and out...



Another close below 10 days e.m.a.

One should expect a test to the 50 days e.m.a. In the meanwhile, the bulls might try a (final) push up to 1352/5 or even 1361/65.
There are no bear arguments above this last range...



Tuesday, March 6, 2012

Is it the end?

Are the bears ready to prevent the golden cross?

Eurostoxx50 closed just under the 50 and 200 days e.m.averages.

I think the weekly chart is in a bearish environment. With this bias, one should look for rallies on the daily chart, preparing an entry in favour of the tide.
When the move up stalls, its time for action!

Presenting two patterns claiming the end of the rally.





Daily close under 10 days e.m.a.



Yup, its true! We had the 1st close under 10 days e.m.a. since 19/12/2011....
Lets see the bull reaction today!