After a very long break I am back and with a bang. I decided to have a look at the Dow Jones chart , and just one word comes to my mind: AMAZING. The DOW is showing green candles after green candles and eight all time high close in a row.Read More
Oct 9, 2016 | gold
This week gold was under the spotlight as the other precious metals. As expected, the price have tested and smashed the lower channel, ; however the slide had a much stronger magnitude as what we forecasted. The area in the 1270’s didn t give much of a support, and gold kept on sliding under the 200 MA and even broke the 1250 level. On Friday then a few buyers took it back over 1250 dollars per ounce. The pressure on gold is still there and I am not a hundred percent sure the price is going up from here....Read More
Oct 9, 2016 | Dax
Before getting the technical, I think it is important to spend a few sentences on Deutsche Bank and its importance for the index. The German bank has lost nearly 50 percent of its face value from the beginning of year closing, for the first time ever, under the 10 euros mark last week. The raise was propelled by a rumor (so an uncorfirmed news) of a cut in the efty 14 billions dollars the Dep of Justice of the USA is asking. This was all it needed for the index to rebound from the 10200 levels to the 10600....Read More
Oct 2, 2016 | gold
Gold missed completely our earlier expectation and starting sliding toward dangerous levels. It broke shortly the trend line before recovering to the 1315 level who provides a good short term support. On the other side bears are starting to get in control and we forecast, in the short term, a further drop to the 0.39 Fibonacci at 1307 which correspond to the support given to the 100 MA. If this support fails, we think that the price will correct up to the buy zone, that we consider safe to open long positions, and where the 200 MA is a...Read More
This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.