Thursday, May 31, 2012

GOLD



We will see how much time the 1500 level can resist.

That´s the level that decide the Future of GOLD.

At least we see Gold Prices above 1800 i will think there are more chances to see lower prices for gold. It can go to 1200 with a stop in the 1300 Level.

I´m more Bearish than Bullish in Gold but i suggest not to take any position until we see the 1800 o prices underneath 1500.

At the end the market will decide the future .......... and we have just to follow.



"The trend is your friend"

FACEBOOK


Do you find any similarity with this chart pattern......???

 Ummm looks quite similar

I think at least Facebokk should go to 31$. At that point we will have to study the next movement.

The break of a downtrend channell will give new energy to the stock, and maybe bulls could take control at take the stock to 34$.

As long as wee see new movements we can find other important levels for the stock.

Yesterday in my twitter I said: "https://twitter.com/ifibo/status/207601900038795265"
"I think between 26.70 and 25 we could the ground. No good idea to find floors in the market,but this is what my fibos say."

As you could see in my chart that was the fist important level to follow.

Lets see in the next days.........

"Will the price is above 27, i will keep thinking some kind of rebound is possible".

Wednesday, May 30, 2012

ECHO Therapeutics

ECHO Therapheutics


I can see it´s close to an important bottown in 1.59. I expect above 2.20 to have a good recovery towards the 2.90$.

The Macd is starting to turn bullish, but it need price to move forward.

A good chance it´s to enter above 2.90, with a stop in 1.58.

Under 1.58$ let´s forget the stock.

Sunday, May 27, 2012

OIL

OIL...... The markets for Shorts need to lose 89?

I think that Oil is also going to lose 89 and 88, level in which there is the 61.8% retractment of Fibonacci.

I think is going to 81. In weekly charts the price have lose the short and the long moving average and the Macd has also a selling signal activated, and moving under 0.


Well see in the next weeks/months. Until price doesn´t move over 100, i will keep think in it´s time for short in oil.

At the market we are just traders, analyst so we have just to follow the market.



BIDU

BIDU-What an extraordinary Rally, maybe its time to be Short.

Important Levels to Follow in case the 110 Level is lose.

Downtrend: 93 - 88 - 70 (point to close Shorts)




There is no point in thinking in long for a mid term position until the price move up 145.


With the weekly Macd selling signal activate, the positicion to be in the market is Short.

Allways we have to go to the market with a Stoploss activated just after we put or order in the market.

Because the market is always right, and we as humans make more mistakes, just we have to protect our earnings and possible errors.

SP500 Long Term

Lets start my Blog with my opinion of the SP500 with a long term chart.


Well, as we can see from 2009, the SP500 Index is Bullish with the normal correcction when the MACD for example turns Bearish in a weekly chart.

Át the end of 200, the Bear structure, finish with the most important structure for chart analyst, Soulder-Head-Shoulder. SP500 have just reach the objetive for that structure.

The Sp500 have move Bullish in a constant upper tendency, with the brown channel as low and high points.

Looks like the SP500 now is beginning a Bearish move, with the Macd selling signal and the price under the MA.

While the SP500 Price doesn´t move up the MA, and the Macd give us a buy point. It´s time for shorts.

I think we are moving downward to the 1.250 level. This the first level to stop the downtrend and buy shorts if we have them.

If 1.250 dosen´t stay then the SP500 will go the low level of the brown channel and the blue Primary tendency Line. This Primary Trend Line (PTL) is important to stand for the whole structure so we can think Bulls can move forward for another move.

If this level dosen´t stay then Shorts will have another golden age.

I think now it´s time for shorts until 1.250 and after longs towards the 1.500 where we can see the end of the Bullish for some time.

Maybe next week we could have some uptrend movement towards 1340-1350. That will be time for shorts again, with a stop in 1380.

Every once in a while i will study if this structure is going on, as i think.

As my first post in this blog, maybe is too long, but its important to aproach the market with a road map, of what is going on and could happen.

There was an error in this gadget