2010-06-30

SPX chart


This chart is from Jesse blog.
I can see parallel channel here and if the channel is not broken, we may expect huge rally.

2010-06-29

Readings

This time, links not work.
Please copy paste the links into your browser :-)

Dow-Gold ratio - Big picture
http://feedproxy.google.com/~r/BiiwiicomNotes/~3/Sn3qGKNROG8/dow-gold-ratio-big-picture.html

Confirmation of the Euro trend reversal?
http://feedproxy.google.com/~r/RealityLenses/~3/vrwPTVlGY0Q/confirmation-of-euro-trend-reversal.html

Hourly Action In Gold From Trader Dan
http://jsmineset.com/2010/06/28/hourly-action-in-gold-from-trader-dan-294/

Silver is top pick for commodities guru Jim Rogers
http://www.arabianmoney.net/gold-silver/2010/06/29/silver-is-top-pick-for-commodities-guru-jim-rogers/
video

Oil spill video from NASA
http://www.youtube.com/watch?v=JfOinnQeHIY&feature=player_embedded
video

Gold update.

Gold is @ the support now - $1,233. If support not hold, will go some more down to ~$1,220.

2010-06-28

Updatae gold charts

1 day:

Not so much change here.

4 hours:

Here price fell to lower boundary (brown line). note yellow tops. This may very well be double top, that will send the price to $2220 or so. Then a triangle will form (pink / blue) and price will raise.

Another possibility is to have small triangle (pink / brown).

Same time Jesse sees cup and handle:
here and here