FOREX PRO Weekly October 01-05, 2012

Sive Morten

Special Consultant to the FPA
Messages
13,820
..."Situation on NASDAQ and weekly S&P does not exclude possibility of horrible plunge to 1100 by S&P." ... Apparently not before the elections in the USA or even only earlier next year? Thanks
Not in the short-term, of cause, and almost 100% not before elections (that never happened previously, hardly will happen in this year). As on Gold as on shares, that is mostly long-term thoughts. It is not necessarily has to happen and will happen, it's just a current technical picture does not excude this totally. A lot of halftones in price action hints on possible existence of bearishness.
 

minimax

1st Lieutenant
Messages
1,456
Hello Sive & traders

I like todays intermarkt analysis a lot, thank you Sive!

ATM I am bullish eurusd and would like to show you why with DAX. I believe top is not in place, yet.


dax.jpg
 

MidnightRun

Sergeant
Messages
186
Are you suggesting that DAX is actually pushing the EUR north? Have you verified this correlation? Thanks
 

minimax

1st Lieutenant
Messages
1,456
Are you suggesting that DAX is actually pushing the EUR north? Have you verified this correlation? Thanks

hello MR,

here is comparison euruusd(bluered)/dax(black), 1H chart; it is impossible to expect 100%, but correlation is seen.

eurusd_dax.jpg


Although dax and eurusd oook bearish ATM, have not change my opinion, yet.
 

D.R.&Quinch

Sergeant
Messages
661
what also stands out is the divergence between the lsat two higher highs of upper instrument against lower second top of lower instrument. can this be seen as true divergence?
 

minimax

1st Lieutenant
Messages
1,456
what also stands out is the divergence between the lsat two higher highs of upper instrument against lower second top of lower instrument. can this be seen as true divergence?
hehe, DR&Q, I wouldnt bet on this divergence.

I am analysing gold, I think there is also top not in place yet.

Will send some pics tomorrow...
 

Venelin

Master Sergeant
Messages
401
Right now we are in the middle of nowhere just between two 5/8 retracements on 30m. and 1H! Bigger move is due!What direction and timing is the ?.
 
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