Tuesday, 22 February 2011
Wednesday, 16 February 2011
Sunday, 13 February 2011
Apple is on an elevator with few pauses
Right now it appears at near its more optimistic pricing however $380 seems feasible still and I have read forward price earnings is still low teens
Wednesday, 9 February 2011
Cisco loses 10% after hours on mild results, continuing a negative trend
It may yet prove to be in a long term downtrend. Shown just prior to results here it could be seen at the top of a channel.
After hours puts it below the 200 day average shown in orange here.
Volume at $22 is extremely high making this selloff inline and not an erratic move. This point will continue to require large momentum to pass in future.
19 looks to be first support with slightly higher volume there or as low as 18. At those prices I think value hunters might move in but it seems likely to be weak for some time yet unless positive news outside results can occur perhaps
Tuesday, 8 February 2011
EuroDollar positive bias
Monday 7th lows was a 50% retracement of 2009 highs for the Euro from 2010 lows. This comes after we recently saw the 61% mark (roughly) on 2nd Feb at 1.3898 Euros to a USA Dollar.
On my long term weekly drawn chart I have this recent action as also fitting into a positive trend for the Eurodollar going back to 2008 and 2009 lows. This chart is one I drew last year, data is current of course
Friday, 4 February 2011
USDX Friday highs bring it into trend resistance on the daily chart
Highs on friday matches previous trend. UUP lows also near support
Cadogan Petroleum's long term view matches pullback
Spread on CAD just dropped to 1.5%
Volume today has been fairly highly, action is negative and in line with yesterday. The high recently of 35p fits long term to previous failed support in Dec 2008.
For whatever reasons these bumps in the road are not forgotten on the way back up.
30p is the 5 day average price. Tuesdays lows would make a nice target to buy
Wednesday, 2 February 2011
Tuesday, 1 February 2011
Soloman bad faith ?
I see Soloman is doing badly. No big deal, gold has come down all that is normal but I cant remember why I even liked it now. Doesnt pay to have no faith in these things
Anyhow the graph for SOLG shows its very close to a test of its bigger rise. Either we retain this price roughly or the story was fake, it didnt deserve to rise and the price falls further.
The basis for this is hard to explain but natural order maintains it should hold at least some of its gains. 28.19 is a 61% retracement of its boom to 60 from 5p
Not sure why its fallen back so much, need to read why it could rise also. Just trusting a percentage possibility would be pretty risky / likely to fail
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