Where is Pressure?

Dear Readers, the pressure charts clearly indicate the buy pressure building, but this is not enough. The buy pressure must finally drop down below Cyan line ( average buy pressure) before we can think that bottom is forming. Initial low must be in works for next 2 days 5/6 March. That goes for GOLD and currencies ( EURO/BPOUND etc) and top in JPY. Temporary one, of course. Act two will come later, but GOLD may not go down in that act, stocks should though. Good Trading

TA100 and Shekel

Dear Readers, TA100 Israel stocks index has hit the projected high of 1015 and is now in decline. The immediate support is at 943 and next one 863. Not sure if we go to 863, but it is more than 50/50 chance. Shekel will eventually reach 3.80 or lower this year. Good Trading

How Do You S(M)ell Top?

Dear Reader, Remember This Projection from December 2006? Well Now see the update. Picture speaks for itself(drk DOW, Red ProjectedDOw). So how do you S(m)ell Top? Just learn how to smell YEN... Good Trading

Limits, who cares, I am late(: :)

Dear Readers Limits for today:
QQQQQ 42.43 - 43.44
GLD 64.39 - 65.00
USO 51.11 - 51.76
GG 25.11 - 26.38
Things could Melt up as YEN goes Lower. watch out.
Smart thing to do is to stay above the high limits
with stops
Wathc the YEN, move up will casue melt down again.
move down will cause melt up of sorts. 10:38 ET
Possible bottom time today 12:00 - 12:40 PM ET
With perhaps temporary top in YEN.Good Trading

Close to temporary Bottom

Dear Readers, Carry trade victims Stocks/GOLD, Energy to lesser extant are attempting to find the bottom. I think they will do so, in next couple days, most likely Monday/Tuesday ( Mar 5/6 ), even thought the bottom may prove to be wide, i.e. we could have bottomed already, but are unable to get up. Currencies are declining as stated before, except YEN of course.

Limits

Dear Readers, Limits for today.
QQQQ 42.00 - 42.90
GLD 65.60 - 66.93
USO 49.72 - 51.61
GG 25.28 - 27.12
We could have hit bottom for couple days. 10:18 ET
GOod Trading

Still Off The Chart

Dear Readers Sell Pressure is still of the charts(low), and buy pressure, though still high, has come down. We do not think the end is in sight yet. This is because the carry trade is still in the process of unwinding and we are monitoring it. It will gyrate and so will the markets(ALL!) with it. We hope to be able to announce its demise, so stay tuned. I said ALL above that means ALL. Nothing changes from my previous forecasts until this process is complete target day for now... Early March.
Good Trading