New term: Fally. Rally based on fallacy.
You got to hand it to this guy (Kirby Daley, Strategist, Newedge group). He’s got the balls to say and like he admitted, he’s probably not going to make many friends (for the moment).
Click to view: Financial Rallies or Fallies?
We have a very nice set of equidistant channels now acting as support and resistance levels. It is clearly visible on the 4-hour chart. Trend appears downwards.
“Using Indicators in Technical Analysis is about the Right Fit with a Trend-based and Momentum-Based Studies” ~ Binni Ong, Chief Trainer
Technical Analysis class on 26 July 2008
Titled ‘Time It Right With Indicator’
9am - 5pm at TMC Educational Group, Capitol Centre
Organised by ShareInvestor
Trainer Ms Binni Ong, Chief Trainer, TerraSeeds Market Technician Pte Ltd
Registration details can be found here.
Trend-based Indicators
ADX
The ADX Indicator, otherwise known as Directional Movement Index, is the perfect indicator to show strong versus weak trends. ADX is also excellent in providing warnings when a market is about to change its direction.
Bollinger Band
Bollinger Band is a measurement of volatility and tells in advance when a price movement is oversold or overbought.
Momentum-based Indicators
RSI
The RSI is an excellent overbought/oversold indicator that can be used to predict trend reversal points. When used together with the Bollinger point, the RSI will be an excellent timer for spotting turning point.
William’s %R
William’s %R is equipped with an uncanny ability to anticipate a reversal in the security’s price. The indicator almost always forms a peak and turns down a few days before the security’s price peaks
Cue from Merrill
Positive news from Wells Fargo last night combined with SEC restrictions on naked short selling gave the markets a steriod boost. Tonight we will see whether Merrill Lynch has anything positive to say about its writedowns on losses.
Consensus on second quarter writedown is between $6-6.5billion but surely the markets will evaluate the following:
The second point is very important because it is going to tell us whether insiders have a good grasp of the true extent of losses involved.
—
US Crisis
Picture this:
Read the following:
SMX, new kid on the block for commodities trading. http://www.smx.com.sg/commodity-exchange-in-singapore.html
Lets see. We got precious and base metals, agri commodities, crude and natural gas and such.
There is a reason that FX Tflow™ System forex trading course was designed to incorporate 9 hours of hands-on over 3 weeks in the learning schedule.
So that you can learn our system, trade at home, come back to us to answer all your questions, analyze over again and then go back home to repeat the process!
Akan Datang.
Purpose of the survey
The purpose of the survey is to promptly gain an accurate grasp of region-by-region economic trends. By enlisting the cooperation of people holding jobs that enable them to observe activity closely related to regional economy, these survey results can be used as basic material for assessing economic trends.
The English page can be found here.
After ECB Chief Mr Trichet uttered “no bias”, the EURUSD suffered a hefty tumble. Now there is a consolidation at the 38.2 retracement of the previous swing converging with an upward trendline.
