Thursday, November 27, 2008

2008-11-27 Market Watch

SPX: I highly suspect the wave 3 has completed and we are now seeing the unfolding of wave 4.  The chart looks like a perfect harmonic.  If this is true, the rally can last one or two months.

image (inverted chart and measurement) image

SKF: actually it looks too early to close the short position.  No signal at the moment.  Missed some profit because IB threatened to liquid my short position although I had plenty of margin at that time.

image

USD/JPY: short-term bearish

image (daily)image (2-hour)

No comments: