A reminder that key global equity indexes remain very overextended
and as a result the overdue correction may be sudden.
USDCHF / GBPCHF / CADCHF are bullish.
GBPCHF long 1.5101
USDCHF long 0.9289
AUDUSD short 1.0130 [closed 1.0139]
Posts Tagged ‘CHF’
Mon Feb 28
February 28, 2011Tues Feb 15
February 15, 2011A reminder that the volume for S&P500 has been declining steadily
since the March 2009 rally started. Declining volume during an
uptrend or downtrend can signal trend weakness.
USD strength and EURUSD weakness gets more pronounced.
Bring on the overdue USD rally.
USDCZK long 18.016
USDCHF short 0.9713 [closed 0.9702]
S&P500 daily chart showing extreme overextension contained within the megaphone pattern. This pattern reminds me of Wile E. Coyote temporarily defying gravity after running off the cliff.
USDCHF short 0.9713
Mon Oct 25
October 25, 2010EURUSD short @ 1.4025
USDCHF long @ 0.9698 [closed 0.9683]
EURUSD long @ 1.4021 [closed 1.4036]
DOW monthly chart showing megaphone wedge – more text later.
A reminder that info is also posted here:
http://twitter.com/grandsupercycle
EURUSD long @ 1.4021
USDCHF long @ 0.9699 [closed .9749]
Wed June 16
June 16, 2010USDCHF daily chart is bearish.
Weekly is neutral.
