Tampilkan postingan dengan label Parabolic. Tampilkan semua postingan
Tampilkan postingan dengan label Parabolic. Tampilkan semua postingan

Minggu, 20 Desember 2009

$USD versus Gold

The first two charts show that the $USD has had thrusty move off the bottom to a resistance zone. The RSI is flirting with 70 so its likely to pause to consolidate or retrace somewhat at this level.



The last three charts show how gold rallied out of an inverse H&S pattern, approaching a full measured move of 100% from the BO point in relatively little time (parabolic move), but stalled , carved out a bearish island reversal pattern, followed by a steep decline back to the accelerated trendline. Price and the accelerated trendline are on the edge of the ambush zone of the last leg up, so this is a possible area for a retracement.





Click on charts to enlarge

Kamis, 12 Maret 2009

Parabolic Move - Suncor Energy Inc. (USA) (Public, NYSE:SU)

Parabolic move - initial run comprises small tight candles which get increasingly wider is price/volume increases. I traded SU and CNQ.

CELG and AMGN momo biotech moves in the morning on an M&A fueled snap back rally. AMGN has now retraced 38% of its recent drubbing.

Sorry for the brevity, but I'm pressed for time.