As fundamentals are “out of favor” at the moment … here the chart perspective for the S&P:

Copyright by Tradestation
As you can see … the S&P started its downtrend in October 2007 and accelerated one year later into a virtual free fall.
After testing the parallel of the connection of the 2 highs (2000 and 2007), the […]

As fundamentals are “out of favor” at the moment … here the chart perspective for the DAX:

Copyright by Tradestation
As you can see, the German DAX is in a weekly downtrend since the start of 2008.
I highlighted the following areas:
1. The start of the acceleration of the downtrend.
2. The attempt to accelerate “big time” to […]

We had BULL markets in both … an UGLY overshooting in OIL … a nailing the top in EURO …
Now a superb correction … TIME TO LOOK TO THE UPSIDE(!!!) again!!!
Here is the post … 18th of APRIL 2008
Post 18.April 2008
Now … here the charts … and the explanation …
First … OIL

Copyright by Tradestation
Then […]

Here the chart and explanation of a friend of mine … Henning V. … Have a look

Monthly DAX Chart reveals: SYMMETRY !
Pattern are often ruled by a “symmetry line”.
Although this is not “official Technical Analysis” we obey these lines quite often in every time scale.
What we often see is that the “inner […]

Market commentators don’t get it …
They say, that the expiration PRESSURED the markets … WRONG!!!
The expiration held the markets up until the last moment …
after the shorts were covered … market started to accelerate to the downside.
We have now FRESH MEDIUM TERM SELL SIGNALS!!!
And a lot of complacency … why?
Have a look at the VIX […]

- OPEC insists, that we should all have sufficient oil …
- fundamentally demand is contracting in the U.S. the first time in 15 years …
- even China has lowered its imports …
- every bullish study and story is told …
So let’s look at the chart … as we know … the trend is your friend […]

As I got loads of requests for the Chart picture of the S&P after yesterday’s DAX Analysis.
Here we go:
Picture is quite similiar … that is “globalization of markets”
As the DAX, the S&P completed recently a bearish Gartley-Pattern …
the corresponding extension targets are:
1300 (bullish case) 1170 (neutral expectation) and 1045 (bearish case)
See CHART […]

The fundamental picture is clear … what about the chart???
When will it be played out???
I think NOW(!!!) … Bears have NOW the chance to crack this market …
IMHO …
From the top, we had ONE move down … many times shortened and stopped by black magic of Ben, Hank and the boys … read: MANIPULATION
Now […]