Weekend ahead … time for weekly charts Euro and OIL are working on a reversal today … EXACTLY at their targets … Both had a nice uptrend, starting the second half of JULY 2007 … the time, when everybody got aware of the huge problems within the financial system in the USA and this was [...]

As Carlyle collapses, the former BoJ prediction is fulfilled (100 against the Dollar), hurting markets on further unwind of carry trades. Here the monthly chart of the Yen/Dollar Copyright by Tradestation Yen tries at the moment to break out of a triangle like longterm formation. First price target is around the 95 Yen/Dollar. Sounds like [...]

As the US$ seemingly starts to accelerate its downtrend, here the monthly chart against the EURO. Copyright by Tradestation Long term downtrend of the US$ is intact and allows the EURO to rise between now and the year end to test the upper trendline to a level of 1,63 (now) and 1,70 (yearend). The long [...]

Copyright by Tradestation The “white raven” … Goldman Sachs … known as Helicopter Ben’s troops Even them are bleeding … lost so far around 50% of their gains since the market bottom of late 2002 start 2003 … remember … DAX was below 2.300, the S&P below 900 …

Copyright by Tradestation Here UBS, the international example for destroying value through GREED … Lost now around 76% of its gains since the market bottom of late 2002 start 2003 … remember … DAX was below 2.300, the S&P below 900 …

Copyright by Tradestation Citibank … falling and falling … they never sleep More than reversed already ALL of its gains since the market bottom of late 2002 start 2003 … remember … DAX was below 2.300, the S&P below 900 …

As markets keep swinging intraday with high volatility, but low trend intensity, here my idea, looking at a daily chart. Copyright by Tradestation As you can see, we had a downmove of around 1.900 Dax points … now we keep consolidating within a bearflag formation. So far we only corrected 38.2% which is quite bearish. [...]

Just have a look on the Tickchart of today’s action in the S&P emini Future at 7:01 London Time. Slightly scary to imagine, what could happen. Here it is: Copyright by Tradestation