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Gold pulled back close to the
neckline of the top and turned. There's still a chance that
the price will pull back to neckline at 1,540. But a lower low
would reduce that chance.
Heading to target but support at 13 is likely to intervene. See the long term log chart for supports before 13.
Pink channel would take the Dow to 16,000 if it doesn't break.
Resistance approaching in orange.
Ditto.
Heading to target but support at 13 is likely to intervene. See the long term log chart for supports before 13.
Pink channel would take the Dow to 16,000 if it doesn't break.
Resistance approaching in orange.
Ditto.
Nice little breakout without the volume.
Bottom breakout also without the desired volume.
Bottom breakout also without the desired volume.
Inching higher. Resistance just under
2,900.
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Resistance at 64
approaching.
Double bottom hope in green.
Nothing exciting. Just a channel in orange unless
volume picks up.
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A nice bottom with target of 26,800. More volume would be nice. Stiff resistance at previous recent high in green at around 23,800.
With luck, a reversal
pattern as outlined in green. A
Target of 1,670. The pink channel would
take the index to 1,700, which is the resistance on the long
term log chart (see Thailand page).
Similar channel heading for
resistance at the all time previous high almost twenty
years ago.
Next resistance at 330. Note the divergence between the channel in grey and the slope of the exponential trendline in blue. This disparity is caused by the index moving further beyond the mean than it has moved in 15 years. Does this indicate a new long term trend or the setup for a plunge back to the 16 year compound average of 130?
A huge, 15-year bottom. Volume is sadly
lacking. The make a persuasive bottom we should see the
volume between Feb 03 and May 04 transposed to the present.
The green vertical bars give an idea of the sort of volume
needed for a confident target.
450 is the next resistance within the
13-year trend.
First sign of a top. Turning on channel
resistance adds to the probability that the stock will
plunge. But I'm not persuaded that this stock has seen its
peak yet.
Turn on a channel resistance at 28.5 sent
the currency through support in orange and probably back to
support at around 30.
Support in green at around 101.
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