KrunchieKilleen

KrunchieKilleen

Price range of Cotton#2 was contained between Trend Lines A and B from 1973 up to 2010. Then in August, 2010, the graph broke through Trend Line A to zoom into the ether. Then, in 2011, it came crashing back to earth, but was a new range to be contained between rising trend-lines D and E? In May 2014, the graph broke through Support Line D. The downswing indicated...

KrunchieKilleen

If the American indices are due a downswing, well, the same can be said of the Hang Seng. Chart shows Trend Lines (dotted blue) and Bollinger Bands. Actually, the range is still quite narrow, and the graph is rising from a weak W bottom, so the price could rise a bit further and break through the Resistance Line. Not too clear if it is ready to swing down!

KrunchieKilleen

On Friday morning it looked like the markets were taking the downswing I predicted in my "Cry Wolf" post on Thursday, as indicated by trend-line E. However, a strong bounce-back then occurred. Move trend line E a bit eastward, however, and you probably get the position of the real downswing!

KrunchieKilleen

A couple of days ago, I predicted that the decline of the EUR/USD would not stall until after the Sep ECB meeting. Now that the meeting is over and the consequent plunge in the value of the Euro has happened, the EUR/USD will no doubt stall at its current value for a few weeks.

KrunchieKilleen

Here I am watching for the signal that the markets are about to take a tumble, and perhaps I am crying "wolf" once again. Resistance Line C, breaking from Line B, indicates to me that a downswing, if not a trend reversal, is now imminent. The downswing should hit Support Line A and, if it breaks through, signal an end to the Bull Run. Why should the Bull Run come...

KrunchieKilleen

Price of Corn has been falling steeply. The present price may be the Support LIne, from which it may give a bounce-back. Othewise it may continue to fall as far as the green, long-term Support Line.

KrunchieKilleen

A month ago I suggested Support Line 1 as the bottom of the present downtrend of the Euro against the US Dollar. Recently I changed that prediction ot Support Line 2. There was a hint of a stall, today, in the downward movement. However, the market factors are such that the down-plunge is unlikely to stall until after the ECB meeting on Thursday at the earliest....

KrunchieKilleen

A month ago, I suggested lines A and B on the chart as the likely turning points for the drop in the value of the Euro against the US Dollar. Such is the momentum of the decline that I now expect it to continue as far as line C, i.e., to a value of around $1.25 before having a swing-back.

KrunchieKilleen

Where will the present downtrend of the EUR/USD end? Looking at the long-term chart (since 1990), whichever line we take (A or B) as the Support Line, the downtrend has a long way to go yet: probably as far as $1.3022 at least. What could abort the downtrend in the meantime? A reversal of policy of the ECB; worse than expected performance of the US economy with...

KrunchieKilleen

Twitter share-price spiked after Facebook's very strong quarterly report. It is uncertain, however, that the spike can be regarded as a break-out from the downtrend. This is the second spike in two weeks. Opinions differ as to whether the growth in Monthly Average Users will be sustained and whether monetization is improving. It is no longer possible to be certain...

KrunchieKilleen

As the US Dollar slips against the Yen and the Euro slips against the US Dollar, the EUR/JPY mirrors the graph of the EUR/USD, except at a faster pace - c. 25% faster.

KrunchieKilleen

The trend lines drawn on the chart show the downtrend of Twitter over the last year and its upswing since May 2014. Having come down off its recent spike, it resumes its downtrend. It remains to be seen if it will have a little spike before its results on 29 July. I guess that spike has already happened and run out of steam. To reverse the downtrend, the company...

KrunchieKilleen

The Euro today plummeted against the dollar. Simple trend lines indicate the fall continuing to $1.333 and then swinging back to $1.342

KrunchieKilleen

Following on my previous post comparing social media performance over the year, I here zoom in on the last week's performance of Twitter, Friday's jump looks like a.spike. I reckon it will drop back and possibly oscillate until quarterly report on 29 July.

KrunchieKilleen

"The trend will continue!" Every trend will come to an end, but, in the meantime, it is a safer to bet on the trend continuing, as I have found in my Shares Punt blog. I reckon that the market is overheated, so took a punt, in June, on the S&P going down. I would have been better advised betting on the Index continuing to rise, as they say, "until the end." So,...

KrunchieKilleen

A simple one-year chart, on which I have drawn the 5-year Resistance Line, suggests that, even if the uptrend continues, the price will now swing downwards. I expect it to drop from its present 1976 to 1940 at least. Could this downswing also be the signal for the big correction to happen? I don't know.

KrunchieKilleen

On Friday, the downslip from the top of the Quarterly Report spike stalled. First impression is that the new extra-high share-price will be maintained. However, further inspection of the chart reminds us that the Spile brought the price thundering through the 5-year Resistance Line - the very top of its expected range, having been increasing at an accelerated pace...

KrunchieKilleen

I have drawn on the chart the Resistance Line of the present down-trend, as well as Resistance Lines of the last upswing and projected present upswing. The blue horizontal line predicts the top of the present upswing, a level at which a short should provide quick profit.