KrunchieKilleen

KrunchieKilleen

A downward channel is emerging. The daily swings, affected by bits and pieces of news, will merge into an overall upward swing, raising the prices by c. 5% by the end of May, followed by a downswing knocking the prices by 10% in June. Strategy is, therefore, initially long, followed more confidently by short

KrunchieKilleen

The swings of the Indexex map out a sharper parabola than I predicted in my previous post. I have, therefore, re-drawn the expected swings, and expect the trend to be downwards for the moment anyway.

KrunchieKilleen

Continuing the recent pattern, the Indexes should have a little bounce from here, but then settle into a downtrend.

KrunchieKilleen

The Indexes threaten to break through the Short-term Support Line, indicating that the downtrend may be in train.

KrunchieKilleen

The long-term view indicates that a downtrend in the Indexes is due.

KrunchieKilleen

Resistance Line C (10-year) appears to be holding. If it does, then a downtrend (Euro falling in value against US Dollar) is starting.

KrunchieKilleen

The Indexes show uncertainty as to where they will move next. Dow and S&P are still fluctuating within their 2-year range, (and threatening to break through the Resistance Line on the next downswint), but DAX has shown greater strength (but also an apetite for larger swings). March of many weathers often shows ups and downs, and I expect this March will be so....

KrunchieKilleen

The downswing of the Euro against the US Dollar pauses, but will resume.

KrunchieKilleen

The recovery of the Indexes is so strong that, in a repeat of January's exuberance, they have broken out of their 2-Year range again, and Nasdaq has even broken through my predicive Downtrend Line. Does this indicate an emerging stronger uptrend than the 2-year? I think we should, instead, expect that the three Indexes are now hitting a peak. After a peak comes a...

KrunchieKilleen

As the 2-year Support Line has not been breached, the Downtrend has not yet been established. Swings continue within the 2-year uptrend, but until the "Downtrend" Resistance Line is breached, I believe the Downtrend is in train. The threat of a market crash appears to have receded, at least until the 2-year Support Line is breached.

KrunchieKilleen

EUR/USD has failed to crash through 10-year Resistance Line X, despite the general belief that the US Dollar fundamentals remain weak. Long-term patterns indicate that the chart is cmmencing a downtrend indicated by Trend-line B. It remains to be seen if this trend will become firm (supported by rising US interest rates against stable Euro interest rates) or...

KrunchieKilleen

Looking back on my previous post, I see that the charts did not quite break through the 2016/ 2017 Support Line. I wrote that post when they were apparently plunging through, but they soon bounced back off that Support Line. The downtrend has paused. However, any bit of negative news is likely to set it going again.

KrunchieKilleen

Now that the Indexes have plunged through the 2016/ 2017 Support Line, they won't stop falling until they reach the Long Term Support Line

KrunchieKilleen

I would say that the EUR/USD has now hit the top and is commencing its downtrend.

KrunchieKilleen

Having bounced back from their week-end plunge, the Indexes will undoubtedly swing downwards again. The Support Line of the 2016/ 2017 Uptrend will likely cause another upswing, before the indexes settle into a downtrend that will break through that Support Line.

KrunchieKilleen

A closer look at yesterday's post, with a more defined expectation following last evening's drop.

KrunchieKilleen

The current downtrend could continue for the month of February, with a possible revival in March/ April. If no revival in March, the downtrend is underway. However, an upswing in March may indicate a continuance of the uptrend until another challenge c. May.

KrunchieKilleen

At this stage, it would be premature to expect a trend reversal. However, I anticipate a mild correction to offset the excessive exuberance of January's advance. Then, we should watch to see if shares continue their upward course, or commence a downtrend in anticipation of coming interest rate hikes.