KrunchieKilleen

KrunchieKilleen

There's the bottom! The Great British Pound (following its BREXIT plunge) rises from here. However, for the next few months, the old bottom becomes the new top, perhaps.

KrunchieKilleen

The severe drop in the price of Ryanair shares on Thursday 23 June 2015 was undoubtedly due to the LEAVE result in the BREXIT referendum. What are the chances that this result will have an immediate negative result in the company's fortunes? I would say: practically none. I, therefore, expect a continuance of the recovery that occurred from 23 Jun to 1 Jul.

KrunchieKilleen

Amazingly, Britain has voted to leave the EU, bringing the anticipated down-spike in the security (and the world-wide markets). What happens next? Answer: Nothing. All the trade agreements and border controls remain the same for at least the next two years. Nothing - except the uncertainty as to the future. As the British Pound was already undervalued, there...

KrunchieKilleen

Pollsters say it is too close to call. Punters favour a Remain result. If the Brits vote to stay in the EU, we should see a considerable spike tomorrow evening into Friday (green triangle), followed by resumption of the upwards slope from a higher spot. A vote to exit will bring a down-spike (red triangle), but this should be followed by a return to present...

KrunchieKilleen

After spectacular gains yesterday, continued into this morning, we will undoubtedly see some proft-taking, resulting in a fall-back, and resumption of the up-swing on Thursday or Friday.

KrunchieKilleen

The shadow of BREXIT has hung over the Irish stock market. Now that it appears that the referendum vote will be for REMAIN, EIRL should shoot upwards in the next few days

KrunchieKilleen

Five days to the BREXIT referendum, and the polls have moved back in favour of REMAIN. On Friday, the pound sterling began its comeback, and now is the time to place the bet.

KrunchieKilleen

At present bouncing off the short-term Support Line, we can't be sure whether it will rise or fall. The green box is the range (pointing upwards) within which the price is moving; but the red line is a long-term Resistance Curve. The price may rise as far as the Resistance Curve, but no further, given the threat of an eventual rise in FED interest rate this year....

KrunchieKilleen

Anticipating a possible British exit from the EU, Great British (red graph) Pound has declined sharply for two years, not having recovered from its plunge in 2007/ 08. It now hits an all-time bottom. Referendum day (23 June) is shown by the vertical bar. The pound fell sharply on Friday 10 June, as opinion polls show the Exit camp moving ahead of the Remains. The...

KrunchieKilleen

The all-time chart (showing the history of the Euro from its origins, against the US Dollar) will be upwards for the next year, unless the Brits vote to leave the EU, which could see a down-spike on or following 23 Jun 2016 (down-spike not indicated). The march up the hill is unlikely to be straight all the way, but have occasional regressions to the underlying slope-line.

KrunchieKilleen

Nasdaq is easing back today after hitting its predicted local peak. In the absence of any imminent move on the Interest front, I guess that the movement over the next three weeks or so will be along the path of my green arrow: Down a little, then Up a little, ultimately controlled by the 5-year Support Line and the brown Resistance Curve.

KrunchieKilleen

I predicted that the Euro would rise in advance of the BREXIT referendum and have a spike, up or down depending on the outcome, afterwards. Today's spike tells me that the market is growing more confident of a positive outcome (i.e., the Brits voting to stay in the EU). There will be some profit-taking at this point, so the price should, in the next few days, ease...

KrunchieKilleen

The vertical line marks the date of the BREXIT referendum. Anticipating a positive result (i.e., STAY), the security will rise from its present bottom. A positive result will bring a peak in the value of both Euro and GBP against the US Dollar, settling back to the current Resistance Line or thereabouts. A negative result will bring a down-spike, settling back to...

KrunchieKilleen

I reckon the 5-year Support Line is our main guide to where the NASDAQ 100 is heading. The trend is upwards, but we are about to hit a peak

KrunchieKilleen

So, the graph has now hit the Trend (Resistance) Line. If it breaks through this line, I will conclude that the down-trend is over, and for the next while down-swings will bounce off the 5-year Support Line. The former height of 4710 could be achieved by July.

KrunchieKilleen

Early in the year I drew a projected up-slope for 2016, following the historical uptrend norm. The rise in the Euro against the US Dollar soon accelerated to a faster slope, but recent weeks have seen a down-swing, bringing us back to the projected line. The BREXIT referendum (scheduled for 23 June 2016) is obviously making investors nervous about betting on the...

KrunchieKilleen

In my last post, I suggested that a revival of price before the graph met Support Line S1 would indicate that the downtrend is over. It is not certain whether the current rise is a revival or just a pause in the down-swing. I wait and observe now.

KrunchieKilleen

Four weeks to go to the BREXIT referendum. The Euro and Sterling are feeling nervous. For Britain to leave the EU would be madness. If the Brits vote to stay, both currencies will have a spike immediately after. In the unlikely event that they vote to leave, the immediate effect might be a down-spike. However, the actual changes in the treaties will take time and...