We have been a little quiet here the past few weeks as we have been holding off on making any other trades. Most of the charts are looking over extended and need to see a big pull back or a long period of consolidation to make the charts look attractive.
We are still long the AUDJPY [...]
For over 6 months now the EUR/JPY has been in a down trend taking it from a high in July of 169.97 to a low of 112.10 in January. But has that trend changed?
Looking at the first chart it would seem so. It has broken the trend line on the 1% box size point and [...]
Lets look at a chart of the S&P 500 and then you can make up your mind where you think your money should be. Below is a 2% box size point and figure chart of the S&P 500 going back to the early 90’s.
Looking at the chart you can see a trend line that was [...]
After hitting a peak just below parity (1.000) with the US dollar in July of 2008 the Australian dollar has been in a quick and steep down trend. After hitting a low just above 0.60 the pair has been consolidating in a big range between .60 and .73 but has been held below the down [...]
