SP500: still within triangle, has not decided yet where to go (short term higher highs, mid term lower lows). what still keeps me a bit more on the bullish side are the big impulsive up moves and the tiny long-lasting down moves.
Gold: after the breach of the triangle we might run into a falling wedge. we might be on the way to backtest the former breaking point before we head lower again. the long term up-trend is still intact. closed my short position again
US Bonds: TLT has formed a new short term high but has not reached the high from about 2.5 months ago. This might end in a double top pattern.
Current positions: CSCO, FFIV, AA, TBT and SIFY
I'm off now to Aussie land :)
Good luck and all the best for 2012!!!!
Gold: after the breach of the triangle we might run into a falling wedge. we might be on the way to backtest the former breaking point before we head lower again. the long term up-trend is still intact. closed my short position again
US Bonds: TLT has formed a new short term high but has not reached the high from about 2.5 months ago. This might end in a double top pattern.
Current positions: CSCO, FFIV, AA, TBT and SIFY
I'm off now to Aussie land :)
Good luck and all the best for 2012!!!!
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