Archive | 10:06 pm

EUR/AUD broke the pattern

26 Jan

The EURAUD has broken through the neckline from the inverse head and shoulders pattern that begin in February 2012. Long term objectives don’t begin until the March 2011 high at 14343. Bulls must contend with the 2012 high at 13030 before then of course.

Looking to buy weakness from the current level down to 12800. Bullish risk is 12617.

Click to enlarge.

eur aud 26.01.2013

Advertisements

Stock Market High Complacency, The Bear Will Decimate Your Wealth

26 Jan

By: Zeal_LLC

The US stock markets have been surging in one heck of a January rally.  The combination of the fiscal-cliff tax deal and generally solid Q4 earnings have propelled stocks to their best levels in 5 years.  But these gains have been accompanied by stellar complacency.  Traders are extremely bullish, convincing themselves this rally is only beginning.  But high complacency near major highs really means serious downside risk. Continue reading

%d bloggers like this: