DJIA channel (update)

Not much happening - still standing firm. I get the feeling there is an immense battle of opposing forces occurring right now - helicopter Ben with his finger in the dyke as the cracks start to multiply kinda thing.. hmm.

Meanwhile, erstwhile favourite indicator AUDJPY is starting to fold:

And might it be worth a post-earnings punt short on GS right now?

GS on StockCharts

Aussie in the sweet spot?

Let's see what happens from here..

AUDUSD - looks like it was one more high then

Got stopped out on my short for no loss. Bit more difficult to manage trades now I can only devote an hour or two to managing positions a day. No matter - this motherfucker still has me salivating. We are farting around in a bearish wedge on the 15 min chart and just waiting for the broadening wedge top to break on the daily. Gonna be a gusher when it does.

Shorting here

Nasdaq looking like it's hit the wall




Having a pop at AUDUSD here as well - I really fancy the Aussie mahusively overvalued. May well try to get short AUDJPY later but don't want to be too greedy right now.

Go Aussie!

AUDUSD - goose cooked or one more high?

I really like AUDUSD as a potential short, but I'm not sure if it's quite done to the upside just yet. It's hanging onto the trendline and 50% fib support right now. I suppose this could make a ballsy overnight long. But not for me!

UPDATE: Ok, maybe just a cheeky one - I can count a double zig-zag down from the high and we're expecting more upside from equities tomorrow, so that is supporting - if I'm right it should test the 61.8% fib (fell just short today). Placing stop just below the 50% fib.