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

Cake... or Death?

EURJPY - Broken Neck

I was watching this head & shoulders pattern on the EURJPY last night, waiting to see if it would break - and then I went to bed as I was falling asleep!

Guess I'll have to wait to see if it retests...

GBPEUR - Harbinger of Euro Weakness

Naturally this is just one possible interpretation of the tea leaves, but the potential for a turn is there all the same.

Bonus chart - USDJPY:

CHFJPY

Weekly:

Daily:

And the zoomed-in view on the hourly:

And with that, I think I'll be off to bed. Good night.

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!