GBP/USD 1-hr Chart Parabolic Curve Update

Parabolic Curve

China Bank Corp (PSE: CHIB)

Brief Analysis. Brewing for a full reversal from a major downtrend. Parabolic curve burst of its weekly chart have signaled end of downtrend. A potential long term stock for investors who wants 30% yield per annum. Historically CHIB yields 100% return of investment every 3 years before the financial meltdown of 2007. Charts will be posted when i finished my study. Caveat.

edit added chart (08/140/08 1:20pm Philippine time)
Daily Chart

Weekly Chart

In Danger Zone – Meralco’s Parabolic (PSE:MER)

searching parabolic curves in this blog will at least give you an idea what it can do. paracurves are the most extreme pattern of all. in short, parabolic curve is the mother of all pattern. but once it burst…..
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Requested Charts – Jollibee Food Corp (PSE: JFC) & Alliance Tuna International (PSE: TUNA)s

Requested by Shar.
Reco: Long term outlook is stable. Relative strength positive since 2003. Position buying/accumulation on the expected major equities correction this May to August 2009. i expect better equities return after the correction until year end. JFC is in contention then to surpass historical highs (above 60) within a 12-month period. caveat.
JFC Monthly 5/2/09

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Requested by Pierre
Tuna is one of the known chucky stocks (MALT, Musx Atn Lihc Tuna). just like the famous mining trio Gemini (Geo Mic Nihao), it is a jockey stock. guild securities is most associated with chucky stocks. “chucky” is the former sss president chuck arellano.
reco: speculative play. buy as near as 1.20, ideally near the major support level at 1.12, but that’s kind of hard to execute for now. most traders know that the stock is frequently marked up before closing. chart wise, any spike up is speculatively driven and normally this kind of rise ends fast (price – rsi divergence). profit can be made on this kind of rise but needs full time monitoring. these are all true on other jockeyed stocks. caveat.

Tuna Daily May 12, 2008

Mimic Pattern – Tuna

Philex Mining Update (PSE: PX)

monthly chart

Daily Chart

Daily chart: Pattern present is wedge. applying wedget theory, time element for wedge target is witin 2 weeks.

Monthly chart: Pattern within a pattern analysis. Rounding cup/rounding bottom within a rising channel/flag. Basing on the monthly rsi of the stock which is still positive, the rising flag eventhough a bigger pattern compared to the rounding bottom, is not the dominant pattern. it could have been if the rsi was from way down going up to 50. noted then that the dominant pattern is the rounding cup.

caveat.

What’s the next bubble?

Gold? Silver? Copper? Euro? Dollar? Cotton? Could be, or not in the near future. It’s anyone’s guess. I have something in mind though. It was featured here somewhere but my apologies, i have some stuffs and errands right now that needs to attend to. I will post the chart soon but for now, i need to attend on some important things, like my kids called to buy a jollibee burger steak meal for them. i’m such a slave to them.

The chart i’m studying is not even tradeable. it’s about data. here’s an excerpt… “US weekly jobless claims. back in the last week of november, i saw what seems like a parabolic curve in the weekly jobless claims. being the most powerful pattern of all, parabolics are present in hyper states of fear and greed. bubbles are created this way. thus i look for parabolics, in search for bubbles.  i was able to review the us weekly jobless claims. i have more reason to believe sp 950 this may09 is possible, with jobless claims dropping to 325k on the 1H 2009.”

To Michael, i sincerely appreciate your comment. Unfortunately i myself have no idea on how to make the charts go bigger. I saw a blog awhile ago with charts and his can be magnified. i already ask for his help and hoping i can get a reply soon. If anyone here can help on how to make the charts go bigger, please let me know. I value any help. Many thanks. God bless us always.

Philippine Stock Index (PSEi)

psei weekly. a clear parabolic curve burst. one good news though is that the parabolic was over when psei plunged below 1700 and recovered back to 2000 level. (A parabolic curve bubble or burst is over when a low was established. Said low is a ceratin level that rallied back 20%. In this case the low of psei was at 1681, rallied 20% to 2,017.)

more technical notes and monthly chart later. got to go.

note: the above thoughts are my own definition based on experiences and observations regarding parabolic curves. caveat.

Forex Signals

Will upload more charts in awhile..here’s euro/usd. very very nice signals, that is if…. if… if…

edit add : Jan. 21, 2009 11:40am USD/CHF

finally sell signal, was looking at parabolic curve burst for chf yesterday, reason why i held.

edit add : GBP/USD chart, Jan.21, 2009 11:57am Philippine time

“UK is Finished” quoted by the great Jim Rogers. Unbelievable 1,000 pip down move. His words are mighthier than any sword. Forget being Knighted sir hehe.

My entry to the guess the DOW contest

honestly, there’s no decent short term chart pattern i can zoom in, in order to “guess” where the dow at the end of the quarter. the weekly and the monthly charts are so darn ugly to see as well. The only defense of the dow is the double bottom (near 7,500 scenario (triple if 2002 low is added in the picture).The question at what level will the parabolic curve burst (which started at the low of 2002 to high of 2007, after the fact)will end must be address first. It is a big factor to determine in order to get a decent “guess” of where the dow will be. I have a theory though but to sum it all, “at what level will the dow close at the end of the quarter”. Honestly, i dont have a clue.

But within the period of 2009 though, basing on “emotional spike theory” and the “20% rule of low”, the parabolic burst ended last nov 2007 low.recovered 20% afterwards, determining the low and confirming the burst target. i would say within 2009, dow will climnb back to 10,200 the least. caveat.

note: unedited entry to the contest at www.ino.com  (http://club.ino.com/trading/2009/01/traders-blog-contest-for-january/)

 

 pls pardon spelling and grammar. many thanks.

will add chart later… need to go home early. for forex update, aud/nz turned bullish again, suggesting majors to rally big against the green in the days to come. early to tell though as i’m awaiting more signals, but i think we will see better major plays “kontra” dollar next week. gold will follow the majors of course. caveat.

JG Summit (PSE:JGS) Parabolic