Archive for October, 2008
One of the best pattern that a trader can imagine is to be nsync with the parabolic curve. this pattern defies all logics of the markets. parabolics are best “felt” in daily, weekly and monthly charts. There presence is most despise if one is on the wrong side of its trend.They are visible though even in short time horizon such as the 15 and 30-minute charts.
uploaded is the sample chart of euro/usd with parabolic and emotional spikes notes. loaded as well is Ayala Corp (PSE: AC). i’m looking that AC will lead the PSEi rally for a possible double bottom scenario. caveat.
God bless always.
ps: thanks to melo for encouraging me to this blog thingy.
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this is history, we’re witnessing a one of its kind uncharted definition of emotional spikes and parabolic runs. this is a technical analyst dream of witnessing. this is the bluest among the blue pattern a trader can ever imagine. the strength of the dollar against the majors except yen is so enormous,sad to say this is a vicious cycle that huge margins are being called for. the 1st and 2nd waves of the dollar strength we’ve experienced few sessions back are nothing compare to this 3rd wave of spectacular dollar strength. on a parabolic and emotional spikes ive experienced, the 3rd wave is the most “hulk-alike” waves of all. and if the theory is correct, the 3rd is “last” of this vicious and most feared waves, and possible the last of the vicious cycle. there will be small or short waves coming but nothing is comparable to what we have seen on the first 3 waves. if the euro/usd wave count is correct, the parabolic target of 1.27 as mentioned before will
be the the 3rd wave’s end cycle level. as per euro/usd activity today, it did touch the 1.27+ level. few days back, ive mentioned we’re going to experiencing great volatility for 2 weeks. we’re on at that period now. these vicious parabolics and emotional spikes are not healthy as they distort the markets in general. as i always reminded, these are all short term in nature.
technical notes to consider: 1) if volatility will mellow down significantly next week, then the 3rd wave vicious cycle of the dollar is the last we’ve seen for now. 2) as everyone expects a fed rate cut, a flat forex activity is a good signal as well, that the 3rd wave is done and we might see flat dollar movement, with a little bias for the majors to rebound(euro.gbp.aud.chf.cad).
ill try to post some charts later. if time permits will upload this to my blog i made yesterday at https://spyfrat.wordpress.com
i try my best to upload the 3rd wave vicious cycle of the dollar. this is history. will probably print the chart and make a frame out of it 🙂
Godbless us all.
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