Daily Archives: September 26, 2010

Time for the Harvest (by Fujisan)

By -

My apologies for being silent for a while.  I decided to stay away from the blogsphere as it's sometimes hard to focus on my own perspectives when I hear too many noises.

(BTW, what happened to that "Hindenburg Omen" that everybody was talking about not so long ago??)

Now that I see the big bear (i.e., TK) posting the bullish breakouts, I decided to share some of my thoughts today.

As the US indices have been pretty flat for the past many months, I have been trading other financial vehicles which have more clear paths and the trendlines, and I have been using them as my leading indicators to pick the directions on the general markets.

Here are some charts that I have been trading lately.  EEM, AUD, and EUR are all in the beautiful 5 waves upside structures ready to complete this leg up pretty soon.

EEM Daily

EEM 
EWH Daily

Ewh 
EUR Daily

EUR 
AUD Daily

AUD 
SPY has been pretty flat compared with the other international markets.  In fact, it's one of the most bearish looking charts of them all.  By all means, it's almost completing ab=cd pattern at 116.36.

Spy 
Here is another look of SPY charts with my favorite Person's pivots.  As you can see, ab=cd upside target of 116.36 incidentally clusters with both monthly and weekly R1 pivots so I'm expecting a strong resistance at this level and a possible pullback.  This goes well with EEM, EUR, AUD almost completing the upside targets.

SPY_Pivots

QQQQ Daily

Qs just hit the upper side of the channel on Friday.  

QQQQ

INTERMEDIATE MARKET VIEWS

I have posted some intermediate to long term charts previously and I'm delighted to say that they are all right on the track.  For those who are interested, here is the link to my original post on May 29.

NDX Weekly

NDX 
RUT Weekly

RUT 
INDU Monthly

Here is the upate of my INDU monthly.  Here is the link to my original post on March 6th.  I had a discussion about three peaks and the domed house chart pattern and the resolution to this pattern using the daily chart.

INDU_Monthly 
UUP Weekly

Needless to say, I have a very bearish outlook on the dolloar.

Uup

HIGH FLIERS

Last but not least, AAPL and AMZN are getting close to my target prices.  Here is the link to my original post on the price projections on AAPL and AMZN on May 2nd.

AAPL Weekly

AAPL 
AAPL Daily

Isn't it amazing that I came up with the same price targets both in the weekly and daily charts??

AAPL_daily 
AMZN Weekly with Original Target as of May 2nd.

AMZN

AMZN Daily 

I have a higher price target for AMZN based on the daily chart. 

AMZN_2 
EWM Daily

No, this is not NFLX, AAPL, or BIDU.  This is one of my favorites, Malaysia ETF, which has just hit my price target last week.

Ewm 
Have a good weekend, everyone!