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6th April 2009 - 14:43am - London time
Good afternoon,
this week will see a tremendous amount of volatility as many different cycles will clash. There are a significant number of cycles in the stock indices that collude over the coming days. We are most likely seeing a top of some sort. The question is if this is the final top before new lows, or simply a good retracement before 900 or higher in the SP500 is on the cards. I suspect the latter, but it looks like a good shorting opportunity for swing traders.
Tom
6th April 2009 - 08:43am - London time
Good morning,
Sterling Euro looks set to complete a Gartley pattern. I will be watching this currency pair to initiate a short position.
Dollar Yen looks compelling for a short. I am looking at a completed ABCD pattern with an 1.272 extension to match, and a 0.618 retracement of the big swing. I will look to short around noon, according to my time work.
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Tom
6th April 2009 - 06:29am - London time
Good morning,
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ANALYSIS
