September 30, 2012

  • INTEL Weekly chart shows price near the channel support line, Price yet to hit the support line.
  • Daily chart shows a MACD Buy signal.
  • Fibonacci levels shows price closing below golden ratio. Trading below last week's low of 22.48 could extend the correction towards the channel support line shown in the first chart.

  • First chart of caterpillar shows price testing a crucial up trend line.
  • 2nd chart shows weekly cloud acting as resistance and the support levels in weekly chart.
  • Last chart shows a possible falling wedge pattern which will work well for bulls if 200 Week SMA acts as support.

  • SILVER Daily chart stuck in a range between 33.23 - 35.15
  • Weekly chart shows price breakout above 100 Week SMA. Holding above this line should lead to a breakout above 38.2% Fib level towards 37 Plus levels in silver for the coming week.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore