October 30, 2012

 
  • SILVER Weekly chart shows the current range of Silver between 23.6% and 38.2% Fibonacci level.
  • Right now price is testing 23.6% Fib level. If this level is held an up move can be seen.
  • 4 Hour charts show resistance at 50 period SMA and Ichimoku cloud. These levels has to break on the upside for a possible move towards 38.2% Fib level which is the range top. Breaking below 31.45 will extend the correction.
  • DOW JONES WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
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  • First chart, Daily time frame shows price below support zone of 86.90 - 87.60.
  • Second chart shows price below crucial moving averages in daily time frame. Sustaining below these levels will extend the fall of crude oil.
  • Third chart is the Weekly fibonacci levels. Price trying to hold above 23.6% Fib level. Unable to hold on to this level may result in a deeper fall in crude oil. Getting support here may result in a rise towards 89 levels.
  • DOW JONES WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE



 
  • Gold four hour chart analysis. Price trending down below the cloud. For a possible up move price must sustain above 50 period SMA and 23.6% Fib level.
  • For a bigger up move price must sustain above the cloud.
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE


  • Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
  • Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
  • Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
  • APPLE WEEKEND UPDATE
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
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"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