Seeking Alpha

ker.nulov@gmail...'s  Instablog

ker.nulov@gmail.com
43 Followers
11 Following
Send Message
FOREX & FUTURES day & swing trader.
My company:
Ker Trading
My blog:
Ker's Market Patterns
  • Gold for Bears: Daily Update for 22 Jun 7 comments
    Jun 22, 2010 4:56 PM | about stocks: GLD, SLV
    Quick introduction: Charting the end of secular bull market, long term charts here
    Last daily update: here



    Daily status:
    - Rising wedge (bearish)
    - Possible downtrend channel forming
    - Bearish outside reversal made on monday, possible trend change. Confirmation needed. Today's up candle doesn't count (inside day)
    - Wednesday & Fed Meeting coming together. Wednesdays usually are good days for continuing trends on gold, they can also be volatile. If uptrend line (blue) is going to be broken tomorrow is a good day for that.



    Disclosure: Short Gold and Silver
    Stocks: GLD, SLV
Back To ker.nulov@gmail.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

This post has 7 comments:

Track new comments on this article
  •  
    i am extending this projection for the break into 2 days now. markets hit support on NY opening so it is unclear if we will break the trend line today. probably not.
    23 Jun 2010, 10:22 AM Reply Like
  •  
    we closed few bucks below monday's close. new low. but it is a hammer and it is above the support. Tomorrow it is going to be decided if we go up or down.
    23 Jun 2010, 05:29 PM Reply Like
  •  
    closed higher today, broke the channel alignment.
    yet it is still not confirmed uptrend until we close higher tomorrow.
    if we close higher tomorrow, this setup will be canceled.
    if not, the setup is ok, but the channel has to be realigned.
    24 Jun 2010, 06:29 PM Reply Like
  •  
    looks like the market is going to close higher today. on the weekly we are doing a hammer (a long term top pattern) , next week i am going to look for confirmation of this with a weekly close down. The month is closing on wednesday and on monthly charts we still can do a break out above 1250. Tuesday is going to be a decisive day. If we have selloff on tuesday and wednessday, the month could close as a doji with further downside next month
    25 Jun 2010, 01:27 PM Reply Like
  •  
    tomorrow (thursday) we have good chances for a downday. the daily trend however slighthly turned bullish
    30 Jun 2010, 08:43 PM Reply Like
  •  
    ok, the wedge finally broke down, and now we have a downtrend that should last about 7 trading days.
    1 Jul 2010, 10:44 AM Reply Like
  •  
    Good projection!
    7 Jul 2010, 06:18 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Sinclair is finally quiet. This must be a short term bottom in gold, good for a test of 1450 and then to 700
    Apr 15, 2013
  • just to remind everybody that 2nd leg of Great Depression 1 started in April: http://bit.ly/17A9RQP
    Apr 14, 2013
  • AUD/USD gaqps down 60 pips to 1,0350, now, lets see how gold gaps when markets open
    Mar 17, 2013
More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.