Ernest Wong

Sucker's Rally Approaching an End

The NASD100 broke out of its recent trading range, it will go higher from here. Not likely to hit new lows again for any indices. I will stay long.

Recession to Inflation: Transitions Benefit the Dollar

Finally the USDX broke out of a bullish pattern, with EUR, CHF and GBP are all at their support levels. Chart patterns suggest a break down very soon. Stay tuned.

Preparing for the Fall

No doubt we are in a recession. Being self-employed for 22 years, I know it when I see it. But the charts are telling a different story - the march low will hold, foreign equities will outperform, EUR/YEN will go higher. Cheers!...

22-Year-High Jump in Unemployment Hits Stocks and Dollar

On a big down day in the global stock markets, does not seem like there are too much unwinding of the carry trade -- EUR/JPY and CHF/JPY both broke out of their triangle patterns indicating more upside to come. The CHF/JPY even made new all-time high. Stay long...