morning star monday, page-10

what a wild week!

just a few charts

firstly trend models: Yellow boxes denote trend changes


Key Markets:



Aust Sectors:



as you can see doesnt paint a pretty picture... lol

please note that when in a non trending environment (per timeframe) these models are not as effective.
And that there can be counter-trends within the larger trend(obviously)

Now a followup of the Aussie Chart i posted mid april:
i said the AUD/USD and AUD/JPY were like the 'canary in the coal mine' for risk. When we had a failure of that key resistance area around 93.5-94 3 times and a 'key reversal' again i knew somethin was up.

there was a key reversal in the AJ too.
Note cause using EOD data doesnt include fridays trade for aud.





my 82.8 target was hit late last week. So what were left with is some ABC that has bounced the .382 retracement of the rally lastyear and we bounce then continue upwards (unlikely imo) or this is some 5 wave beast that could take us to atleast 77/79c.



ive exited all shorts because im anticipating (atleast) 2-3 days rally on most markets.. Whether it was 'the bottom' cannot be confimed yet but get to that when we come to it.

I am still confused with that whole 'fat finger day' because our day market(xjo) can count a clear 5 waves down. But Futures show an incomplete or 'truncated' version.

But we should at least have a shot at 4440-4500.



SPX broke the fat finger low but managed to close above it.

A note on Euro- put in a 'key reversal week' after hitting lows not seen since 2006. So can prob expect some more upside. Short cover rally probs.



anyways if i get time ill do up some more charts later on.

have a good wknd!