Hi phishpheet.....Ive had a quick glance at a few things and Im...

Hi phishpheet.....Ive had a quick glance at a few things and Im still bearish.

jacobmoores break in downtrend chart is good....May explain the surge in buying.....Many folk with finger hovering above the buy button.Took someone to start then all on....Have seen this before...does not confirm new uptrend...AGS is a good example....(even had a better rally than PEN from Dec to Feb this year).Look at AGS daily candlestick chart over previous year...It shows a perfect descending wedge formation...That broke start of August...Been lacklustre since.

This weeks XJO has been moving upwards but fell away Friday....Interesting is the JPY/Aud.......Had been trending down and rallied from 80 cents at start of week to 82 cents on Friday then fell away.

VIX chart is interesting....Have been noticing higher lows recently. Viewing 5 year chart I see on every other occasion this happens including small spikes in early 2011 and May this year(except Mid 2010) it spikes upwards soon after....Flippin Yanks have a bad Friday and now VIX is up 13.51% for the day.

Check out Aussiebulls.com on the weekly....View history......Playing out similar to last year....July 2011 and 2012 have a buy which fail then sell soon after....Oct 2011 and 2012 have a buy, soon after in 2011 its a sell then buy late in year at lower value.......We could possibly expect to view a "Sell if" next week then "Sell confirmed" following week.

Ten year chart is interesting.....Slightly messy head and shoulder pattern from mid 2003 to mid 2005.
Nice head and shoulder pattern from 2005 to 2008.
An even more awesome head and shouder pattern from early 2009 to....ahhh?....Hmmmm??.....Hasnt quite completed yet...needs sub 2 cents to complete the right shoulder.

V8 Supercars on tele in NZ shortly.....Flip Im looking forward to that......Will check out Redbacka report on the XJO thread tonight as well....Have a good day all.