bluey's flee bitten friday, page-29

Hello

I am pretty new here so I would be much obliged for some critical thoughts on my comments within my charts below.

I am quite concerned by a possible bear flag on the DOW, that Redbacka touched on yesterday or the day before. Could I get some comments here, the Love Heart Guys in particular, as I don’t have an extensive amount of charting experience, certainly not on this point?

Along with my chart comments, the key indicators for commodities (EUROvs US$, US$, CCI) are not showing much in regards to a move higher, not yet anyway, and BHP has started falling out of bed yet again today.

I am aware that this could all change in days, or even just one day with the right comments from the right bodies (the Fed etc), but for now it looks like things could get worse before they get better, especially with the Greek Election not being until June 17th, options in the US expiring mid-June (I believe) and tax loss selling in OZ this month.

I think it is time (when is not you might ask) that we put on our game faces and prepare for an even greater volatile environment within global markets.

Any comments?

Dow





NY Advance Decline Line





VIX Fear Index





US$





CCI





BHP




Would appreciate a 'thumb up' for my effort here! ; )


Shonan Trader



PS. FYI below:

Bullish for Stocks/Commodities

• Falling US$
• Rising EURO vs. US$
• Rising Commodity Channel Index (CCI)
• Falling VIX
• XSO (Australian Small Ords Index – Often ahead of the trend)

Other Useful Links to help with some T/A Jargon:

Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
Advance/Decline Line
Commodity Channel Index (CCI)