charts and trading thoughts

Hello,

I’m new to HC, but not new to trading. I’d like to contribute to the OST forum as that is what I am trading at the moment. Hope others feel free to do the same, in any capacity.

One other thing, apologies if I screw up with uploading charts and having links in my posts as I just worked it all out this weekend over on the ASX General thread. At least I think I did…

For what it’s worth, the markets look set for a bounce IMHO; however they don’t look at all healthy. The Greek turmoil is the big thing, along with a China slowdown to some subtle degree. The saying, ‘Markets don’t like political turmoil or big unknowns’ (or something like that), seems to be relevant at the moment.


"Negotiations to form a new Greek government have failed again and the country is looking more likely to be heading for fresh elections."

Source: Greek ABC Video Update - Sunday 13th


My thoughts are below in with my charts.

Any opinions out there?

Shonan Trader




OST – Daily





OST – Weekly (Gives a better medium term picture than a Daily Chart)





Dow





US$ - A falling US$ is good for the resources sector.





Commodities Index





New York Advance Decline Line – This helps predict the Dow by tracking the number of stocks advancing relative to those that are declining. It helps with probability.





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