Friday, January 29, 2010

Westfield Gartley Pattern


Here's the potential Gartley Pattern on Westfield WDC.AX. Looks very good considering the market is down strongly in the last couple of days


Woolworths possible bounce in the stock


We have a three touch trendline going on at the moment in Woolworths and would be very surprised if we don't see a nice bounce from these levels in the stock. Stock code is WOW on the Australian Stock Exchange

Obviously great minds think alike we posted after discussion almost on top of each other




Thought I would put a better diagram up for all to see with a the trendline in this time.
 






Still think WOW is a good retracement trade in the making especially since now we have the makings of a Doji today. My logic is simple here this is a case of panic and the news wasn't that bad at all/

Wednesday, January 27, 2010

Carnarvon Petroleum


Analysis indicates that a potential turning point is possible in the stock today






Monday, January 25, 2010

Liquid Natural Gas, Dollar Index and Brambles






Bramble Industries have bounced off some nice support levels today according to the fibs. I would be looking for some decent moves over the coming months back towards the $7.80 levels. Break in the trendline and higher highs and lower lows.

Dollar Index has definately turned the corner, and would be looking for the Us Dollar to strengthen over the coming month or so. Something that could change the dynamics in a lot of other markets.

Liquidified Natural Gas LNG is a commodity that I think will become more and more important over the coming months and years. The chart is indicating that the commodity has turned the corner and we should be looking for nicely increasing prices going forward. As this commodity becomes more and more important to the developing world due to its cleaner burning properties, the demand for it should increase expodentially.






Wednesday, January 13, 2010

RIO & BHP get the tick of approval from Deutsche




The info below is very interesting. Seems that steel is still the big thing, even though there is still a lot of anxiety out there in general. It will be interesting to watch the money flow over the next couple of months as we are definately in for some form of pullback. I am not going to say it is happening just yet, even if I really would like too.
YES I AM STILL IN BEAR MODE.
(Bloomberg) -- Rio Tinto Group and BHP Billiton Ltd., the world’s second-biggest and third-biggest iron ore producers, had their earnings forecasts raised as much as 39 percent by Deutsche Bank AG on increased metal price estimates.