Saturday, 16 October 2010

Looking for a Double Top !

I use a break and close below the Daily 10ema and confirmation the next day to trigger a SELL signal.Only Japan is on a weak SELL signal. FTSE Bears need to see a close below 5600. Looking for the FTSE to range between 5650-5800 next week.

FTSE (5707) S&P500 (1175) and Gold ($1368) have yet to trigger SELL signals in October. SELL orders have been raised to Double Top levels with timeframe signalling an entry early November.

FTSE Sell 5830, Stop 5965
S&P500 Sell 1220, Stop 1250
GOLD Sell $1387 Stop $1422

Market Date Trade PriceStop Target10ema
ASX14Oct BUY 4640 4615 5000 4644
SSEC01Oct BUY 2625 2695 3050 2798
HSI02Sep BUY 20800 22620 2400023190
N22512Oct SELL 9500 9600 8700 9510
FTSE31Aug BUY 5155 5622 5833 5673
Gold01Aug BUY $1180 $1325 $1400 $1352
S&P50001Sep BUY 1055 1153 1220 1165

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