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Head and Shoulders detected on the major US indices

[ No Comments ] Posted on 08.25.10 under Trading

Wow wow…. as of last night’s US Home Sales data we have a Head and Shoulders, implying more downside for the Dow. My estimate is that there will be some support @ 10,000 being a round number (but looks like it would be taken out easily and 9,961 would offer some support after which we’ll see some form of strong support around 9,685  and ultimately 9,600 (which translate to a 15% drop from the highs of late april (11,250).

Gold

[ No Comments ] Posted on 07.07.10 under Uncategorized

Recently been real quite busy meeting people and i’ve got to know some great people around. On top of that i’ve also come across a few nice lobangs worth sharing. 2 Questions to ask today…. 1) how many of you have gold from your wedding? 2) Is your gold earning you any cash?

Interested to know how you can make your gold work for you? Or just want to know what i have done to mine? Drop me a msg or ring me up.

Biggest drop in Dow Jones intraday history… 998.50 (9.2%) points

[ No Comments ] Posted on 05.07.10 under Trading

Dear all, i haven’t been updating much on stocks and trading stuff but i just coldn’t refrain myself from posting this in celebration of Dow’s record breaking day. 6th May 2010 marks the biggest intraday drop in Dow Jones history with a 998.5 drop, but at closing it traded back up to close the day at a loss of 348 points

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