Sexy Declines? Oh Yes!!
Thanks Giving Special: We're celebrating these sexy declines, perhaps you didn't have much joy with them but tradingmarketsignals.com uncovered them and with that we're giving readers the chance to join us exclusively in which we've taken $20 of our 6 month subscription ends 25th November 2010.
As many of you may have been enjoying our articles recently, most of you will appreciate which way we were swaying during the upward surge produced by many markets on the 4th of November: DOWN! Our members were lucky enough to be part of these 'sexy' declines that we have been seeing. You must think I'm losing my marbles, as how on earth can the markets be 'sexy'? Well, if your 'riding' them the right way and the volatility steps up in your favour then no doubt you will also label the markets as 'sexy action', and here's why:
GOLD produces a sexy decline of almost $100 from the highs of 9th November from around $1425.
On the 8th: Price moved to $1400 for the first time ever and we gave an intraday chart to members in which we stated price could move a little higher before pulling back significantly.
On the 9th: Price moved to highs of $1425 and when price was @ $1421 we issued another intraday chart and said the following:
Yesterday we showed a chart for the metal in which we said more upside can follow but overall we could start to look south. The Four Hour chart shows how price is now getting over extended in line with the indicator below.
What's more the media is all catching onto this move above 1400. Of course we could blow of to 1500 but chances are high for prices to be lower looking a few weeks out.
Over the last month the last two times the indicator has been in similar territory Gold has moved lower by $30 first time round and $60 the second time, this could well be a larger decline should this materialise.
Here's that very chart;
This is a chart from the 15th and you can clearly see how we anticipated price to decline further today in which the lower end of the channel was mapped out: Price made a low today at $1329!
And here are closing comments:
We have broken the green upper channel and it seems likely that price will move lower. Moving above the green line can move the rally back into play but it is not likely and a break of the red channel range lines will likely produce further downside.
Dow Jones produces a sexy decline from 11468 from the highs of 5th November in which a near 500 point has been produced!
Our TMS system produced a sell signal from 11358, 11166, 11142 and our intra charts have followed the entire move down in line with charts such as the one below. In addition to this we have also produced a TMS position sell signal which is a trending signal and we'll find out if the market continues trending down.
Euro produced the sexiest decline of them all:
We fired a TMS system sell signal at 14280 on the 4th of November and also gave further sell signals at 14050, 13994, 13748, 13486... In addition to this we also produced a TMS position sell signal which fired at 13751.
Here is the very chart:
What's more our intra charts have been updated daily and we Trading Market Signals has unwrapped this move all the way for our short term members (Intra crowd).
Crude Oil produced a sexy move in which NUMEROUS declines were unwrapped by TMS:
It wasn't all declines and we didn't just stop there: In fact we even participated in a dollar rally! Excuse me did someone say dollar rally?
Dollar/Yen gave a sexy RALLY!
The red line was Buy trigger one and the blue was ultimate buy trigger two. You can see for yourself what happened:
Join us with our Thanks Giving Special: We're celebrating these sexy declines, perhaps you didn't have much joy with them but tradingmarketsignals.com uncovered them and with that we're giving readers the chance to join us exclusively in which we've taken $20 of our 6 month subscription ends 25th November 2010. TradingMarketSignals.com 6 Month - Exclusive
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