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Bund - closure well over the slow average, bullish candle, incoming bearish pattern denied

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Mon, 09 May 2011 03:50:10 PDT

	*VOLUME*		*TRENDLINE*
-	vol	down with contraction	next	rr tl ll	+
+	vol vs ma	over	*STATICS*
	*AVERAGES*		static	123.12 can be static ss	+
+	ma	slow can be dynaimc ss	Fibonacci	38.2 (short tf) can be price attractive	+
	ma vs ma	bias uncertain	gap
	*CANDLE*		window
+	kind	bullish three outside up	full price	125
+	reliability	strong	*III DAY COVER*
+	dow	increasing top	y n	no
	*PATTERN*		*OSCILLATORS*
	kind	incoming bearish tweezer	momentum	loss bullish	-
	reliability	none	9 rsi	over 70	-
-	pullback	twizzer's line

+		xxxxxxxx
-		xxxx

Nasdaq - the static line is a valid resistance

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Mon, 09 May 2011 03:42:44 PDT

	*VOLUME*		*TRENDLINE*
-	vol	up with contraction	next	rr tl ll	+
-	vol vs ma	under	*STATICS*
	*AVERAGES*		static	2842.8 rr	-
+	ma	fast can be dynamic ss	Fibonacci	0 can be price attractive
+	ma vs ma	bullish bias	gap	up 4143.18 dw 2421.79
	*CANDLE*		window	bullish market over extended	-
-	kind	spinning top (static)	full price	2800 static	-
	reliability	moderate	*III DAY COVER*
+	dow	increasing top	y n	no
	*PATTERN*		*OSCILLATORS*
	kind	incoming bullish tweezer	momentum	flat
	reliability	none	9 rsi	over 50	+
+	pullback	tweezer's line

+		xxxxxx
-		xxxxxx

Dax - bullish counting, but the closure under 7500 index points isn't a good sign

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Mon, 09 May 2011 03:37:36 PDT

	*VOLUME*		*TRENDLINE*
-	vol	up with contraction	next	rr tl ll	+
+	vol vs ma	over	*STATICS*
	*AVERAGES*		static	7414.3 ss	+
+	ma	fast can be dynamic ss	Fibonacci	0 can be price attractive	+
+	ma vs ma	bullish bias	gap	up 4143.18 dw 2421.79
	*CANDLE*		window	bullish market over extended	-
+	kind	bullish morning star	full price	7500 upper shadow	-
+	reliability	strong	*III DAY COVER*
+	dow	increasing top	y n	no
	*PATTERN*		*OSCILLATORS*
+	kind	bullish h&s; incoming bullish tweezer	momentum	bullish	+
	reliability	need confirmation	9 rsi	over 50	+
-	pullback	neck line

+		xxxxxxxxxxxx
-		xxxx

Long weekend

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:40:00 PDT

. . . news on monday 9

Zero correlations

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:39:25 PDT

The Dax shows a red day with high volume, it's a bearish sign, the two gaps are filled, the bullish pattern is asking for the pullback. The Nasdaq, who closes after the european markets, shows a bounce on the fast average, it's a valid support, a bullish sign, but the closure under the neck line denies the bullish pattern, and the bearish candle it's another bad sign. The stock markets aren't correlated themselves. Let's look if the other markets suggest a possible correlations with one of the stock markets: The Bund shows a red day with high volume, and fixes the closure under Fibonacci, bearish signals. The Euro-Fx, usually a good indicator, shows another long legged candle, high volume, and a flat closure, distribution? So, confusion, no correlations, impossible to make plans.

Euro FX Future - another long legged, high volume, flat closure, distribution?

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:31:00 PDT

	*VOLUME*		*TRENDLINE*
-	vol	flat with expansion	next	rr tl ll	+
-	vol vs ma	over	*STATICS*
	*AVERAGES*		static	1.4687 can be price attractive
+	ma	fast can be dynamic ss	Fibonacci	new higher ground	+
+	ma vs ma	bullish bias	gap
	*CANDLE*		window
	kind	long legged	full price	1.50 - 1.45 statics
	reliability	weak	*III DAY COVER*
+	dow	increasing top	y n	no
	*PATTERN*		*OSCILLATORS*
	kind		momentum	flat
	reliability		9 rsi	over 70	-
	pullback

+		xxxxx
-		xxx

Bund - high volume, closure under Fibonacci

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:25:56 PDT

	*VOLUME*		*TRENDLINE*
-	vol	down with expansion	next	trading range
-	vol vs ma	over	*STATICS*
	*AVERAGES*		static	123.12 can be price attractive
-	ma	middle can be price attractive	Fibonacci	23.6 (short tf) static rr	-
	ma vs ma	bias uncertain	gap
	*CANDLE*		window
	kind	long black (lower shadow)	full price	125
	reliability	weak	*III DAY COVER*
-	dow	increasing bottom	y n	no
	*PATTERN*		*OSCILLATORS*
	kind	incoming bearish h&s	momentum	loss bullish	-
	reliability	none	9 rsi	over 50	+
-	pullback	neck line

+		x
-		xxxxxxx

Nasdaq - bounce on the fast average, it's a valid support, but the closure under the neck line invalids the bullish pattern and the bearish candle it's another bad sign

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:18:47 PDT

	*VOLUME*		*TRENDLINE*
	vol	no data	next	rr tl ll	+
	vol vs ma	no data	*STATICS*
	*AVERAGES*		static	2842.8 rr	-
+	ma	fast can be dynamic ss	Fibonacci	0 can be price attractive
+	ma vs ma	bullish bias	gap	up 4143.18 dw 2421.79
	*CANDLE*		window	bullish market over extended	-
-	kind	bearish three black crows	full price	2800 window	-
-	reliability	strong	*III DAY COVER*
-	dow	increasing bottom	y n	no
	*PATTERN*		*OSCILLATORS*
	kind	incoming bullish tweezer	momentum	loss bullish	-
	reliability	none	9 rsi	over 50	+
+	pullback	tweezer's line

+		xxxx
-		xxxxx

Dax - down with high volume, both gaps are filled, the bullish pattern is askingfor the pullback

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Thu, 05 May 2011 04:09:11 PDT

*VOLUME*			*TRENDLINE*
-	vol	down with expansion		next	on ss tl ll
-	vol vs ma	over		*STATICS*
	*AVERAGES*			static	7414.3 static rr	-
+	ma	flat can be dynamic ss		Fibonacci	0 can be price attractive
+	ma vs ma	bullish bias		gap	5605.1
	*CANDLE*			window
-	kind	bearish long red		full price	7500
	reliability	moderate		*III DAY COVER*
-	dow	increasing bottom		y n	no
	*PATTERN*			*OSCILLATORS*
+	kind	bullish h&s; incoming bullish tweezer		momentum	loss bullish	-
	reliability	not confirmed		9 rsi	over 50	+
-	pullback	low

+		xxxx
-		xxxxxxx

Low correlations

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Wed, 04 May 2011 04:07:27 PDT

The Dax shows the indecision, the volume follows, the bullish pattern needs its bearish pullback. The Nasdaq, who closes after the european markets, shows another test on the neck line, the static line is a valid resistance. The markets are changing their bias from bullish to bearish. Let's look if the other markets suggest a possible correlations with both of the stock markets: The Bund shows a closure on the upper line, it's a bearish sign, however Fibonacci is a valid support. The Euro-Fx, usually a good indicator, shows a trading range phase under Fibonacci, the candle shows indecision. So, the stock markets are changing their moods, but the other markets give us contrasting data.

Euro FX Future - trading range phase under Fibonacci, the candle shows indecision

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Wed, 04 May 2011 04:08:14 PDT

	*VOLUME*		*TRENDLINE*
	vol	flat with expansion	next	rr tl ll	+
	vol vs ma	under	*STATICS*
	*AVERAGES*		static	1.4687
+	ma	fast can be dynamic ss	Fibonacci	0 can be static rr	-
+	ma vs ma	bullish bias	gap
	*CANDLE*		window
	kind	long legged	full price	1.50
	reliability	weak	*III DAY COVER*
-	dow	increasing bottom	y n	no
	*PATTERN*		*OSCILLATORS*
	kind		momentum	flat
	reliability		9 rsi	over 70	-
	pullback

+		xxx
-		xxx

Bund - closure on the upper line, Fibonacci is a valid support

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Wed, 04 May 2011 03:55:36 PDT

	*VOLUME*		*TRENDLINE*
	vol	flat with expansion	next	on rr tl ll
	vol vs ma	under	*STATICS*
	*AVERAGES*		static	123.12 can be price attractive
	ma	slow can be price attractive	Fibonacci	23.6 (short tf) static ss	+
	ma vs ma	bias uncertain	gap
	*CANDLE*		window
+	kind	spinning top - long lower shadow	full price	125
	reliability	modertate	*III DAY COVER*
+	dow	increasing top	y n	no
	*PATTERN*		*OSCILLATORS*
+	kind	bullish flag - incoming bearish h&s	momentum	loss bullish	-
+	reliability	confirmed	9 rsi	over 50	+
	pullback

+		xxxxx
-		x

Nasdaq - another test on the neck line, the static line is a valid resistance

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Wed, 04 May 2011 03:56:21 PDT

	*VOLUME*		*TRENDLINE*
	vol	no data	next	rr tl ll	+
	vol vs ma	no data	*STATICS*
	*AVERAGES*		static	2842.8 rr	-
+	ma	fast can be dynamic ss	Fibonacci	0 can be price attractive
+	ma vs ma	bullish bias	gap	up 4143.18 dw 2421.79
	*CANDLE*		window	bullish market over extended	-
	kind	spinning top (lower shadow)	full price	2800 window	-
	reliability	weak	*III DAY COVER*
-	dow	increasing bottom	y n	no
	*PATTERN*		*OSCILLATORS*
+	kind	bullish h&s; incoming bullish tweezer	momentum	loss bullish	-
+	reliability	confirmed	9 rsi	over 50	+
	pullback

+		xxxxxx
-		xxxxx

Dax - indecision, the volume follows, the bullish pattern needs its pullback

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Wed, 04 May 2011 03:57:42 PDT

	*VOLUME*		*TRENDLINE*
-	vol	down with expansion	next	rr tl ll	+
-	vol vs ma	over	*STATICS*
	*AVERAGES*		static	7414.3 price attractive	-
+	ma	flat can be dynamic ss	Fibonacci	0 can be price attractive
+	ma vs ma	bullish bias	gap	7527.64	+
	*CANDLE*		window	bearish island reversal?
	kind	long legged (two candles)	full price	7500 - closure	+
	reliability	weak	*III DAY COVER*
-	dow	increasing bottom	y n	no
	*PATTERN*		*OSCILLATORS*
+	kind	bullish h&s	momentum	flat
	reliability	not confirmed	9 rsi	over 70	-
-	pullback	low

+		xxxxxx
-		xxxxxx

Moderate correlations

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Tue, 03 May 2011 04:19:20 PDT

The Dax shows a fill on the upper gap, bearish sign, there's an incoming bearish candle, and the bullish pattern needs its pullback, the mood is changing to bearish. The Nasdaq, who closes after the european markets, shows a bearish outside day, and a closure under the static line. The correlation between the two markets is elevated. Let's look if the other markets suggest a possible correlations with both of the stock markets: The averages in the Bund are turned from bearish to uncertain bias, it's a bullish sign, the bullish pattern is confirmed. The Euro-Fx, usually a good indicator, shows another long legged, the indecision is rising, bearish sign. So, the Bund is correctly correlated with the stock markets, but the Euro-Fx is not. However, the signs are clearer than yesterday, good news!

Euro FX Future - another long legged, rising indecision

andrea@ceccarelliepetrocchi.it (Andrea Petrocchi) — Tue, 03 May 2011 04:19:51 PDT

	*VOLUME*		*TRENDLINE*
	vol	flat with expansion	next	rr tl ll	+
	vol vs ma	under	*STATICS*
	*AVERAGES*		static	1.45 can be price attractive
+	ma	fast can be dynamic ss	Fibonacci	new higher ground	+
+	ma vs ma	bullish bias	gap
	*CANDLE*		window
	kind	long legged	full price	1.50 - 1.45 statics
	reliability	weak	*III DAY COVER*
	dow	outside bar	y n	no
	*PATTERN*		*OSCILLATORS*
	kind		momentum	flat
	reliability		9 rsi	over 70	-
	pullback

+		xxxx
-		x