Posted on May 21th, 2008 at 08:46 PM
It is always good to zoom out and take a longer term view. In this post I will take a look at some weekly charts.
First is Gold ($GLD). Gold has triggered long on the weekly chart.
Sandisk (SNDK) has a target of about $17.
Posted on May 22nd, 2008 at 07:45 PM
I have been doing some work on the US Dollar index (DX A0). If the US Dollar can find support, that would lend itself to weakness for other currency cross pairs.
First, I applied two Fibonacci Ratio Derivatives (0.618 and its square root, which is 0.786) to the daily chart of (DX A0). That application looks as follows:
