30/04/2013
SP500 might get the hourly trends down but remember that there is a very strong cross on upside, a buysignal on this daily chart and I do not expect any drop to get below 1.578. This is probably why the index is holding up so well. There could be several days or longer before the rising 8 MA starts to slacken.
SP500, DOW, DAX and SWED 2 hr now. This is the trading chart now." Buy in November and sell in May and go Away" an American expression.
SP500, DOW, DAX and SWED day now. They might go together to new highs or all stop short of the top
This is the most important chart in today's update in my second blog. See the rest in http//olle-ahlmark.blogpot.com.es
SP500 made a perfect double top intra day and close yesterday. Now comes the very interesting moment or days to see if a new high can be taken or if this is the final top. This is the index which will tell us when it finally is over on upside. But it can be a long time to wait or it can come during this week. Putting in all efforts to follow this index.
Now go to http//olle-ahlmark.blogspot.com.es
28/04/2013
How far does a trend go?. I have written that today in my second blog. Reading this will give you a lot. It is about my own theory, Olle Ahlmark Theory
The address is, http://olle-ahlmark.blogspot.com.es/
Do not miss this blog that has it place not here but in my second blog.
Do not miss this blog that has it place not here but in my second blog.
SWED closed the week just above Fib 61.8 in a double top. The three waves from the bottom was only short covering in my opinion so far. Beginning of week April 29 will show if that short covering is over or not. Be prepared to short this top because the main trend is down.. SEE DAX ABOVE since it closes 4 hours later and use to trade like SWED. Especially 15 and 5 minutes charts
27/04/2013
Learn how to watch curves also in my second blog.
http://olle-ahlmark.blogspot.com.es/
This is the address. Have a look and follow it if you like charts and how and why.
This is the address. Have a look and follow it if you like charts and how and why.
We are at the all time high and the top is probably in. The next days or weeks will be of crucial importance for the world economy when the world stock markets start falling. This is the biggest opportunity in your life to short the markets and you must do it safely with only say four percent of your account because you can be wrong several times and you need to find another top. Only short tops or you will be stopped out.Then hold that position as a long term investment for the next several years. Do never touch it. Do not put any limits or stops on your position because you will be stopped out by robots in short covering. Trust the big trend. You must short the market on a top that you can afford to hold. I took this chance to sell SP500 at 1.591 and hope that this top never will be seen again. I will only close that short position when the bear market is at its bottom in let say three years. This is because the difficulty to take a new short position. Major rallies during the coming months or years you should forget about as long as your position is not threaten. There is nothing regarding your position called profit taking before the big trends very bottom. Do not even think of touching your position. You have shortened the all time high and your position is hopefully in the money. Then you will not touch the buy button for years to come. See my short position which is real as an example on what I mean. I now keep my thumbs that this trial was the final. You can see my short position at the line in the daily chart below.
CHANGE IN BLOG FROM NOW . FOLLOW THE TRENDS IN PICTURE SERIES YOU HAVE NEVER SEEN BEFORE AND LEARN WHERE THE MARKETS WILL GO WITH YOUR OWN BRAIN. The blog will from now show these series charts with only important comments. Look and watch for your self in this order from macro to micro and you will feel where we are heading. First out is the Dow from 16 years to 1 minute. Let start the Zooming.
Growth falls short of forecast in the U.S. Will get worse.
(Reuters) - The economy regained speed in the first quarter, but not as much as expected, heightening fears it could struggle to cope with deep government spending cuts and higher taxes.
Gross domestic product expanded at a 2.5 percent annual rate, the Commerce Department said on Friday, after growth nearly stalled in the fourth quarter. Economists had expected a 3.0 percent growth pace.
26/04/2013
DOW has likely seen its high at 5 in the diagram. It has done the first big wave on downside to number 1 and reached exactly the top of wave 2 which is 61.8 percent of the drop from 5 to 1. Dow might stay at 61.8 percent for a while but as soon as it gets lower the long downtrend will start with wave number 3 if my first prognosis is correct
25/04/2013
SP500 during 22 days to give exact picture of the daily chart plus 30 min, 2 hr and 15 min.
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