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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
Euro/USD- Do you think we have a potential head and shoulders pattern on the daily chart. The sideways conslidation just before the start of the formation makes it look messy though.
Regards
smiler, you could consider 75.20
Ashraf
however,also on the shanghai index
0.8% box size by 3 box reversal hilo data plot.there is an uptrend line,which can be breached near the 2500 area and a vertical count from the last down thrust column that gives a target of 2050.this count has not been activated.needs a break below 2750 to do this
that is a very bearish downthrust column
[IMGhttp://i28.tinypic.com/2s6r89k.png[/IMG]
the shanghai does not get bearish until 2700 area is breached
check it out
go to stockcharts.com.load the free chart for $ssec.p/f charts eod data are free.
parameters are atr 20 for box size,by 1 box reversal
<a href="http://tinypic.com" target="_blank"><img src="http://i28.tinypic.com/2s6r89k.png" border="0" alt="Image and video hosting by TinyPic"></a>
Ashraf