Premium Mooriverwatch Club Service Diary and Trigger's Trading Diary

Formal service has been launched officially from 1st November, 2009.


This is a diary of the service provided to the Premium Mooriverchart Club, so that everyone can see what this subscription service is about.  It also combines my trading diary everyday.

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6 December 2009, 18:47pm, welcome new members and sending out the updates.

6 December 2009, 14:13pm, sending out the weekly overall traiding notes, with some key levels noted for tonight.  We are all set.

6 December 2009, 13:56pm, done the weekly study, but really, it is no longer as important as before, as we will be adjusting the mooferry schedule forecasts according to what takes place overnight in Asia.  The weekly forecasts, though some have been fairly accurate, are just some rough estimate of possibilities for the coming week, as follows:

Prediction for Week 49 (6th December to 12th December 2009):


ftse 100: 5409-4950(actual: ) ;

SPX500: 1122-1085(actual: );

Nikkei 225: 10460-9600(actual: ).

Cable: $1.6525-$1.6112 (actual: $-$ ).

Gold: $1230-$1160( actual:$-$ );

BT Group plc; 142-154 pence (actual:);

Barclays Bank: 325-266 pence (actual:)

Last week's weekly forecasts were not particularly good, apart from the individual company forecasts, however we turned trading around later on and made some good money last week.  Let's wait and see what happens this week. 


6 December 2009, 09:42am, sending out weekly moo river watch on spx500 with charts and trading notes.  Still waiting for the new member DS to email me, this member is a cool person, paying the money and not bothered with receiving my services.  Good on you, in trading, you need to be cool to make loadz money.

5 December 2009, 20:43pm, sending out weekly moo river watch on ftse 100 with charts and trading notes.  Still waiting for new Member D to email me.  Will log off now, be back online tomorrow morning.

5 December 2009, 17:00pm, can new member D email me, as I have tried your email address on the paypal notification, but it did not deliver my message to you.  Thanks.  I will be back online after dinner.

5th December 2009, 17:00pm, sending out weekly moo river watch on BT with charts and trading notes.

5th December 2009, 14:12pm, sending out weekly moo river watch on Barclays with charts and trading notes.

5th December 2009, 10:21am onwards, sending out weekly moo river watch on gold and cable, with a new format, mooriver renko study for investors and mooferry shipping forecasts for daytraders, with charts and trading notes, see how it goes.

4th December 2009, 21:39pm, another week sailing in the moo rivers, feel better as a trader now, but there are better weeks to come.  Here are the results:

Prediction for Week 48 (29th November to 5th December 2009):




ftse 100: 5260-4950(actual: 5375-5183) ;

Dow: 10400-10000(actual: 10519-10263);

Hangseng 42: 21850-19800(actual: 22831-22512 ).

Euro/dollar: $1.5066-$1.4680 (actual: $1.5142-$1.4822 ).

Gold: $1200-$1068( actual:$1226.6-$1147.7 );

Legal & General: 82-72 pence (actual: 81.3-74.3 pence);

RSA: 122-112 pence (actual: 120.6-116.6 pence).

My trading results; +900 points.


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4 December 2009, 19:19pm, after running this Club for almost two months, the jigsaw is finally coming into a good shape, with the moo river watch finally being utilised properly for moo river trading and with so many Mooriver Ferries arriving at their destinations at the right prices and the right time, it is good time to join the Club and have some good old moo fun.  sending out an email on euro/dollar with Gann's fan now saying the final destination might be around $1.4750.  gold has just arrived at $1155.  What a run.

4th December 2009, 19:00pm, there is a lot of yeeeeeehaaaaaaaaaaing from the Mooriver Ferry on gold when it arrived into 1150's just before 19pm, as promised.

4th December 2009, 18:20pm, Mooferry on gold is labouring for the last leg of the journey south towards 1150's, something is asmoke in the engine room, nothing serious according to the Captain, should make it by 19pm.

4th December 2009, 17:31pm, Captain of Mooferry of Euro/dollar announces that we have reached the weekly triangle lowerbank, some happy customers hop off for a nightout in town. sending hourly Gann's fans as well, it seems to say grab the money and have a party as well, though there is one last fan line remaining intact.

4th December 2009, 17:20pm, over on the gold Mooferry, there is some urgent matter at stake there and the Ferry will be steaming south towards 1155ish by 18:00pm.

4th December 2009, 17:03pm, hot off the mooferry press, there was a false alarm about Captain's domestic urgency on the ftse 100 Ferry, now change the call of port at 5215 before 21pm.  Some members grab the pointers and head for the bar already.  The non-farm payroll gap has been filled in and now only the 5190 outstanding, perhaps saved for next week.

4th December 2009, 16:51pm, it will be another full house in the mooferry bar tonight, with many happy members there.

4th December 2009, 16:47pm, urgent tidings from the Mooferry, it is now steaming south to arrive at 5180's by 20:00pm tonight.

4th December 2009, 16:35pm, Mooferry is on the move on ftse 100 in the downstream moo river as well, we have made our first port call at the close of cash and now some routine refilling, we are scheduled to make another port call at 5225 by the 18th hour tonight.

4 December 2009, 15:15pm, more winning members feeding back, on euro/dollar etc.  It is a mixed day for the mooriver traders, bull or bear or bullbear.

4 December 2009, 15:07pm, sending out an update on Hangseng 42, advising bears to stay away from this one or focus only on the big bank shorts, like on weekly.  One of those days, one of the bank shorts will net a few thousand pointers in one go (in one week).

4 December 2009, 14:56pm, receiving some happy feedback from bullbear members.

4 December 2009, 14:53pm, working out the possibilities on Legal and General.  It coud go big time either way, but none confirmed yet. Seems that we have learnt that on big days like this, we can not run our mooriver ferries on 15m moorivers.

4 December 2009, 14:25pm, reporting bursting of another moo river upperbank on ftse 100 and loss of a Ferry for bears, but happy bulls though.  Now will work out further plans from here for both parties.  We are still meandering in the bigger scheme of things. Yesterday's closing gap at 5313 has been filled.  Now there is only that 5190 to be filled one day.

4 December 2009, 14:15pm, sending out update on dow, moo river upperbank burst, and reporting loss of a Ferry. Now worked out some plans for both bulls and bears on 4 hourly.  On the non-farm payroll day, 15m moo rivers are easily burst.

4 December 14:03pm, sending out update on the mooriver Ferry on euro/dollar, it has arrived at $1.50 well ahead of schedule, now targeting $1.4680 by 21pm tonight.

4 December 2009, 13:57pm, moo river Ferry has arrived at 1185 well ahead of schedule. now new target at 1150 dollars before 21pm tonight.  Going for gold, Gold!

4 December 2009, 13:01pm, sending out an update on euro/dollar, seems to have finished its maintenance routine, now the Ferry is ready to go, either a big up or big down.  For the down journey, $1.50 by 18:30pm tonight.

4 December 2009, 12:53pm, sending out an update on dow, ready for some explosive actions, bulls and bears. and also a newsflow update, there is only that non-farm payroll that matters!

4 December 2009, 12:35pm, sending out  an update  on Legal & General, this Ferry has been slow going through the maintenance routine and will be running very late today. RSA seems to be on schedule.

4 December 2009, 12:05pm onwards, updated on gold: we are almost ready for the Mooriver Ferry journey south towards 5185 by 15:30pm this afternoon; on ftse 100: Captain is running up a temper, as the Ferry has been moored and does not seem to be ready to go anywhere yet, working out 3 different scenarios.

4 December 2009, 09:28pm, sending out the mooriver ferry schedule on Legal and General, to reach 79 pence by 12pm and 75 pence by 16:30pm.

4 December 2009, 09:15pm, sending out the mooriver ferry schedule on RSA, to reach 112 pence by 4:30pm.

4 December 2009, 08:46am, sending out the ABC on gold for this morning session.  Scalping this morning all around.

4 December 2009, 08:21am, sending out updates on dow, planning carefully about the mooriver ferry journey this afternoon.

4th December 2009, 06:23am onwards, sending out a round of morning updates: gold, very happy for it to achieve 1200 dollars overnight, the mooriver Ferry arrive yet again; Hangseng, excellent call overnight for a rise, which was almost inch perfect; euro/dollar has probably a final leg down, though most of the mooriver ferry journey has been completed; ftse 100 will in a random walk range for the morning, there is an opening gap at 5313 for aggressive bulls.  We wait for the next mooriver Ferry later on.

3rd December 2009, 21:17pm, our mooriver Ferry has arrived at its destination and happy mooriver members head for the bar on the Ferry, welcoming new members on board. It has been yet another magic day.

3rd December 2009, 19:10pm, receiving happy feedback from Club members on board of the Mooriver Ferry on ftse 100.

3rd December 2009, 19:04pm, sending out a latest on the mooriver ferry on ftse 100:

"the stowaway bears had a tussle with some of the bulls on board of the mooriver ferry and some bears jumped off board into the crystal clear moo river for a swim home instead.


Now the Ferry needs to be turned around shortly, to call at 5278 by 9:30pm tonight".


3rd December 2009, 15:50pm, hot off the mooriver Ferry press: "mooriver ferry has been halted, pending a ticket inspection, rumour has it, there are quite a few stowaway bears on board.




Free rides by the bears, there is a public outrage on the Ferry and we are not going anywhere until the bears present

themselves or bribe the Ferryman with some free bear pointers."
 
3rd December 2009, 15:42pm, sending out the following message with updated chart on ftse 100: "with his old trusted right boot, Ferryman stubs his fag and draws a new moo river to cross to reach 5290 by 19:00pm, if not sooner,


as Ferryman's wife has prepared a special dinner tonight"
3rd December 2009, sending out update on ftse 100, mooriver ferry has had a beautiful crossing and now the Ferryman is having a fag rest.

3rd December 2009, 14:53pm, informing that the mooriver ferry has been delayed to reach 5290 by 19:00pm tonight.

3rd Decemer 2009, 14:13pm, sending a further update on ftse 100, now aiming for 5290 by 17:15pm; update on gold as well, testing neckline.

3rd December 2009, 14:05pm, having decided on 4 hourly for ftse 100 to meander, now try to work out the path of meandering on 15m with two possible Fib targets by 16pm'ish.

3rd December 2009, 13:38pm, sending out update on newsflow today and ftse 100, which has started its meandering process with various Fib targets.

3rd December 2009, 12:46pm, sending out breakout watch alert on SPX500, though it might stay within the wedge for another week.

3rd December 2009, 12:16pm, sending out alert for bears on ftse 100, as our Wedge is broken finally!  Stay on board till we fill that gap at 5190; updated on RSA, pending a key challenge at 112 pence; L&G, finding myself tempted to buy it, though ftse is still in 5300's, not in 4000's.

3rd December 2009, 12:12pm, sending out an update on Lloyds Banking Group, the 14th ranked share in ftse 100, more expensive by capitalisation than Barclays and Standard Chartered, identifying the only reason to buy it and at what price.

3rd December 2009, 12:03pm, sending out updates on Wall Street, best avoided with 10400 line in the sand for both camps; Euro/dollar, a bank short perhaps for a triangle bank short as well as a Double top short, also alerting bulls for any breakout trades; Barclays: tempted as a medium-term investment, but it is a question to time it well.

3rd December 2009, 11:50am, sending out updates on gold (still meandering on the Summit, though pondering whether this is the week or another week for the big tanking down); ftse 100, had a good gap short this morning.

3rd December 2009, 10:13am, updated on gold, looking hopeful for a reversal from last night's Head; ftse is still stuck in the wedge, opening gap at 5327 unfilled and the old one at 5190.

3rd December 2009, 06:30am onwards, sending out morning updates on various instruments.  Hangseng is ripe for a right shoulder short; gold is ripe for a short of the Century, though only for those with strong discipline and strict stop loss; euro/dollar, best avoided; ftse 100 both a short and stop buy for bears and bulls. All very interesting morning really.  Get ready for some action here.

2nd December 2009, 19:26pm, sending out a Daily moo river watch on SPX500 just now:

weekly




Momentums: they are all slithering downwards, showing no particular signs of bullishness and rsi has also slithered itself through the lowerbank of an upstream moo river, but stoch is bullishly crossed and Momentum has tanked down through the lowerbank of the upstream moo river already. It does not smell right, rising price based on waning momentums, bearish divergence, it is!



Price chart: this is the key week to make or break for spx500, because it seems to be smuggling itself through a long running downstream moo river's upperbank, hence falsifying the call that this rally is a bear market rally. To achieve that, it must close the week above 1100 this week. Price actually fell out of this upstream moo river four weeks ago, but that was the only minor breach for the lowerbank, holding firm at 1092ish.



EMA 200 is still bearishly piling down as a ceiling at 1153ish; with ema100 as the key support so far at 1073ish and ema 20 is at 1043, the EMAs are still bearishly configured.



Daily



Momentums: they are bending up, sharply on stoch and bullishly crossed there, rsi had the potential to shape up an odd W, but now it is looking less likely; Momentum is tangling with 0.



Price chart: it seems to have a three peaks pattern there with a target for a trough near 1054 as a target for a pullback, before rising to a Domed House.



Ema's are bullishly configured, with ema20 at 1094 as support 1 and ema 100 at 1050 and ema200 at 1012.



Hourly



Momentums: all bearishly poised;



Price chart: as long as we stay above 1100, the bulls are ok.



Good luck all.


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2nd December 2009, 19:03pm, sending out a daily moo river watch on gold as follows:

Weekly


Momentums: sky is the limit here, with rsi at a nice 83.5, still not quite 100 yet; stoch is only 96.35, not 100 yet; Momentum has the potential to shape up an M at the moment. It is all very bullish here;

Price chart: we all know we are in this superbull run, with either here or just under 1250ish as the maximum top of this current leg up. We have five consecutive green weekly candles. It certainly smacks of a parabolic rise.

EMAs are bullishly configured and supportive of the bull run.

Daily

Momentums: all very bullishly bending up here, with rsi at a modest 81.23; stoch at 89.91 and momentum also supports the bulls. There is no sign of bearishness yet, but rsi does have the potential to shape up an M there, so do all three of them, in fact;

Price chart:

We had one attack upon the ema20 because of the Dubai scare, and that was all that the bears could muster, it seems. So if you are a suffering bear, best watch that ema20 for now, which is quite far away down there at 1156 dollars.

Hourly

Momentums: we are slithering down a bit, all three of them, rsi, stoch and Momentum. Must be a bargain for the superbulls to buy on any dips and dives! Stoch is bearishly crossed, just!

Price chart: We are well supported by ema20 with five failed attacks in the past few hours and now it sits at 1209, a breach there is the first bear victory required. We seem to be thinking about something, whether to shoot higher or tank down, a big decision to be made by the superbulls at Goldman Saches, does the name ring a bell, Goldman?




2 December 2009, 18:33pm, well it is a bit of bullbluffing again as we are back under 5330, the line in the sand for bulls and bears.

2 December 2009, 15:26pm, sending out update on ftse 100, asking bears to chill out with a beer until the market comes back under 5330, it is all bulls above there and we have got until 16pm to find out more about the 4 hourly candle.

2 December 2009, 13:20pm, there is an opening gap unfilled at 5190 for ftse 100.

2 December 2009, 11:30am onwards, sending out a round of updates, seems the mornings updates have been fairly to the point so far.  Covered some companies as well, like Barclays, Lloyds, Land Securities, Man Group, Legal&General and RSA, exploring options for bulls and bears.

2 December 2009, 07:33am, non-farm payroll on Friday.  Non-farm payroll weeks are difficult to trade.  Normally, the markets would go in one hard and then rallying back to the middel to wait for the non-farm news, spike and dive a few times, then go one way hard and sometimes reverses next week, on second thoughts.  It is great fun if you get it absolutely right.

2 December 2009, 06:50am onwards, sending out a round of updates.  The word Meandering gets mentioned a lot. This morning's updates are very detailed, explored the medium term outlook and short term trading notes for both bulls and bears on all the instruments covered apart from the two companies.  Meandering, a fascinating word, indeed. 

1 December 2009, 22:01pm, sending out update on gold, stop short is a better option at 1189 and 1169 dollars for a ride down, when it does come back down; ftse 100 is a PK short at 5314; Hangseng 42 is a Wedge bank short at 22344 for a ride down to 21960.  good night.

1 December 2009, 18:09pm, sending out a daily moo river watch on ftse 100 based on my quick charts, as follows:

Weekly




Momentums: we are trying to be bullish here, but not very convincingly. RSI is trying to bend up to shape up a W; stoch is still bearishly crossed; momentum has penetrated the lowerbank of the upstream moo river;



Price chart: I draw many moo rivers there and this one has fulfilled one mid section of this giant upstream moo river. Alas, bears, our idea of a downturn is only a pullback in the bull run or a meandering down in an upstream moo river. Crucially, this ema200 is holding up the bulls at 5194, which was why Monday's 5180ish became so vital to the bulls. For now, we have hit the ceiling here;



Daily



Momentums: they are more bullish than bearish. RSI is shaping up a W there, stoch is bullishly crossed and momentum has bent up. So this is where the bulls draw their strength;



Price chart: there is still a little upside until we hit one of three upperbanks, near 5333 today. Friday's superhammer is giving bulls plenty of enthusiasm.



Hourly



Momentums: we are slithering on top of the cliffs, pending a decision;



Price chart: 5330ish beckons and watch out for the crossing amongst the ema's, for now, ema200 is still on top of the others, bearishly.



The big price range is between 5330 and 5190 with perhaps 5250 as the key support.
1 December 2009, 16:50pm, sending out a reflection on the weekly forecasts, 3 are still standing, but the other four are looking a bit overstretched, I have obviously underestimated the bulls.

1 December 2009, 15:00pm onwards, it does look bullish but feels bearish, so perhaps it is a perfect time for some scalping.  Sending out updates on various instruments, it is difficult to call. Meandering still looms large, but bulls are doing their best.  Hold off that crossing dream, we scalp for now.

1 December 2009, 11:07am, updated on Legal and General and RSA, both at a critical tipping point, a breakdown there will be significant; Barclays, exploring when to buy these shares; banking sector: meandering.

1 December 2009, 10:30am, sending out another round of updates, things have changed a lot since I did the school run today.  Dow is meandering, ftse 100 has a bank short opportunity, euro/dollar has a Ceiling short opportunity, gold is best avoided for now, Hangseng 42 has a shorting opportunity as well.  Still, this is almost the last bear frontier, so alerted bulls to wake up too, for breakouts.

1 December 2009, 6:59am onwards, welcoming new members, sending out a round of updates, noted the Asian rallies and still thought it was bullbluffing, but preached caution.

30 November 2009, 21:56pm, sending out an update on Hangseng 42, still in the meandering range, pending a full crossing down as well, I think this is very much the global theme.  The whole world is waiting to see whether Dubai can be sorted out, or Dubai 2 and Dubai 3 are emerging like mushrooms.

30 November 2009, 20:27pm, sending out updates on Legal and General (meandering in the upstream moo river) and RSA, on the edge of the slope, there is a line in the sand at 109 pence.

30 November 2009, 18:30pm onwards, updated on all indices, gold and euro/dollar, still waiting for this full crossing down.  Gold is the wicked one, playing a wild card.  It is a matter of time, not a question of whether.

30 November 2009, 13:51pm, by the way, there are the weekly forecasts, I think they are still reasonably sound:

Prediction for Week 48 (29th November to 4th December 2009):


ftse 100: 5260-4950(actual: ) ;

Dow: 10400-10000(actual: );

Hangseng 42: 21850-19800(actual: ).

Euro/dollar: $1.5066-$1.4680 (actual: $-$ ).

Gold: $1200-$1068( actual:$-$ );

Legal & General: 82-72 pence;

RSA: 122-112 pence.

30 November 2009, 13:42pm, sending out an update on gold, the triangle of hesitation is almost filled up now, time for a major move soon.  We are waiting for the yankies to join in the action.

30 November 2009, 13:37pm, sending out an update on cable, exploring the possible acceleration and the meandering and topping exercise for now and it shows similarities to the other instruments we cover for an impending crossing as well.

30 November 2009, 13:26pm, sending out an update on euro/dollar, this one is for scalping trade as it is stuck in a meandering process.

30 November 2009, 13:00pm, sending out updates on ftse 100 and dow, the crossing is almost certain, it is not a matter of whether but a matter of when.

30 November 2009, 11:08am, sending out updates on spx 500, we moos have made up our minds here, a breakdown watch and a crossing downstreams are the more likely outcomes.

30 November 2009, 10:40am, sending out an update on gold, which is filling fully its triangle of hesitation, pending a full crossing down.

30 November 2009, 10:18am, sending out an hourly on ftse 100, it is all about reverse psychology in trading, in terms of last Friday and today.  This is going to be one very black Monday indeed.

30 November 2009, 10am, receiving positive feedback from members by the simplified moo river trading system, it is now a more straight forward business, bull or bear.  updated on companies, the individual company charts are down, but we are headed the right way.

30 November 2009, 09:36am, we are in crossing trades times here, so sending out various updates to clarify the triangle of hesitation and the full crossing targets. Also sending out a moo river trading notes to make things easy, simple and more likely to product good results.

30 November 2009, 09:00am, all happy bears here, what a round of bargain shorts from this morning's calls, there is no better time to join the Club than now.  After December, the membership fee goes up to £50 a month.

30 November 2009, 07:30am onwards, sending out a round of updates, the overnight Asian rally was merely a copycat bounce of the Western markets on Friday, now there are so many value shorts for bears today.  We are going down here soon, big time.  We have almost done the meandering, now the crossing is about to take place, hold on for the rides.

29 November 2009, 22:00pm, sending out a 4 hourly chart on euro/dollar to update what sort of trading is possible here, for me, it is meandering and hence a scalping trading range.

29 November 2009, 11:00am, sending out weekly moo river watch on RSA, weekly reflections and planning ahead notes.  We are all set for the new trading week, a very volatile one. Check out this week's forecasts: http://mooriverwatch.blogspot.com/2009/04/weekly-forecastsresults.html

29 November 2009, 10:08am, sending out weekly moo river watch on Legal & General with no charts, as it was based on Quick chart (there is a problem with my market maker).

28 November 2009, 21:11pm, sending out weekly moo river watch on ftse 100 with charts and trading notes.  It is possible that we might have two possible high probability trades for Sunday night.  It is going to be a volatile day this Monday, if you don't fancy it, best avoid it altogether as it might turn out to be the Blackest Monday of 2009, though it might be snowing in the North of UK on Monday.

28 November 2009, 18:28pm, sending out weekly moo river watch on dow with charts and trading notes, no bank trades there yet, though it is more bearish than bullish with a broken a wedge.

28 November 2009, 16:00pm, sending out weekly moo river watch on euro/dollar with charts and trading notes, quite a tricky one to start with, so best avoided for the moment, until some clarifications coming through, perhaps after Monday, no bank trades yet.

28 November 2009, 10:43am, sending out weekly moo river watch on gold and some trading notes with weekly and 4 hourly charts. Possible bank trade, but a big risky for a possible spike.  Putting on membership subscription facility due to demands by members, for automatic payments.

28 November 2009, 10:00am, sending out weekly moo river watch on Hangseng 42 and some trading notes with weekly and 4 hourly charts.  No bank trades there at this moment.

27 November 2009, 19:36pm, have been running this Club for almost two months now. still seeking further and continuous improvements.  This week's changes of format to the regular updates have been warmly welcomed by members.  Here are the results for this week's watch and my trading:

Prediction for Week 47 (22nd November to 28th November 2009):






ftse 100: 5310-4950(actual: 5381-5084) ;

SPx500: 1098-1038(actual: 1113-1068 );

Nikkei 225: 9609-9200(actual: 9608-9003 ).

Cable: $1.6620-$1.5970 (actual: $1.6747-$1.6212 ).

Gold: $1158-$1032( actual:$1195-$1138 );

Land securities: 700-640 pence (actual: 705-643 pence )

Man Group: 355-305 pence (actual: 353-315 )

Result for my trading for Week 47: +520 points.

A mixed bag of results.  Japan was spot on till Thursday night, until a Black Friday spoiled the forecast.  Could have been better in trading, but there is always next week. 






27 November 2009, 17:08pm onwards, sending out updates on ftse 100 and Hangseng 42.  FTSE 100 might have a new downstream moo river and Hangseng has a confirmed broken wedge.  All to play for a Black Monday.

27 November 2009, 14:18pm, updated on BHP, could potentially be an opportunity for a break neck short.

27 November 2009, 14:09pm, sending out an update on Man group as follows, titled "Giant M????"

well, we are almost hitting my target, or we are on the way there.


But this one does worry me, if you are thinking of buying, as this looks such a Giant M to me. On a firm break of 300 pence, the floodgate may be opened.

bulls: if you have to buy, stop loss 296 pence maximum, in this climate, better give it a miss;

bears: watch out for a break down short, under 296 pence.

good luck all.


27 November 2009, 13:31pm, sending out a moolingo message, also warning of selloff NO.2, where there is no holdsbar, as the governments won't intervene this time. 

27 November 2009, 13:13pm, sending out updates on dow, a broken wedge has its own target; on ftse 100, it is a downstream moo river, but we are meandering.

27 November 2009, 11:19am, updated on gold, the meandering starts.

27 November 2009, 11:01am, updated on LBG, a tricky one, perhaps it is better for the long-term investors to average down slowly, it is possible to have a double bottom in 30's.

27 November 2009, 10:33am, too busy to update here.  been sending out various updates, exploring the scenes in various markets.  What we have here is that we have broken out various set chart patterns, like Head and Shoulders and wedges etc.  We have had a fall, but they only confirmed that there is further downside to come yet.

27 November 2009, 07:43pm, yeeeeeeeeeehaaaaaaaaaaaaaaaaaaa, we have nailed them all!  sending out a round of updates with lots of yeeeeeeeeeeeeeehaaaaaaaaaaaaa in them, limit short on ftse 100 hit for all members if they chose to trade ftse 100 last night, beautiful, we have nailed the lot of them, by identifying the broken wedges and the bearish patterns last night.  There is no better time to join the Club than today!

26 November 2009, 21:58pm, sending out a round of updates on various instruments, some are hanging in midriver, others have broken necks and other oddities.  It is not conclusive, but slightly tilted towards the bear side.

26 November 2009, 19:13pm, just sent out a daily moo river watch on ftse 100:

daily moo river watch




weekly



Momentums: rsi is extending itself towards the lowerbank of this upstream moo river, which I think has finished its job, as it did reach into 70's in September; stoch has gone bearishly crossed, still at 84; momentum has slithered itself through the lowerbank of the upstream moo river, perhaps quite a significant development.



Price: we spiked onto a second-tier upperbank, which has been resisting bull advances for the past two weeks and now it has tanked down to test ema 200 at 5193 again, which has been supporting the bulls for the past three weeks. A penetration of this ema200 seems to be important. If it goes, price has come back down into the former downstream moo river, which is interesting.



Daily



Momentums: all bending sharply downwards and bearishly crossed. RSI is still at 45;



Price chart: it is testing that former downstream moo river's broken upperbank, resistance now turned support, very important momentum is coming up.



If this former upperbank is broken, then we are headed for 5150ish and after that, there are three targets coming up, 5103; 5031 and 5000ish, final. Let's stop there and take one step at a time.



While there are no more bank trades, there is this stop short at 5185 for 5150, but the risk and return may not be appetising for you.



Good luck
26 November 2009, 19:00pm, while it is quiet, reflected upon and talked about moo river trading: http://mooriverwatch.blogspot.com/2009/04/moo-river-trading-system.html.

26 November 2009, 18:45pm, sending out gold chart, too strong for my liking, still it is meandering in my opinion, so scalping is possible though gold is wild; sending out ftse 100 chart, informing that I have cashed all my profitable shorts for the day and will reload into rallies and spikes, as I am a permabear.  But there are no more bank trades any more.

26 November 2009, 16:50pm, informing that have taken some profit under 5200 on ftse 100 shorts, as gold is still meandering and holding onto its neckline.

26 November 2009, 15:52pm, sending out the gold chart and informing of cross referencing point for this bear run.

26 November 2009, 15:25pm, sending out a breakdown watch alert on Hangseng 42.

26 November 2009, 14:17pm, sending out updates on gold, alerting bears that we might kick off the second half shortly and highlighted some bearish candle patterns on daily.

26 November 2009, 13:53pm, sending out an update on BHP.  Well this morning's updates were full of bank trades.  You are either riding them or you are giving them a miss.  Now we are in the middle of a fall and we have taken a break everywhere.  Still, this one has more bearish possibilities with a potential head and shoulder pattern.

26 November 2009, 13:39pm, sending out update on cable, it is in the middle of a crossing downwards.  This is all over the place, we are in the middle of a fall, but we are taking a breather.

26 November 2009, 12:53pm, there is one member whose normal email box is experiencing problems.  Could you check your personal email.

26 November 2009, 12:37pm, sending out an update on Hangseng 42, the tightening wedge is still there to be broken or defended, but also there is a Head and shoulder pattern, with a broken neckline.


26 November 2009, 11:45pm sending out an update on gold, exploring the meandering process in terms of the moo rivers.

26 November 2009, 10:12am, sending out 4 hourly ftse 100 with momentums.

26 November 2009, 09:30am, sending out an update on ftse 100, taking some profit and a breather, we are rolling in bear pointers today; advising bulls go on holidays.

26 November 2009, 08:19am, with so many bank trades turning in for members, there is no better time to join.  Still the bargain season, pay for December and get the final few days of November free, everyone loves a bargain.

26 November 2007, 07:03am onwards, sending out a full round of updates.  last night's banks shorts have gone in well, sending out further bank trades calls, also sending out a few avoid for now calls, like BP and Barclays.

25 November 2009, 21:50pm, sending out a round of updates on gold and indices, lots of bank shorts there.  Must be an exciting night for Asia.

25 November 2009, 19:36pm, sending out an update on Japan and Hong Kong, Japan is to be avoided and Hangseng 42 is still stuck, but we did notice some candle patterns on the weekly chart. 

25 November 2009, 19:10pm, sending out an update on hourly ftse 100 and exploring the moolingo, made quite a few good bank trades calls today, and we will focus on those and try to make more money that way.

25 November 2009, 18:11pm, sending out on an update on cable, earlier had a good shout for a bank short and it has come down, but now we seem to be stuck in a triangle as well, triangles everywhere, apart from gold, sky is the limit on that one, but I think a top is very very close now, after this parabolic run.

25 November 2009, 16:01pm, sending out updates on gold and ftse 100, two focuses here, as the yankies are going home for Thanksgiving soon.

25 November 2009, 14:55pm, sending out a 4 hourly chart on gold, noting the huge bearish divergence there and I think our chart pattern still survives in an odd way.

25 November 2009, 13:00pm onwards, sending out a round of updates on companies including BP, BHP, LBG, Man Group, Land securities etc.  I have highlighted a few bank trades.  Bank trades are more higher probability, lower risk and higher profitability trades, which are placed near the moo river banks.  Some emails highlighted the instruments to be avoided for now.  For example, if the triangle is getting too tight to trade within the range, it is best avoided until a breakout.

25 November 2009, 12:40pm onwards, sending out a round of new format updates, which has received positive feedbacks from members this morning.  The new format contains options and levels for both bears and bulls and highlight whether it is avoid for now and bank trades (trades near the banks of moo rivers).  Hopefully, this way it will be possible to make money both ways, with no particular bias.

25 November 2009, 09:17am, sending out another update on ftse 100, so far so good for bears, but also identified the level for bulls to buy and targets in the moo rivers.

25 November 2009, 08:30am, sending out a round of updates on companies, identifying key moo river buying and selling levels.

25 November 2009, 08:15am, sending out updates on gold, urging a sharp focus on gold, whether to trade it or not, it is not the issue.  It is to keep an eye on it as once confirmed, we have many weeks to trade gold with no fear for a lot of profits.

25 November 2009, 07:20am onwards, sending out a round of updates on the various markets.  Gold has reached our final budgeted top for the week, above 1200, it is definitely no bear's land; cable has broken out of the downstream moo river; Hangseng 42 and Spx500 still get stuck in the tightening wedge; ftse 100 is going to test the final frontier near 5375, above there, it is a no bear's land.  There is an opening gap at 5324 from yesterday.  A lot of happening today, as this is the last day before Thanksgiving for the yankies to square their books and go for their annual holidays.  High Court judge announces decision on bank charges, a day before LBG goes ex-rights issue tomorrow.  Should be an interesting day.

24 November 2009, 20:30pm onwards, talking to members on MSN.

24 November 2009, 20:46pm, sending an update on Hangseng 42, still the wedge is tightening and is still there.  It has a huge bearish divergence there, but somehow I am feeling maybe it will hold for one more week.

24 November 2009, 18:00pm onwards, sending out a full round of updates, in the format of trading plans by both bulls and bears, I think this is the format I am going to do now, to get rid of my bearish bias!  I am always keen on new ideas and new improvement to the service.  See how it goes.


24 November 2009, 16:58pm, sending out updates on ftse 100 hourly and 4 hourly, bears are growling now, but only scalping yet, until we break 5300ish, then we trendride, hopefully it is a 5 wave bear run this time.

24 November 2009, updated on ftse 100 with a detailed EWT wave counts to complete the 5 wave down, where we have already had wave i and ii in Wave 3 down.

24 November 2009, 11:13pm, sending out a round of updates, SPX500 has a similar tightening wedge as of Hangseng 42, a break out or a break down will be significant.  Dow has a stalemate Western Front, where each party is digging in deep along the upperbank of the upstream moo river; gold is threatening with new highs. Japan is lifeless and in a free fall, but trying to slow down and let the rest of the gang catching up with him.

24 November 2009, 10:53am, sending out an update on gold, highlighting the possible double M top, still needing the confirmation, which is the hardest thing in trading.

24 November 2009, 10:37am, sending out a more detailed hourly chart on ftse 100, depicting the five wave run, where we are just about to kick off Wave 3 down towards 5120ish, after we have filled in the opening gap from yesterday at 5356.

24 November 2009, 10:26am, sending out update on ftse 100, with a bank shorting opportunity near 5350.  It is a ride down from here.

24 November 2009, 10:09am, updated on Man group, maybe it is a good price to get out of longs at 350 pence; Lloyds, still a short to me under 95 pence; reloading shorts on ftse 100, though the downside is not confirmed and safer shorts are under 5290 to 5200ish.  Gold made it to 1170 again, which is a slight concern.  While we have the chart pattern, it needs a confirmation to the downside.

24 November 2009 07:59am, identified LBG and BHP as two bear bargains.

24 November 2009, 07:00am onwards, sending out a round up of all the indices, the pump was done yesterday and now the dump has just started, it will be a prolonged dump, as the big boys have got loads to offload before they head off for their annual holidays.  Hold on for the rides.  The two master route maps on ftse 100 and gold may work out well for us all.

23 November 2009, 22:00pm, time to log off.  It is really a story of Hangseng 42 or the Chinese story and the dollar story, which affects gold, the wildest beast of all.  I wonder whether our master route map will be able to tame it for the coming few weeks.  We are still pending a key confirmation.

23 November 2009, 21pm onwards, talking to members on MSN and via emails.


23 November 2009, 20:36pm, sending out updates on gold, urging the gold traders to follow through on our master route map and not to be deterred by the Moocano eruption today.

23 November 2009, 18:32pm, sending out update on cable, looks like a perfect weekly forecast to come to me.  Pump and dump, that is what the MMs do.

23 November 2009, 18:25pm, Hangseng 42 is still in the tightening wedge, getting squeezed in there, but it is not going to be there for ever.

23 November 2009, 18:07pm, our master route maps on gold and ftse 100 had to be redrawn, but they seem to be on track now, pending some confirmation.  Fortunately, the chart pattern on gold, if correct, will start us off on a sustained run for weeks; the chart pattern on FTSE 100 has only limited use to its intended target near 5000.

23 November 2009, 15:41pm, sending out a round of updates on all the instruments. I am still calling the bulls bluff, but this bluff is a big one.  Had to redraw the master route maps on ftse 100 and gold.  Watch Hangseng 42 closely

23 November 2009, 14:58pm, sending out an update on gold, but we are fighting the bulls at the moment, we will be laying ambush when they get tired and come back down to 1130's.  We will lay an ambush after that point according to our master chart pattern.

23 November 2009, 12:32pm, seems to be one of either break out higher to trend or breakdown to trend hard days, so you have to pick your sides and work out your plan and trade accordingly.  sending out a round of updates on the indices.  Intriguing market, something is being brewed.  I stay a bear, but that was my last short on ftse 100, above 5350, I do absolutely nothing until 5400ish.

23 November 2009, 10:12am, sending out updates on Man and Land Securities, both hitting my weekly top target, which is encouraging for the bears, surely.  Still it is a lot of bull bluff this morning and it is more likely to tank from here than shoot.  I am out and about in the sunshine for a while.

23 November 2009, 10:00am, sending out a round of updates on various companies, like LBG, Barclays, HSBC, BHP etc.. It seems that it is trick or treat time, or a breakdown or a breakout upwards, so it is tradable, but must trade with a tight stop loss and be ready to switch sides.

23 November 2009, 09:08am, sending out various updates on gold, explaining why I stay a bear and explore how we might catch the downside on a safe bet.

23 November 2009, 08:43am, sending out various updates on ftse, hourly, 4 hourly and 15m.  This 5340 area is the final frontier for bears, once this is breached, it is no bear's land until a double top near 5400 and perhaps higher.

23 November 2009, 08:23am, sending out updates on Man and Land Securities, a meandering day to start the week off.

23 November 2009, 08:13am, sending out first trade alert on ftse 100.

23rd November 2009, 07:20am onwards, sending out a round of updates.  Bulls are bluffing on a Monday.  We stay bears and stick to our bear plans.

22nd November 2009, 21:22pm, sending out a weekly chart on Hangseng 42, highlighting the must watch situation there in the tightening wedge.

22nd November 2009, 21:00pm, welcoming new members and forwarding weekly updates.  It is that time of the night again that we will have to sleep on our trading plans for the week until tomorrow morning.  I hope you have all drawn up a Plan B and C as well.  To trade or not to trade, that is the hardest question; then it is to long or to short; then it is to scalp or to trendtrade; then it is when to exit; trading is a constant process of making decisions.  Good luck and good night.

22nd Novmeber 2009, 11:30am, sending out a weekly update on Lloyds Banking Group, as we have a few bancoholics here looking to buy the banks on the cheap, explored a few options there with regard to Barclays, HSBC and RBS as well.

22 November 2009, 10:30am, sending out a final trading notes on the coming week, advising what to watch out for if the weather forecast is incorrect for the week.  The forecasts for the coming week are as follows:

Prediction for Week 47 (22nd November to 28th November 2009):


ftse 100: 5310-4950(actual:) ;

SPx500: 1098-1038(actual: );

Nikkei 225: 9609-9200(actual: ).

Cable: $1.6620-$1.5970 (actual: ).

Gold: $1158-$1032(actual: );

Land securities: 700-640 pence (actual: )

Man Group: 355-305 pence (actual: )

It is a lovely day to start with, now had a bit of drizzle and the rainbow is on the horizon, beautiful.  Let's chill out before the actions starts.  It is a shortened week for the yankies.  Good luck all.  Remember, if you sign up for the Premium Club this week, you get the rest of November for free and only pay £20 for December, how's that for a bargain.  Everyone loves a bargain.




21 November 2009, 20:12pm, sending out weekly moo river watch on SPX500 with charts and some trading notes.  That is the lot.

21 November 2009, 19:13pm, sending out weekly moo river watch on Nikkei 225.  Where is my bottle of sake! with charts and a four-stream moo river on the daily for helping with trading.

21 November 2009, 17:08pm, sending out weekly moo river watch on cable, with weekly and hourly charts and some brief trading notes, as this is a tricky week and it is probably best to trade with an open mind.

21 November 2009, 16:03pm, sending out weekly moo river watch on Land Securities, which goes ex-d in two week's time, with charts and a brief trading suggestion.

21 November 2009, 13:23pm, sending out weekly moo river watch on Man Group Plc with charts but no trading plan.  This is the ex big dividend week for this share.

21 November 2009, 11:12pm, sending out weekly moo river watch on ftse 100 with charts and trading plans.  We think we have also another tradable pattern here as well.

21st November 2009, 09:55am, sending out weekly moo river watch on gold with charts and trading plan as we believe we have identified a tradable chart pattern for gold.

20 November 2009, 20:39pm, received positive feedbacks from members, overall, a much happier week. These are the results for the weekly forecasts;

Prediction for Week 46 (15th November to 21st November 2009):


ftse 100: 5310-4950 (actual:5398-5221) ;
Dow: 10350-10100 (actual: 10447-10255);
Hangseng 42: 22880-21880 (actual: 23324-22291).
Euro/dollar:$1.5000-$1.4540 (actual: $1.50-$1.48).
Gold: $1131-$1080 (actual: $1123-$1153);
HSBC: 761-725 pence (actual: 767-728 pence);
Vodafone:145-130 pence (actual: 140-133 pence).

Not really an accurate week, apart from the two individual shares, but we have unearthed some treasure maps for gold and ftse 100 which are going to be quite useful for the weeks to come.


20 November 2009, 18:30pm, sending out updates on dow and gold.  Dow is trying to hold within the red downstream moo river and trying to break down the green lowerbank for the main upstream moo river.  Gold is threatening to turn our chart pattern into chaos.  It is never easy to trade gold. We have done well so far.

20 November 2009, 16:13pm onwards, sending out updates on ftse100 with latest drawing, meandering is the word and talked to members on MSN and via emails, time to cook dinner.

20 November 2009, 16:00pm, welcoming new members and updating on gold, calling to take profit from 1144 at 1139, if the members wish; if not, hold at breakeven for a run tonight or next week; updating on ftse 100, meandering seems to be preferred option so far by the market!

20 November 2009, 14:30pm, emailing and supporting members and alerting on ftse 100 and gold, reloading time again.

20 November 2009, 13:36pm, receiving happy feedbacks from members, we are all digging up our treasures and enjoy them.  sending out updates on hourly ftse 100, exploring two possibilities, one for meandering for the rest of the day and another for a small interlude before continuing the run to cover the openinng gap at 5143 from two weeks back.

20 November 2009, 12:30pm onwards, sent out a round of updates, it is so satisfactory that we are looking at the markets as if from the insides, you know the feeling!  With treasure maps like this, members need to focus on what they want to find and dig in there and find plenty so far.  I am thrilled our Club has gone from strength to strength.  It is likely that I might have set a limit for the number of members for this Club, because I do want to keep it small, friendly and very supported.

20 November 2009, 09:02am, sending out another update on BHP, I was right in calling it an absolute bargain for bears when it was near 1900 pence, and I still think it is an absolute steal for bears for a nice Christmas present.

20 November 2009, 08:57am, sending out an update on BP, very bearish indeed. We have played this traiangle for too long now, I think, it is Christmas coming early for bears.

20 November 2009, 08:20am onwards, sending out updates on companies and gold.  Barclays might look attractive on a short-term basis, but on a weekly basis, it has more downside than upside; HSBC is at the upperbank of the downstream moo river; Lloyds is riding in an upstream moo river on collapsed momentum.  Gold is still trying hard to trick us not to follow our master chart pattern.

20 November 2009, 06:35am onwards, sending out a round of morning updates.  It feels weird sometimes you feel intuned with the market and you are looking as if from the inside of the giant market.  Everything is working to the plan, some little doubts and variations, but everything has so far turned out to be as expected, including the overnight drifting up in Asia. Now we are ready to let the master route maps to unveil themselves fully.

19 November 2009, 21:05pm, sending out a round of updates on Hangseng 42, drifting higher overnight perhaps with a weakness to kick in by European opening, Euro/dollar, still in the triangle.

19 November 2009, 20:25pm, sent out this daily moo river watch on ftse 100 earlier on;

Daily Moo river watch on ftse 100


(based on my quick charts)

Weekly

Momentums: RSI is bending down and it did reach 70's for this complete run in the upstream moo river; Stoch is still bullishly crossed, which is a bit of concern for the joyful bears; Momentum is bending down and touching the lowerbank of the upstream moo river, this does signal a moment of key decisions by the market players, where a break of this upstream moo river might as well signal the end of this whole bull run since March.

Price chart: price pierced through an upperbank in the earlier week highs and has now come back into play in a range between 5360 and 5250 roughly, a break of either side will determine the next run.

Daily

Momentums: all bending down and all bearishly poised here, which is refreshing for a change.

Price chart: Market pierced through that upperbank on Monday but failed to close above it, which is bearish. And it has since had a three pointer turning with a doji in between, signalling, well, today's downturn. It has stopped just above ema20 near 5250 and para sar dots are still green. Next up is a key challenge near 5200, below there, bears run rampant. The ema 100 and 200 are still way below there at 4997 and 4797.

4 hourly

We have our favourite pattern to play with, I will update on that later on.

Hourly

Momentums: some bullish intentions there, with rsi piercing through 30; stoch being bullishly crossed and Momentum has a W shape there, non-confirmed.

Price chart: We played with one key lowerbank support. We pierced it and has bounced over it, but we are under ema200 at 5293 and ema100 has just bearishly crossed over ema20 at 5325 and 5308 respectively.

This is an area that markets tend to play trick or treat with lingering bulls and aggressive bears. We have taken some profits here, so we should be happy.

Hold that thought, until I update you on the 4 hourly.
 
 
19 November 2009, 18:46pm onwards, welcoming new members and sending out a round of updates on various indices, exploring in great details about the patterns we have followed successfully so far and the actions ahead of us for tomorrow.  Will do an update on Asia a bit late on.  It is a trick or treat time.

19 November 2009, 15:55pm, I am thinking to keep this Club a small Club. I am thinking to raise the monthly subscription for any new members.  But I will have a think about it.  For any existing members, their monthly subscription will always be on the one they joined on, it is a lifetime guarantee of no membership rises.  However, once in a while, I may consider to raise the subscription fee to keep this Club a small and friendly one.  Think about it.  You know me, I am always one for new ideas!

19th November 2009, 15:38pm, sending out a round of updates again, but we are so calm and we know exactly what we are doing with so many instruments.  All you need to do is pick that master route map and follow it and make loadz money.  I have never had easier days like this before.  Forecasting the future is a difficult business, but when reality turns out as prescribed or anticipated, I am very grateful and feeling much blessed.  Must be a very good day for the Club and better days to come.

19 November 2009, 12:25pm, sending out a round of updates, made some good calls on BHP etc yesterday and this morning, well, if our master route maps are working out, making money is secondary.  It is the best time to join the Club now.  You pay for December's subscription and I will let you have the rest of November for free.  How is that for Christmas spirit!

19 November 2009, 09:05am, exploring the gold pathways, before going out. It feels good to get to know gold a little better, the wild beast needs to be tamed!

19 November 2009 08:48am, there is no better time to join the Premium Club than now, as we have identified some of the underlying tradable patterns to various instruments, e.g., Gold and ftse 100.  Over the coming days and weeks, members will be reaping the benefit from such discoveries.  Better days ahead for all of us.

19 November 2009, 08:08am onwards, sending out a round of updates on companies, some good bargains for bears, like HSBC and BHP Billiton, some for lingering bulls like Barclays and BP.   Bulls are still lingering.

19 November 2009, 07:45am, sending out alternative viewpoints on ftse 100, warning a breakout is imminent.

19 November 2009, 06:23am onwards, sending out a round of updates.  The master route map on Gold is working out well, but has not yet fully confirmed.  Dow is stubborn and has both possibilities.  Euro/dollar has more downside than upside potentials.  Hangseng 42 is in a breaking area, where it is possible for a big up or big down.  FTSE 100 seems to show some variation to the classic pattern we have identified. 

18 November 2009, 18:38pm, sending out an update on ftse 100, exploring the route on hourly for the rest of the week.

18 November 2009, 18:21pm, sending out an update on Hangseng 42, the gang leader of the global bull markets.  The global theme identified by us is continuing into the Far East.
18 November 2009, 18:05pm, sending out a further 4 hourly chart on gold, noting the huge bearish divergence there.

18 November 2009, 17:57pm, sending out two updates on gold, all eyes on gold at the moment.  The master route map we have identified are working out well, so far.  Let's hope we have finally nailed it.


18 November 2009, 16:21pm, sending out an alternative hourly chart on ftse 100, exploring the weekly low near 5100ish.


18 November 2009, 16:10pm, sending out a latest hourly chart on ftse 100, we are working on imperfect situation here, now the green lowerbank has been broken, it is acting as a ceiling.

18 November 2009, 14:52pm, sold another gold, sending out an update and I think we might have nailed this one with a trading pattern as well.

18 November 2009, 14:13pm, gold has risen to breach its chart pattern, but it is still within our grasp so far; dow is pending either a big up or big down soon as the chart pattern shelftime is running out; spx500 has plenty of time left yet, Honkers showing signs of weakness as well. It is looking good for a global trade pattern to unveil itself.


18 November 2009, 13:20pm onwards, sending out a round of updates, identifying a number of bargains for bears on individual companies, some more so and others less so. Two of them identified as trade alerts for bears.  Something is telling me the general market is due for a fall as well.


18 November 2009, 11:38am, sending out the alternative master route map on hourly ftse 100.  We do have two master route maps on hourly and 4 hourly ftse 100, obviously the hourly one runs ahead of 4 hourly.

18 November 2009, 10:51am, sending out hourly on ftse 100, showing the evidence of respect to the lower green bank for the upstream moo river, with risingn short-term momentums as well.

18 November 2009, 10:47am, sending out the latest 4 hourly on ftse 100, still working on our master route map, waiting for the pattern to unveil, noting the supporting evidence from momentums.

18 November 2009, 09:29am, sending out gold renko weekly chart to show this should be the stopping point! and explored  why I saw ftse 100 to come back down into 4000's.

18 November 2009, 08:48am, sending out a round of company updates on Barclays, LBG, BHP and BP.  Some are coming onto bear raidars and BHP has still a little bull leg left, it seems but bears will become interested in this one as well. Barclays is stuck in a giant red downstream moo river, bounces against 325 pence might bring out the bears again, otherwise the red lowerbank is the target.  There is a company for gaptraders, which is full of holes.  Go dig on the hourly charts.  Good luck.

18 November 2009, 08:28am, sending out updates on Vodafone and HSBC, noting Vodafone is worth selling if it rallies back towards 140 pence and HSBC is nearing its lowerbank in the green upstream moo river and a few gaps here and there.

18 November 2009, 08:11am, receiving compliments from members on individual share coverages.

18 November 2009, 07:26am onwards, sending out a round of updates, identifying the global theme, though acknowledging we are still in the upstream moo rivers all over the place.

17 November 2009, 20:16pm, having a chat with members on MSN.  I think I will sit on my shorts and do nothing till 27th November 2009.

17 November 2009, 20:00pm, sending out hourly on Hangseng 42, exploring moo linguistics about crossing and meandering.

17 November 2009, 18:30pm, sending out a round of updates, noting the stubbornness of bulls on dow and gold and the disconnection between dollar and gold--gold bulls have gone absolutely ballistic!

17 November 2009 16:30pm, sending out an update on ftse 100, exploring the big headache for bears on a big dividend night tonight!

17 November 2009, 16:00pm, sending out an update on ftse 100, exploring two possibilities here, one still needing a last effort from the lingering bulls and another will be a speedy downhill race.

17 November 2009, 15:36pm, just looking at this week's forecasts and muse over a few things, as this is only Tuesday and a week is a long time in the market:

Prediction for Week 46 (15th November to 21st November 2009):

ftse 100: 5310-4950 (to date: 5398-5300);
Dow: 10350-10100 (to date: 10433-10299);
Hangseng 42: 22880-21880 (to date: 23324-22615).
Euro/dollar:$1.5000-$1.4540 (to date: $1.5016-$1.48315).
Gold: $1131-$1080 (to date: $1144-$1123);
HSBC: 761-725 pence (to date: 767-744 pence);
Vodafone:145-130 pence (to date: 140-137 pence);

I think not many would be crazy enough to offer a weekly forecast, sometimes not even a daily forecast.  I think I will just keep at it and maybe I will get better over time.

17 November 2009, 15:15pm, sending out a daily moo river watch as follows:

Daily moo river watch on ftse 100



Weekly


Momentums: RSI is at 67 and is hanging in the air; stoch is bullish crossed at a high of 92 and momentum is lying on the lowerbank, a mixed picture here.

Price: interestingly, price poked its head above one key resistance and has now come back down. If this is the range, then the weekly range should be towards 5250 and 5200.

Daily


Momentums: we have gone lame here, pointing downwards;


Price chart: same here, we are hampered by one key resistance today and the support is near 5260 minimum, there is nothing in between.


Remember my daily moo river watch is based on my quick charts, which can not be attached and they are drawn very differently from my advanced charts and I tend to rely on them for trading.


Good luck all.


17 November 2009, 14:17pm, sending out a round of updates, our minds are clear and just need the markets to fall into places.  There is a giant step forward for the Moo river watch system from last night.

17 November 2009, 10:27am, sending out an update on ftse 100, before going out.  We believe we have identified the master route map for the market.  explored the importance of this meandering zone between 5350-5370.  The suffering days for bears are numbered, it seems.

17 November 2009, 09:29am, sending out an update on ftse 100, needing the bulls to do us bears a job.

17 November 2009, 09:08am, sending out an update on LBG, noting a key level and the possibilities.

17 November 2009, 09:01am, sending out an update on Barclays, noting the pattern there and a few trading possibilities, but there is a puzzle there to be solved.

17 November 2009, 08:54am, sending out an update on BHP Billiton, more tradable for one camp than others, and certainly for gaptraders.

17 November 2009, 08:51am, sending out an update on BP, noting the triangle is still there, but this one can be watched and studied, as it could be a lucrative trade.

17 November 2009, 08:37am, sending out updates on Vodafone, untradable, unless you treat it as in a flat zone and HSBC, a strong bull market there, as long as the green upstream moo river holds, it is a no bear's land, unless you are a gaptrader, as I noticed a few gaps there.

17 November 2009, 8:32am, sending an update on spx500, tradable and we know what we want to do there.


17 November 2009, 07:26am onwards till 8am, sending out a full round of updates and I think we have identified the global chart pattern and one for ftse 100 and I am feeling much calmer now as a bear.

16 November 2009, 20:53pm and 21:36pm, sending out updates on Hangseng 42 and SPX500.  Looks like a meandering topping exercise tomorrow.

16 November 2009, 18:51pm onwards, sending out a round of updates, lamenting the superbull run on gold, where I fell for the contrarian bear mode; noticing that the HSBC and Vodafone could enter into the meandering mode for tomorrow and working out further plans on how to cash in on the chart pattern we have identified on 4 hourly ftse 100.

16 November 2009, 17:10pm, sending out the 4 hourly chart on ftse 100, identified my favourite chart pattern.  I am gutted not to have insisted on that one, as I actually spotted it earlier on and wrote it off as a rounded top, alas, what mistake and now let's hope we will see the rest of the story unveiling in the same fashion too.

16 November 2009, 15:53pm, sending out a round of updates. I went for a walk and suddenly it all erupted and our short on ftse 100 was stopped out for 20 pointer.  Gold is in a classic expanding triangle, a classic reversal pattern.  Dow: sky is the limit until 10500ish; ftse 100: we seem to have hit one possible upperbank in the upstream moo river near 5400, if you are brave or stubborn, then it is a good shorting level.  I have done just that again.  Bears either go hybernating, until the market comes back down, e.g., under 10350 on dow etc; or wait for the upperbank hits.

16 November 2009, 14:23pm, sending out an update on SPX500, with a speculative downstream PK in the red, noting the so-called Great Wall of China zone of bear defence and the possibility for a giant M top.

16 November 2009, 14:13pm, sending out an update on hsbc, noting it is getting closer to Trigger's weekly ceiling.

16 November 2009, 14:00pm, sending out updates on Vodafone, noting moring gap now closed and we are in a diamond and Dow, noting we are all looking at the floor for something.

16 Novmeber 2009, 13:37pm, sending out an update on our short on ftse 100, we survived the spike, now, time to reap some reward, perhaps.

16 November 2009, 13:23pm, sending out update on gold, what is on the floor for gold as well!

16 November 2009, 13:10pm, sending out an update on the short on ftse 100, while the green PK holds, it is doing ok, but there is a blue PK which is a sharper upstream moo river for the bulls.

16 November 2009, 11:47am, sending out an update on the short on ftse 100.

16 November 2009, 11:36am, sending out a round of updates and it seems that the final frontiers are still holding firm.

16 November 2009, 10:54am, sending out an hourly chart on euro/dollar with price and lots of momentums, why do they all look like Alan Greenspan on the beach--any coins in the sand?

16 November 2009, 10:28am, sending out an updated chart on gold, noting that we have had a full crossing on momentum's triangle and price's upstream.

16 November 2009, 10:02am, noting the green PK upperbank is holding firm. Still hopeful for this short.

16 November 2009, 09:53am, sending out a trailing system on the short, if it survives.

16 November 2009, 09:33am, speculated about a downstream moo river on hourly, but not confirmed.

16 November 2009, 09:17am, limit hit following the trade alert on ftse 100, to short at 5358.

16 November 2009, 08:59am, sending out first trade alert of the week, on ftse 100, as the level has not happened yet, so can't provide the details here.

16 November 2009, 08:21am, sending out daily moo river watch on ftse 100 as follows:

Weekly



Momentums: rsi is actually bending down a little, stoch is bullishly crossed at a high 93; momentum is trying to dig into the lowerbank.

Price chart: it is still within the margin of error for my weekly forecast, up to 5360

Daily

Momentums: rsi is 63.5 and meandering; stoch is bullishly crossed at 98 and momentum is bending down against a key resistance


Price chart: we are playing this daily range between 5380 and 5260.

Hourly

Momentums: rsi is bending down a little with the potential to be an M top against 60, stoch is bearishly crossed and momentum is bending upwards

Price chart: we are holding above ema20 5308 and a key resistance near 5360 at this hour. There is a down gap at the open near 5296.


5300 is the key line in the sand, though 5310 could be the key support.




16 November 2009, 07:53am, sold ftse 100 at 5330 for a scalp at the open.

16 November 2009, 07:26am, sending out a round of updates, noting that my Weekly ceilings have all been either breached slightly already or getting hit.  This makes it possible that either I am very wrong this week or this is a very bearish week.  Let's wait and see.  Opening gap down there near 5296 for the brave gaptraders.  Under 5300, bears roam on ftse 100, above 5300, it is all bulls until 5400 at least.  Above 5300, bears scalp and bulls trendtrade; under 5300, bears trendtrade and bulls scalp, it is a very clear cut strategy.

15 November 2009, 14:01pm, done the updates for the week now, here are the forecasts:

Prediction for Week 46 (15th November to 21st November 2009):


ftse 100: 5310-4950;

Dow: 10350-10100;

Hangseng 42: 22880-21880.

Euro/dollar:$1.5000-$1.4540 .

Gold: $1131-$1080;

HSBC: 761-725 pence;

Vodafone:145-130 pence;
 
In there, there are forecasts that the market wants me to take and there is one or two that I have rebelled against it.


15 November 2009, 13:28pm, sending out weekly moo river watch on Vodafone with weekly and hourly charts, with a weekly forecast between 145 pence and 130 pence.  This is an ex-dividend week.

15 November 2009, 10:48am, sending out weekly moo river watch on ftse 100 with weekly and hourly charts, confirming ftse 100 has also joined the bull market club by closing above 5250 last week and forecasting a controversial trading range between 5310 and 4950, as long as 5310ish holds!

15 November 2009, 10:07am, sending out weekly moo river watch on Dow with weekly and hourly charts, with the confirmation that Dow is now in a bull market, no longer in a bear market rally from last week's victory and a forecasted weekly trading range between 10350 and 10100 and a Black Monday expected.

15 November 2009, 09:23am, sending out weekly moo river watch on Hangseng 42 with weekly and hourly charts, with a forecasted weekly range between 22880 and 21880 and a Black Monday expected.

14 November 2009, 21:33pm, sending out weekly moo river watch on HSBC plc with weekly and hourly charts, for a forecasted weekly trading range between 761 pence and 725 pence.

14 November 2009, 15:49pm, sending out weekly moo river watch on euro/dollar with weekly and hourly charts, with a forecasted weekly range between $1.5000 and $1.4540.

14th November 2009, 10:30am, sending out weekly moo river watch on gold with weekly and hourly charts, with a forecasted range between $1131 and $1080.


14th November 2009, 09:12am, sending out a general guidance on taking advantage of the Moo river watches in terms of studying the markets and trading.  I copy this email below, as it might be beneficial to other moo river watchers and followers:
=========================================
Had a good night's sleep and am now refreshed and ready to do the moo river watch for the weeklies.


Before that, let me elaborate a bit about how to take advantage of the Moo river watch that I provide, so as to benefit your trading in the best way.

1. Weekly moo river watch

A. They provide a longer term outlook at the various markets we cover, so don't just quickly read the weekly forecasted ranges and forget about the longer-term outlooks.

B. They provide a global overview. Though the reports are individual and separated, but you need to form a habit of forming a global view about the financial markets all around the world. We study Asia, because it is alleged that Asia is leading the world out of the recession and their stock markets particularly Honkers seem to lead the global stock markets and their opening hours are ahead of us as well.

Through the weekly moo river watches, you should be able to form a holistic view of the global stock markets, both  horizontally meaning across the different countries and vertically meaning from a longer-term perspectives.

2. Weekly/daily trading plans

Hopefully, having studied the weekly moo river watches in the holistic way, you are now able to formulate your trading plans for the coming week. This is further assisted by my weekly forecasted ranges and hourly charts.

There are several key decisions to make in terms of trading, as follows:

1. to trade or not to trade: this involves a decision to trade a particular instrument or not. This is often the hardest decision of all, as we are mostly daytraders, wanting a piece of action everyday. This is why often I highlight a particular instrument is tradable or non-tradable, often because of the existence of tradable patterns and where we are in the tradable patterns;

2. to be a bull or a bear. This implies that you have assessed the situation on a particular instrument in terms of risks and returns, e.g. a short at this level, meaning a stop loss of 20 pointer and a possible profit of 40 pointer, thus it is a 2:1 odds to win, while a long
at the same level involves a stop loss of 40 pointer and a potential profit of 20 pointer, which is 1:2 odds to win, having assessed that situation, you have decided to go short.

3. to scalp or to trendtrade: every time you place a trade, you need to have an estimate whether this is a scalp or a trendtrade.

Scalping: this means that the tradable range is very small, usually in a flat trading zone, like the past week, where we bounced up and down between 5300 and 5250 mainly. If you trendride this range, you get frustrated and empty handed;

Trendtrade: there are various methods to manage that. This normally involves trading in an upstream or downstream moo river, where there are possibilities of lower lows or higher highs.

a. trendtrade one position: this is where you open one position and put a stop loss on first and then put a stop profit and ride it all the way;

b. trendtrade several positions: this is where you open one position after another with stop loss and stop profit after each key resistance or support has been overcome. This involves more mathematical calculation to ensure your overall risks are not increased by adding further positions while your possibility of winning is increased.

I refer you to several blogs from myself and my friend Theory for further information:

http://mooriverwatch.blogspot.com/2009/04/trending-trade-versus-scalping-trade.html%20http://mooriverwatch.blogspot.com/2009/04/moo-river-trading-system.html
http://mooriverwatch.blogspot.com/2009/04/moo-river-trading-anthem.html
http://wmtheory.blogspot.com/

4. to trade within the range or trade on breakouts: this is another key decision. There are trading patterns, ranges or moo rivers and key supports and resistances. Sometimes, it is better to trade within the range and other times it is better to trade on breakouts. In terms of trading within the range, it is often involves a decision not to trade outside the range at all.

For example, for the past week on ftse 100, you have decided to trade the range 5300 and 5250. If it shoots over 5300 or under 5250, you don't trade at all, just wait and see.

In terms of trading on breakouts, it is very useful to realise that there are false spikes and breaks. This is where people use the 3% rule, e.g., a current range is 100 pointer, then 3 pointer above the range. But this 3% does not always work on every instrument, you have to work it out yourself by getting to know the instrument well.

My job is to constantly watch out for tradable patterns, trading directions and trading ranges etc., both for bulls and bears.  It is your job to make the most money out of them, either as a bear or a bull.
==============================================


Friday the 13th November 2009, 20:41pm, not a good week at all:

Prediction for Week 45 (8 November to 14 November 2009):



ftse 100: 5181-4900 (actual: 5306-5162);

SPX500: 1078-982 (actua: 1105--1067);

Nikkei 225: 10180-9223 (actual: 9990-9693).

Cable: $1.6840-$1.6470 (actual: $1.6844-$1.6516).

Gold: $1101-$1032 (actual: $1123-$1096);

BP: 586-562 pence (actual: 599-575 pence);

BHP Billiton: 1754-1666 pence (actual: 1850-1734 pence);

Made some 150 pointers, but it has been an aweful week for both fronts, forecasting and trading.  Apart from the fact that I nailed forex this week, I have got nothing to show this week.  Have to try harder next week.



Friday the 13th November 2009, 18:38pm, sending out a five wave down scenario on gold if 1120 holds tonight.

Friday the 13th November 2009, 18:22pm, sending latest hourly on ftse 100, highlighting the famous chart pattern 3 peaks and 1 domed house, it is not all good news for bears or bulls.

Friday the 13th November 2009, 16:00pm, sending out the deal for bulls and bears, the line in the sand for ftse 100 is 5250.  To close above it by end of tonight guarantees another bullish week; otherwise, we might see 4950 next week.  You know I am a bear, don't you?

Friday the 13th November 2009, 15:46pm, sending out a round of updates, bulls are stubborn and it is a war.

Friday the 13th November 2009, 13:07pm, sending out the hourly chart on ftse 100, depicting the Bat pattern to come.

Friday the 13th, November 2009, 12:55pm, sending out updates on BP and BHP Billiton, noting BP seems to be weak and might be headed for 560 pence and BHP has filled in one gap and there is one more down there near 1700 pence.

Friday the 13th, November 2009, 12:43pm, sending out hourly on Barclays, this one looks like a target for bears, as it is on its last knees.



Friday the 13th, November 2009, 12:33pm, sending out latest round of updates on SPX500, where the downstream PK still holds; Cable, in a no man's land; FTSE 100, still at war in the battle of Waterloo in the red circle, exploring both options for bulls and bears.


Friday the 13th, November 2009, 10:12am, sending out latest hourly chart on ftse 100, noting the bearish divergence, a bargain for the bears, perhaps?

Friday the 13th, November 2009, 08:58am, sending out the latest on spx500, interestingly the downstream red PK is holding well, so far!

Friday the 13th, November 2009, 08:49am, sending out latest on ftse 100, with a pk on 15m and a black triangle on hourly.  I think we have hours of meandering to do here.

Friday the 13th, November 2009, 7:31am onwards till 7:53am, sending out a round of updates on all instruments.  While the bull channels have been destroyed, the down channels have not been confirmed, so there is hope for both sides for now, pending a trigger.  On ftse 100, bulls are defending 5250/20 and bears are defending 5280/5300.  A break of either side gives the party a run.  It is the battle of Waterloo, and plenty of little battles to have yet.

12 November 2009, 21:08pm, sending out a latest update on ftse 100, tomorrow Black Friday the 13th could be on the card.  Overnight, I am hoping for a test of 5220, before we bounce back a little to get the right shoulder job done.  Remember the H&S pattern is a key reversal pattern, with a target perhaps to 4950.  Good luck and good night all.

12 November 2009, 20:59pm, Asia will be quite jittery tonight, as the talk of Chinese RMB appreciation is putting pressure on Greater China markets.  We are on the edge of the cliff, all we need is a gentle push, any excuse will do.

12 November 2009: 20:13pm onwards, sending out another round of updates, exploring Asia overnight and tomorrow morning for the UK.  We have necklines and right shoulders to go through yet, though gold does look like tanking big time, for now.

12 November 2009, 18:30pm, sending out a round of updates on various instruments.  We are still meandering, nothing decisive yet.  When it rains, it is going to rain cats and dogs, but not yet.

12 November 2009, 16:31pm, the battle of Waterloo is still raging on, with bears defending 5300 and bulls defending 5250/20, sending out the latest battlefield illustration on ftse 100.

12 November 2009, 15:20pm, sending out an enlarged Waterloo battlefield on ftse 100, looks like we are going to meander here between 5300 and 5220 for a long while.  Does anyone remember I mentioned a long time ago 27th November 2009 as being the low?  That is coming onto the raidar now.

12 November 2009, 14:16pm till 14:40pm, sending out a round of updates.  We are meandering, but watch where we are going, because we must realise now we are on the edge of a cliff!  The battle is still raging at Waterlooville of ftse 100.

12 November 2009, 11:19am, sending out latest on ftse 100, with the battlefield of Waterloo enlarged a bit in the purple circle and two possible downstream PK's for reference, non-confirmed.  It is a long drawn battle, but I think the underlying momentum is tilted downwards, just need an excuse or trigger to push this market off the top of the cliff.

12 November 2009, 10:26am, sending out daily chart on ftse 100, the Black triangle has very little room left now, a break out is imminent.

12 November 2009, 10:20am, sending out an update on BHP Billiton, warning love is blind for bulls on this share, as the blue PK has finished for the bull run and we might start a downward PK soon.

12 November 2009, 10:13am, sending out daily chart on BP, the triangle tightens and every trader of individual companies should keep an eye on this one and make out their trading plans.

12 November 2009, 10:05am, sending out an update on spx500, that one has broken its bull channel and has now shaped a possible downstream PK, which is pleasant.  Double top is in, perhaps!

12 November 2009, 07:17am onwards till 8am, sending out various updates.  Japan is the one to be watched for a collapse, which could trigger a crash in the West.  Gold is still strong, which underpins the commodity shares.  But in the battle of waterloo, bears have done serious damages to the bull's momentum and trend, so it is just a matter of time now that bears will be rewarded with some substantial price falls.

For now, we are still in this pink PK, tilted slightly downwards.  I have idenitified a possible Head and shoulder on ftse 100 as well.  If we come back down to test 5220 today and find it to be a neckline.  The thing with the market is that it is useful to identify whether it is forming a tradable pattern.  A Head and Shoulder pattern is a classic reversal pattern, as is the double M top pattern.  Once you have identified the pattern, the price movement is almost non-relevant, as long as it stays within the pattern.

Some lingering bull to start with, after that, we should all calm down to ride this new bear run.

11-11-2009, 19:53pm, sending out another round of updates on various instruments, updating on a possible weak Asia overnight and a bear run starting from tomorrow.  We are meandering and playing out time, but with time, bears have done the serious damage to the bull run, which is unnoticeable to many an human eye.

11-11-2009, 15:27pm, sending out a round of updates.  Gold has arrived at the upperbank; cable has been Pk'd, Spx500 is strong and reaching the middle PK line; ftse 100 is still in my green circle of waterloo, either for bulls or bears.  We are still in play, so battle on, bulls and bears.

11-11-2009, 10:06am, I am still fighting it as long as it is under 5300ish.  It is a hard battle.

11-11-2009, 10:01, well the bears are suffering and if you are out of positions and out of pocket so far, you can stay on the sideline until we get under 5270 to start to plan for your bear attack; if you are a winning bull, take profit as and when, enjoy the ride while it lasts.

11-11-2009, 09:46am, sending out the winning blue pitchfork (PK) as bulls are winning for now.

11-11-2009, 08:40am to 09:09am, sending out various pitchfork charts on ftse 100 to explore both options.

11-11-2009, 08:29am, somehow, I feel rather calm today, for some odd reasons, as a bear, lol.  sending out updated charts on Barc (Tanking); Bhp Billiton (two down gaps to be filled), BP (gaps up and down).

11-11-2009, 08:08pm, sending out an update on ftse 100, calling the bulls bluff! hold your nerves, bears, it is a swinging Wednesdays and two down gaps to be filled!

11 November 2009, 07:20am onwards till 7:48am, updated with various charts. As expected, Asia boomed a bit overnight, a jittery start to bears.  We have drawn the waterloo battlefield on ftse 100 in the green circle and we have explored various options there.  It could swing both ways, and there is an opening gap down there near 5230 and an unfilled gap from last Friday at 5143.  Good luck all.  If anything is the guidance, then watch gold.  If there is going to be a crash, it will be triggered by gold.

10 November 2009, 20:32pm, sending out charts on ftse 100 and SPX500.  Before 10am tomorrow, these are the darkest hours for every bear.  We have identified the key waterloo battlefield on ftse 100 and we have seen that SPX500 has decelerated which is nice to know for bears.  We closed at 5230, almost identical to yesterday's, which is interesting.  Asia might spike over night and bears need to hold our nerves and forts tomorrow.

10 November 2009, 19:30pm, talking to members on MSN.

10 November 2009, 16:10 onwards, sending out various updates on spx500, ftse 100, Barclays, etc.

10 November 2009, 16:17pm, bought a book today, The Great Crash 1929, well, it is about time everyone in the world revisits history once again.

10 November 2009, 15:48pm, sending out a new hourly chart, with my 5 wave bear run speculation supported by Gann's fans and Fib arcs, how cool that is.  That is when a moment of inspiration supported by theory, now needing a realisation in the market.

10 November 2009, 14:56pm, I am scalping here, above 5220, under there, I will ride it.

10 November 2009, 14:39pm, informed members I have taken some profits against 5230, as below 5220, it is a no bull's land.

10 November 2009, 13:08pm till 14:00, sending out various updates, noting Barclays has closed its down gap; BHP Billiton and BP might be two bargains for bears; gold won't go a long way down, but if we can keep it under 1100 for a week, next week will be interesting.  Indices are slowly turning.  I have taken some minor profits.

10 November 2009, 08:26am, sending out company updates including Barclays, it has taken it two weeks to fulfil my last week's forecast for it, 350 to 290ish, now there is more downside than upside.

10 November 2009, 07:53am, sending out daily moo river watch with the following summary:

When I did my weekly moo river forecast, I was pondering over two possibilities. In May, we had 10 week's meandering to touch the lowerbank, and this is the 9th week. there are two possibilities from here:


1. an up week and stay within a tight range there to play bull;

2. to tank down this week.

Obviously I went for the second option which was wrong. Within these 9th and 10th week, we have a good chance of coming back down to touch the lowerbank near 4777, though 4900/50 has proven to be stubborn so far.

It is all a bit of planning, with the Year End in mind by the big players, how they are going to dress up the window for Xmas and make sure they make the most of the money before they head off for their long holidays on the virgin islands.

For this week, for the bulls, the price target is 5313 or 5500ish upperbank;

for the bears: 5160; 4980;4900 ema 20 and ema100 crossing over targets.

good luck all, let's plan our trades as if this is day 1 in this week, forgeting about yesterday and start afresh.


10 November 2009, 7:39am, it is either 5600 or 5000, so you have to make up your mind or trade what you see. I am still a bear, albeit a suffering bear, until we have seen 4700's.

10 November 2009, 6:30am onwards, sending out all updates, exploring both bull and bear scenarios.  Gold is coming back down towards the earth, which is nice.

9 November 2009, 22:28pm, sold again at 5272, for a gaptrade tomorrow morning.  Sky is the limit, but sending out an hourly chart with a 5-wave down bear dream to sleep upon.  good night all.

9 November 2009, 20:36pm, unfilled gap identified on Nikkei 225, hence that might be the target for this week's rally, hourly chart sent.

9 November 2009, 20:08pm, sending out 4 hourly chart, showing the tightening rising wedge on Momentum, shorted 5254.5. 

9 November 2009, 19:40pm, sending out various charts on gold, with some speculation about a Russian doll of Head and Shoulder patterns, but we need to come back down to the first neckline near 1030 to make it feasible of such imaginations.

9 November 2009, 18:06pm, some members cheered me up with news of some winners today, which is nice to have in the Club.  sending out gold update, a huge M on hourly momentum, a tanking there will affect the stock markets, I hope.

9 November 2009, 16:40pm, sending out hourly and 4 hourly charts on ftse 100 with a narrowing rising wedge on 4 hour momentum--something is going to explode!

9 November 2009, 16:25pm, sending out gold update, what goes up must come down according to Sir Grim, yes, it is a matter of when not whether.  Under 1100 dollars, bears get their claws out.

9 November 2009, 16:00pm, sending out hourly on cable, I seem to be getting this one spot on.

9 November 2009, 15:53pm, sending out hourly on spx500 and we are entering no bear's land above 1080.

9 November 2009, 15:00pm, sending out latest on ftse 100, bulls are in charge.

9 November 2009, 12:57pm, sending out a sketch about market movement on hourly chart on ftse 100, about a five waves scenario.

9 November 2009, 12:19pm, sending out a round of updates on all the instruments covered this week.  There are a lot of gaps to be refilled from this morning of gapping up and some of these instruments like gold and cable etc are not looking too bullish now.  The second trade alert to short ftse 100 at 5220 is still live and kicking so far.

9 November 2009, 11:30am, first trade alert was a poor one, which got stopped out. Now sending out a second short at 5220, which should have a higher probability and lower risk and more reward.  See how it goes.

9 November 2009, 10:23am, sending out another updated hourly chart on ftse 100 for further information.

9 November 2009, 10:10am, for the trade alert on ftse 100, have not yet pulled that one off and have not been stopped out either, so updated with an increased stop for a certain pointer to be on the safe side.

9 November 2009, 08:28am, further update on the trade alert on ftse 100 earlier on.

9 November 2009, 8:23am, sending out updates on BP and BHP Billiton.

9 November 2009, 08:11am, sending out an explanation for the trade alert.

9 November 2009, 08:03am, sending out first trade alert.

9 November 2009, 7:16am till 7:46am, sending out a round of updated on all the instruments covered in the weekly moo river watch, apart from the two companies.  Overnight, Asia has shown strength, cable has shot up and so did Gold. Sky is the limit at the moment, but for how long.  As long as we do not shoot over 5200 with an hourly candle, I am confident that we might come back to Friday's close for a breather and wait and see how yankies wake up to.

8 November 2009, 19:55pm, sending out daily moo river watch on ftse 100 exploring in great details the meandering process on the weekly chart and my overnight trading plans for ftse 100.

8 November 2009, 18:48pm, another member paid up December subscription.  My Club members are so kind, supportive and generous.  I am very much encouraged.

8 November 2009, 10:09am, with all updates done, here are the forecasts for the coming week:

Prediction for Week 45 (8 November to 14 November 2009):


ftse 100: 5181-4900;

SPX500: 1078-982;

Nikkei 225: 10180-9223.

Cable: $1.6840-$1.6470.

Gold: $1101-$1032;

BP: 586-562 pence;

BHP Billiton: 1754-1666 pence ;


8 November 2009, 9:30 till 10am, sending out weekly moo river watch on ftse 100 with weekly and daily charts.

7 November 2009, 20:12pm, sending out weekly moo river watch on Spx500 with weekly and hourly chart, very interesting week is coming up, particularly if you are a bear.

7 November 2009, 19:16pm and 19:22pm, sending out weekly moo river watch on Nikkei 225 with weekly and hourly charts.  Another small triangle for Sunday night.  It will a night to be remembered!

7 November 2009, 16:37pm and 16:42pm, sending out weekly moo river watch on cable with weekly and hourly charts.  An interest week is coming up with a small triangle to play with for the beginning of the week and perhaps a false break and then a reversal.

7 November 2009, 13:42pm, sending out weekly moo river watch on gold with weekly and hourly charts.

7 November 2009, 9:45am till 10:30am, sending out weekly moo river watch on BP and BHP Billition with weekly and hourly charts.

7 November 2009, 07:23am.  Not a good week for forecasting and terrible trading, having thrown away so many pointers by holding onto shorts for too long.  There has got to be better weeks to come:

Prediction for Week 44 (1st November to 7th November 2009):






ftse 100: 5106-4872 (actual: 4984-5162);

Dow: 9805-9480 (actual: 9678-10048);

Hangseng 42: 21630-20150 (actual: 20987-21959).

Euro/dollar: $1.4480-$1.4760 (actual: $1.46-$1.49).

Gold: $1020-$1053 (actual: $1042-$1101);

RBS: 46-33 pence (actual: 40-34 pence);

Barclays bank: 297-350 pence ( actual: 344-315 pence);


Results for Week 44: +520 pointers (Week 8 in full-time daytrading)



6 November 2009, 19:30pm onwards, talking to members on MSN.

6 November 2009, 19:30pm onwards till 19:52pm, sending out a round of updates on various instruments covered this week and have given all a Diamond treatment.  A diamond is actually very much a tradable pattern and it is non-biased either, as a breakout of either side is  also tradable.

6 November 2009, 16:38pm, sending out scalping plans, but trade alert to short ftse 100 at 5150 should have netted some pointers for members, as it went to 5113ish.  Time to prepare dinner.  Weekend starts.  Auto-scalper on.

6 November 2009, 15:18pm, divided the trade zones on ftse 100 into three: 5160-5080; 5080-5000 and 5160-5230.

6 November 2009, 15:00pm, sending out various updates, but the market was so volatile.  sending out trade alert to short ftse 100 at 5150, stop loss in and target lower.

6 November 2009, 10:52am, sending out an hourly chart on ftse 100 and a detailed plan for trading non-farm payroll day for both bulls and bears.  Warned of volatility.

6 November 2009, 10:19am, some members are really flying high, they combine their own system with my moo rivers etc to the greatest advantage.

6 November 2009, 10:07am, sending out latest hourly on ftse 100, identifying the triangle in blue.  Because we are hugging the upperbank for so long, there is more of a chance of a break down in one go, after non-farm payroll.

6 November 2009, 8:59am, in a happy mood to land that opening gap trade, not a lot of pointer, somehow it cheers me up.  I am scalping for now and trendtrade from 2pm, non-farm payroll day.

6 November 2009, 08:28am, sending out updates on Barclays and RBS, one up gap and one down gap to be filled, what a doodle!

6 November 2009, 08:12am, sending out my trading plan for ftse 100 for the morning.  We landed the gaptrade this morning, it was a scalp posted last night.

6 November 2009, 7:17am till 7:37am, sending out a round of updates on all instruments.  Pleased to note something similar all around the world, topping exercise, pending a big up or down.  We have to respect breakdowns or breakouts!

5 November 2009, 21:36pm till 22:01pm, sending out updates on dow, gold, Hangseng 42 and Nikkei 225.  All very bullish, with Japan being the least bullish though holding onto its lowerbank in a triangle.  My gold short does not look that good or safe, I have increased my stop loss to 100 pointer and that is that!

5 November 2009, 19:16pm, sending out a full bear fantasia on ftse 100 on hourly chart to bid all members a good night.

5 November 2009, 18:45pm, exploring the way forward for ftse 100, one Head and Shoulder and one downstream moo river, a final bear fantasia.  Luckily, in the Club,
there are some good traders there and there are bullbears as well.

5 November 2009, 17:06pm, sent out auto-scalping program on ftse 100 tonight and now time to cook dinner.

5 November 2009, 16:43pm, the scalp alert worked out 20 odd pointer profit, alerted members to take that for now.

5 November 2009, 16:11pm, sending out 15m on ftse 100, scalping for now.

5 November 2009, 15:57pm, sending out trade alert on ftse 100.

5 November 2009, 15:59pm, this morning sent out member R's bullish count on spx500 to alert the members for the possibility and now R has told us about his trading today, which was a short in the morning, well done; a long after the dive, well done; and now a short.  Looks a perfect day for R.  I wish I was that nimble. 

5 November 2009, 15:48pm, sending out hourly on spx500, fast approaching the neckline 1066, but no sign of weakness yet.

5 November 2009, 15:01pm, shorted 5130 and now need to take some time off and chill out for a bit, sending out ftse 100 hourly chart, updating the triangle on hourly momentum.

5 November 2009, 14:23pm and 14:38pm , sending out hourly and 4-hourly, stating 5130 last bear stand.

5 November 2009, 13:48pm, I have only had one and half trading days today, since Tuesday, I have fallen into an inertia, unable to take profits and scalp.  I think it is the so-called trendrider's daydream mode, very strange, but very strong and obviously useless in terms of piling up pointers.

5 November 2009, 13:46pm, sending out various updates on dow, spx500, Barclays, they are all staying within their trading patterns, showing some bullishness, but within their boundaries.

5 November 2009, 13:33pm, sending out latest on ftse 100 and euro/dollar.  Gold is still above 1080, so some more bullishness for stocks.  We still play that range on ftse 100.

5 November 2009, 10:00am, sending out hourly ftse 100 chart, exploring the trading within this range thoroughly and now ready to go out for a few hours.

5 November 2009, 08:40-52am, sending out hourly on Barclays and RBS and also on ftse 100. Trigger's fairy tale of Winter Wonderland continues to evolve according to the plan.  4950ish first, then 5050ish and then 4850ish, I wish I made the markets.  But there are bulls and bears, and people trade their own games.

5 November 2009, from 7:15am till 7:55am, sending out a round of updates on all instruments apart from the two companies.  Looks like we are going to have a weak morning session till 5000 or 4950 on ftse 100 and perhaps a bounce up later on.  We ain't going to crash until the yankies show us the jobs tomorrow afternoon.  Gold is still above 1080 bear line. 

4 November 2009, 22:02pm, sending out a perfect moo river chart on ftse 100 where everything fits like a glove, all we need is a good night's sleep and a realisation tomorrow. 

4 November 2009, 21:38pm, another member kindly paid for December subscription, how generous and supportive.  I must do my very best for all my members.

4 November 2009, 21:26pm, sending out dail moo river watch on ftse 100 as follows:

Weekly




Momentums: rsi is bending up a bit, but has not yet hit the lowerbank of this upstream moo river; Stoch is bearishly crossed, still hovering at a high of 76ish; Momentum is testing the lowerbank of this upstream moo river, a break here will change the direction of this market.



Price: we managed to stay above one bank I drew, which is on 5000. Ema200 is near 5190, para sar dots are the second red in a row, ema 100 is at 4940 as support. Remember when ema 200 is above ema 100, the market is still bearish!



Daily



Momentums: RSI was going to shape up a W, but it is looking a bit weak now; Stoch has crossed bullishly and has formed a W; Momentum has formed a W as well. These momentums have turned quite bullish which is a concern to the bears;



Price: we have been kept under ema 20 at 5129 so far and ema100 is at 4915 and ema 200 is at 4732, hence it is still a bull market here, as ema 200 is supporting ema 100. Para sar dots have gone 9 in red in a rwo, which is the longest running bear run so far. There is hope for both sides.



It is a mixture of possibilities. I still think we have those two possibilities



1. up to 5200 to form the right shoulder, if 5120/30 is broken;



2. down to 4860, if 4980 is broken on the third attempt.



We closed in cash at 5108, so there is an opening gap up there and we know there is opening gap down there at 5034ish for today.



It is all to play for. A week in the market is a long week.


4 November 2009, 20:26pm, sending out hourly chart on ftse 100, still sticking to my weekly range between 5106 and 4872 and leaving members with a riddle for the chart pattern to come.

4 November 2009, 18:30pm to 19:13pm, sending out evening updates on all apart from Barclays and RBS, as they are closed.  Sounding some alarm for bears, but still hopeful on ftse 100 shorts, cautioned for protection in place.

4 November 2009, 17:00pm, sending out two hourly charts on ftse 100 and 4 hourly chart on ftse 100 and explore our alerted short order which has been filled on the spike.  Good luck all.

4 November 2009, 12:22pm till 12:58pm, talking to members via emails and sending out updates on all the instruments.  Honkers are stuck in a tradable triangle, a blackhole I called it.  Yankies have managed to break the upperbanks of my downstream moo rivers a bit, not confirmed yet.  Gold is still wild, but once it is under 1080, it is tradable, or shortable, at the moment, it is a no bear's land.  Euro/dollar, very good shorting opprotunity as it is banging on the upperbank.  We wait for the yankies to wake up.

4 November 2009, 12:11pm, sending out hourly chart on ftse 100 with a trading alert.

4 November 2009, 08:32am, sending out hourly on rbs for gaptraders only and Barclays, exploring three possible bull targets. I have to it was a total chickening out for me on Barclays this week.  I sit here eating my humble pie on this one.

4 November 2009, 07:33am, I made two mistakes yesterday, by not closing the 5106 short and the SUK2. I had this strong intuition that I should close them, and I got a quote for SUK2, which was up for a few hundred quid and that short was showing more than 100 pointer profit, but somehow I did not go for them. It is yet another missed opportunity.  Every week, I pile up missed pointers in hundreds, there must be a better trader to come yet.

4 November 2009, 6:45am onwards till 7:33am, did a round of updates on the indices, euro/dollar and gold.  Very tradable days, though both bulls and bears are all hopeful for a run today.  We have tradable patterns on all of them, but one has to work out one's trading plan according, in terms of what if the pattern holds or what if the pattern is broken.  A tricky day, but very tradable day.

3 November 2009, 21:33pm, instant positive feedback from new members. Very pleasant.

3 November 2009, 19:55pm, made over 400 pointer this week so far, not too bad, still carrying that 5106 short, more relaxed today, perhaps too relaxed, should have scalped a bit.  All bear pointers, but my friend Theory would say what about bull pointers as well, as I seem to get the exit levels almost to the spot this week.  I know, Theory, a better moo river trader is yet to come.

3 November 2009, 19:40pm onwards till 19:52pm, welcoming new member and resending weekly watch and sending an updated hourly chart on ftse 100, exploring two scenarios and adding further speculation for a Black Wednesday.

3 November 2009, 18pm, did a roundup of today's markets of al the instruments and sent out some charts as well.  We are meandering and filling triangles, apart from gold, I have probably got it wrong, if I lose this one, then that is the last gold trade for me, ever!

3 November 2009, 16:13pm, placed first ever gold short at 1077, with a first ever stop loss of 50 pointer, targeting 700 dollars on gold, see how it goes.

3 November 2009, 15:59pm, sending out gold chart, alerting gold bears, now or 1111 dollars, as it has hit my deceleration upperbank.

3 November 2009, 15:36pm sending out my latest fantasia on ftse 100, speculating on how this market might move, but we are in the middle of a giant downstream moo river, so a hard decision to make for traders.

3 November 2009, 14:37pm, sending out weekly chart on spx500, speculating two scenarios and the consequence for the lingering bulls.

3 November 2009, 12:53pm, sending out the hourly chart on gold, still untradable, but almost tradable soon!

3 November 2009, 12:02pm, having a good week so far, well, I am a bear.  More to come, I think, as winter is approaching and we are enjoying (if you are a bear) this Winter of Discontent crash/pullback.  The switch to the mentality of selling into rallies and spikes will be hard for many investors, as they look at the shares and find them cheaper to buy now, cheaper still, yet even cheaper by the day.

3 November 2009, 11:28am till 11:48am, communicating with members and sending out a round of mid-day updates, highlighting a global scenario, either a straight forward crash or a delayed one, meandering within the triangles!

3 November 2009, 11:10am, informing that I have taken profits apart from one higher short at 5106.

3 November 2009, 10:23am, sending out hourly chart on ftse 100, updating on trading strategies, with two possibilities, a full crossing or a delayed full crossing within the triangle above the purple neckline and the red upperbank.  Cautions for bulls.

3 November 2009, 09:28am, talking to members on MSN.  very weak market, without a bounce for me to scalp.

3 November 2009, 08:51am, took some profits from some shorts, leaving two higher ones running, will scalp now for a bit.

3 November 2009, 08:38am and 08:41am, sending out updated charts on Barclays and RBS, conveying my personal opinion to avoid RBS and trade Barclays on breakouts rather than within the triangle.

3 November 2009, 07:22am, holding my shorts for a ride down the red moo river on hourly on ftse 100, targeting 4900ish today.  Yesterday was a bit frustrating, but after all the warm support from the Club members, I am feeling calm again.  It is never easy to combine the roles of the moo river watcher and the trader, but I do have a very generous, kind and  supporting Club, which is very nice indeed.

3 Novemmber 2009, 06:42am till 07:18am, sending out all updates on indices and euro/dollar and gold.  The benefit of having a look at so many instruments is that it gives you plenty of reference points to form a general opinion on the financial markets today.  Some markets have turned into very tradable markets like indices and euro/dollar, gold is still untradable.  Another new member joined the Club late last night, but it is never too late to join the Club.

2 November 2009, 22:05pm, another member paid for the December membership fee, it made me smile, yes, it has been a tense start to the week, but the members are very kind and very supporting indeed.

2 November 2009, 21:59pm, sending out Trigger's latest fantasia for the way forward for ftse 100.  As long as the red upperbank holds, this might work out.

2 November 2009, 19:26pm, sending out weekly chart on euro/dollar, and it is hanging on for its dear life on the green lowerbank.

2 November 2009, 19:09pm, sending out hourly gold chart, it is a beautiful upperbank rejection, perfect!

2 November 2009, 18:58pm, sending out 4 hourly on ftse 100 as well, similar issue, so big decision for each individual trader on the neckline.

2 November 2009, 18:50pm, sending out hourly and 4 hourly spx500, as the whole world should be watching for clues for the next move there, the key question is whether SPX500 is going to break its neck or not?

2 November 2009, 16:29pm, send out hourly on Barclays, still trading the triangle, pending a breakout either way.

2 November 2009, 15:35pm, send out 4 hourly on ftse 100 and hourly on dow to update on the spike situation.  On ftse 100, speculated about the flat trading zone.

2 November 2009, 12:59pm onwards till 13:16pm, sending out all updates on the instruments covered over the weekend, most are staying within my weekly range so far and we are meandering all over the places.

2 November 2009, 8:41am, happy feedback from members already this week.  Good start.

2 November 2009, 8:34 and 8:37am, sending out updated chart on rbs and Barclays, still preaching caution on RBS and I am waiting on Barclays.

2 November 2009: from 7:10am till 7:27am, a round of morning call on the instruments covered over the weekend barring the two companies, with some amendment to the charts.

1 November 2009, 11:55am and 12:16pm, sending out weekl moo river watch report with 4-hourly and weekly chart.

1 November 2009, 10:15am and 10:33am, sending out weekly moo river watch report with hourly and weekly charts on Dow.

1 November 2009, 08:46am, received December's subscription from a member, wow, that is early, we have still got November to go through yet.  Much appreciated.

31 October 2009, 20:58pm, sending out weekly moo river watch report with weekly and hourly charts on Hangseng 42.

31 October 2009, 19:38pm and 19:54pm, sending out weekly moo river watch report with weekly and hourly charts on euro/dollar.

31 October 2009, 15:28pm sending out weekly moo river watch report on gold with weekly and hourly charts. 

31 October 2009, 14:11pm, sent out weekly moo river watch report with weekly and hourly chart on RBS.

31 October 2009, 12:01pm, sending out hourly chart on Barclays bank for planning trading for next week.

31 October 2009, 11:33am, sending out first official weekly moo river watch on Barclays Bank with weekly chart.

31 October 2009, 11:32am, positive feedback from members, officially launching the Premium Mooriverwatch Club.

30 October 2009, 19: 43pm, informed that I am scalping a bit here, and still caution against buying against the trend and the fatal mistake of one wrong trade which then pushes the trader to the wrong camp.

30 October 2009, 19:18pm, informed I took some profit from ftse 100 shorts, but left higher ones running, cautioned against buying against trend.

30 October 2009, 15:56pm, sending out 4 hourly chart on ftse 100, explaining the bull trap and now the target for this run.

30 October 2009, from 14:26pm onwards till 15:06pm, sending out a round of updates on all the instruments and welcoming new members.

30 October 2009, from 10am to 10:23am, sent out updated chart on lloyds, BP and banking sector.

30 October 2009, from 7:30am till 8am, sent out all updates, identified the key barometers to watch out for in terms of the market direction.  Feeling much relaxed now.  Still waiting for the result of that kiss on hourly ftse 100.

29 October 2009, from 19:30pm till 19:50pm, sent out updated chart on spx500 and ftse 100.  It is either big up or big down, so difficult to call now, waiting for the outcome of a useful kiss on hourly ftse 100 chart.

29 October 2009, from 14:13pm till 15:15pm, sent out a round of updates on all the instruments.  It is taking me much longer now, as some markets need to be redrawn and some markets are becoming more difficult to trade.  Over the weekend, we have identified a good number of markets which are so tradable and members must have taken advantage of those this week, as I have enjoyed my trades on ftse 100 and my weekly forecasts are mostly fairly decent, apart from cable.  But the moo rivers do not stay still, and when they move, some markets become more difficult to trade and some markets are untradable for a while.  Patience is required, a good hunter must wait for the opportunity to pounce on an easy target.

29 October 2009, 09:13am, sent out 4 hourly chart on ftse 100 and the link to the 3 peaks and 1 domed house pattern to show a classic twin image there!

29 October 2009, from 6:26am till 7:16am, sending out a full morning call on all the instruments covered this week, sounding caution and notifying that I have cashed in the short at 5193 this early morning.

28 October 2009, 20:17pm, sent out weekly chart on ftse 100 to highlight the breakdown, a significant development there.

28 October 2009, 19:45pm, talking to members on MSN.

28 October 2009, 19:18pm, sending out 4-hourly chart on ftse 100, looking for reversals or a breather.

28 October 2009, 16:40pm till 17:07pm, sending out a round of updates on all the instruments studied this week, everything is heading the right way or have already met my weekly forecasts, apart from the tricky customer Cable.

28 October 2009, 14:17pm sending out hourly chart on spx500, working out how we can tell whether the whole global stock market is going to continue to trend down or meander for a while.

28 October 2009, 12:58pm, sending out hourly gold, sounding caution and also advise to ascertain the holding or breaking down of this key support.

28 October 2009, 12:53pm, sending out hourly on spx 500, preparing for either meandering or further tanking down.

28 October 2009, 11:33am, sending out alert that I have taken more profits.

28 October 2009, 11:23am, sending out hourly chart on ftse 100 with a mind play of key fib levels.

28 October 2009, 11:11am, more positive feedback from members, the words Fantastic Week ring a bell or two or three...

28 October 2009, 10:39am, sent out hourly chart with momentums on ftse 100, correlating the findings there.

28 October 2009, 10:36am, sent out hourly chart on ftse 100 to identify the next move ahead, a bit of meandering perhaps.

28 October 2009, 10:28am, sent out alert that I have taken some minor profits near 5100ish key level.

28 October 2009, 10:17am, sent out daily moo river watch on ftse 100.

28 October 2009, 10:03am, sent out hourly on SPX500, heading for my weekly forecasted range as well.  I must have had a good weekend's moo river watch this week and market obliges.

28 October 2009, 09:58am, sent out hourly chart on LBG, almost a perfect weekly forecast on this one.

28 October 2009, 09:50am, sent out hourly on BP, that gap is yawning to be filled, maybe.

28 October 2009, 09:44am, sent out weekly chart on gold to talk about the bigger picture of a possible deceleration.

28 October 2009, 09:30am, sent out updated hourly chart on ftse 100 with some comments of key support levels.

28 October 2009, 7am to 7:50am, sent out a round of updates on all the instruments watched over the weekend, quite a few significant changes over night, eg Japan, breaking down all the upstream moo rivers there.  Big days are coming up.

27 October 2009, 22pm, sent out latest hourly on ftse 100, providing another route towards 5050 and warning of both possibilities for bulls and bears.

27 October 2009, 20:10pm, more positive feedback from members, feeling warmly encouraged.

27 October 2009, 19:08pm, sent out hourly chart on ftse 100 to demonstrate one extremely bearish possibility towards 5050.

27 October 2009, 16pm onwards, sent out a round of afternoon updates on all the instruments covered this weekend, adjusted some banks and made some comments about trading conditions on several instruments.  Meandering looms large as the key word!

27 October 2009, 10:30ish, sent midmorning roundup with some charts on BP, Cable, and Lloyds, comments copied onto the III.

27 October 2009, 9:15am, sent daily moo river watch on ftse 100, copied on III as well.

27 October 2009, 7am onwards, resending weekly moo river watch reports and charts to new members to keep them up to speed.

26 October 2009, 07:32am, sending out 4-hourly chart on SPX 500, drawing a downstream moo river there, and a few key levels, noticing the rounded top pattern as well.

26 October 2009, 07:25am, sending out hourly chart on cable, similar to LLoyds, noticing both range trading and breakout trading are possible, though best avoided as it can turn into a wild beast fairly quickly.



26 October 2009, 07:20am, sending out hourly chart on Lloyds, noticing both range trading and breakout trading are possible, though best avoided as it has turned into a wild beast.

26 October 2009, 07:16am, sending out hourly chart on BP, noticing range trading is impossible, so probably trade on breakouts.

26 October 2009, 07:13am, sending hourly chart on gold with new triangle to trade.

26 October 2009, 07:03am, sent out hourly chart on Nikkei 225, redraw a deceleration moo river and talked about trading for both bulls and bears.

26 October 2009, 06:58am, welcoming new members and start doing the daily morning calls.  sent out hourly chart on ftse 100, business as usual in our oddly shaped moo river, which has worked out a treat since Friday evening.

25 October 2009, 22:05pm, sent out hourly chart on ftse 100, charting out a possible course of action for tomorrow, with an exploration of an M top for test of 5050, if the upperbanks hold firm when it is under siege in the afternoon.

25 October 2009, 19:45pm, sent out 4-hourly chart on FTSE 100, talking about moo river linguistics.

25 October 2009, 19:33pm, sent out daily chart on Cable, identifying the tradable pattern there.

25 October 2009, 19:05pm, sent out hourly chart on ftse 100, exploring the waves within the moo river and our oddly shaped pattern, which has worked out such a wonder today.

25 October 2009, 18:53pm, sent out weekly chart on ftse 100, noting a significant change there.

25 October 2009, 16:51pm, sent out 4-hourly chart on spx500, noting the correlated downtrend, but also advise caution.

25 October 2009, 16:39pm, sent out hourly on Lloyds, this morning's breakdown alert was timely!

25 October 2009, 16:35pm, sent out hourly on Nikkei 225 to update on the broken range and moo river.

25 October 2009, 16:30pm, sent out hourly chart on cable, suggesting breakout trades are probably better than range trading between two moo river banks we have drawn there.

25 October 2009, 16:26pm, sent out hourly chart on gold, triangle broken there.

25 October 2009, 16:08pm, sent out hourly ftse 100 and the delayed crash scenario has worked out a treat so far.  Looking to book profits.

25 October 2009, 12:35pm, sent out two hourly ftse 100 charts to provide some moo river insights there. 

25 October 2009, 10am, posted an update on UKX forum, sent out hourly updates on BP, Nikkei and LLoyds.

25 October 2009, 8:43am, sent out first hourly chart on ftse 100 to speculate the course of actions ahead, as our pattern seems to be working out well.

25th October 2009, from 7am, sent out all intraday hourly updates on those studied over the weekend, including ftse 100, gold, cable, lloyds, BP, Nikkei 225 and spx500, identifying some very tradable instruments with key levels.

24 October 2009, 9:12am, sent out weekly moo river watch report and chart on FTSE 100.

24 October 2009, 8:29am, sent out weekly moo river watch report and chart on SPX 500 with a tradable triangle there identified.

24 October 2009, 21:55pm, sent out weekly moo river watch report and chart on Nikkei 225, a bit of Japanese mess here.

24 October 2009, 17:39pm, sent out weekly moo river watch report and chart on Cable, stirring up a controversial forecast.

24 October 2009, 16:40pm, sent out weekly moo river watch report and chart on Gold, showing a wow week on Gold.

24 October 2009, 11:33am, sent out weekly moo river watch report and chart on BP Plc.


24 October 2009, 10:22am, sent out weekly moo river watch report with weekly chart on LLoyds Banking Group.  A volatile week is coming up.

23 October 2009, 18:46pm, sent out hourly on ftse 100, still highlighting the possibility of a delayed crash till Monday.

23 October 2009, 16:34pm, sent out hourly on gold, a full crossing there, what a nice representation there, very tradable, as identified much earlier.

23 October 2009, 16:28pm, sent out hourly on dow, the triangle is still there to be traded.

23 October 2009, 16:08/16:10pm, sent out hourly charts on ftse 100, exploring an alternative pattern to a big crash tonight, which delays the crash until Monday.

23 October 2009, 13:20pm, sent out latest hourly chart on ftse 100 with revised scenarios.

23 October 2009, 12:37pm sent out hourly on gold for referencing as well, as this one has a giant triangle ending on 2nd November 2009.

23 October 2009, 12:33pm, sent out hourly dow, suggesting a correlated use of charts with definitive patterns against those with moo rivers, which are more fluid.

23 October 2009, 11:51am, hourly chart on ftse 100, there is this moo river to be traded, bears or bulls.

23 October 2009, 10:46am, trade alert sent on ftse 100, two options.

23 October 2009, 09:52am, hourly chart on ftse 100, highlighting the blue downstream moo river and the possibility for a full crossing later on.

23 October 2009, 9:13am, more positive feedback from members, having a great week, and enjoying the charts.

23rd October 2009, 9:13am, sent out daily moo river watch on ftse 100.

23rd October 2009, from 7:40am till 8:43am, updated all watches on ftse 100, gold, dow, euro/dollar, bhp Billiton, Standard Chartered, Hangseng 42, Lloyds, identified a good number of tradable markets there, very tradable.

22nd October 2009, 20:48pm, sent out 4-hourly chart on ftse 100, speculating a bear path as long as this new downstream moo river holds.

22nd October 2009, 20:21pm, sent out hourly chart on Standard Chartered, noticing a giant M against the upperbank.

22nd October 2009, 19:30pm, talking to some members on MSN.

22nd October 2009, 20:08pm, sent out Hangseng 42 chart, this one is difficult to call.

22nd October 2009, 19:58pm, sent out gold chart, this giant triangle has a shelf life till November.  Patience is required for a breakout trade.

22nd October 2009, 19:50pm, sent out hourly dow, we have hit the upperbank of a possible downstream as well now, either this or the giant triangle lives.

22nd October 2009, 19:39pm, sent out hourly on ftse 100, drawing a new possible downstream moo river, though the main downstream moo river remains the key test for
bulls.

22nd October 2009, 15:52pm, sent out hourly dow chart, trick or treat?

22nd October 2009, 15:28pm, sent out hourly on ftse 100, pointing out the nature of the trading at this moment, meandering!

22nd October 2009, 13:31pm, hourly on Standard Chartered, it is untradable or tradable within too tight a range.

22nd October 2009, 13:23pm, hourly on BHP Billiton, highlight the moo river action there.

22nd October 2009, 13:17pm, hourly on gold, finally find a pattern for it, which is tradable.

22nd October 2009, 13:15pm, weekly on euro/dollar, no bear's land at the moment.

22nd October 2009, 13:09pm, sent out hourly chart on dow, exploring the giant triangle and a few moo rivers there, as well as highlighting the issue of trading there.

22 October 2009, 13:03pm, sent out hourly chart on FTSE 100, highlighting the meandering triangle and key levels.

22 October 2009, 10:08am, sent out daily chart on ftse 100, highlighting the correlation between price and momentum there.

22 October 2009, 9:53am, sent out hourly on ftse 100, noticing the meandering, or the calm before the storms.

22 October 2009, 07:30am -07:57am, updated all instruments including dow, ftse 100, gold, standard chartered, BHP Bulliton, Hangseng 42, euro/dollar with morning calls.  Some bearish, some hanging in midair having broken down, some spikey and tricky.

21 October 2009, 21:18pm, sent out Hangseng 42 hourly, upstream moo river broken down.

21 October 2009, 20:46pm, sent out 4-hourly chart on ftse 100, downstream moo river validified.

21 October 2009, 18:38pm, sent out hourly on ftse 100 highlighting the M's on momentum.


21 October 2009, from 18pm, talking to members on MSN.

21 October 2009, 18:26pm, sent out 4-hourly on ftse 100, highlighting the upperbank of the downstream moo river being attacked.

21 October 2009, 15:59pm, sent out hourly on ftse 100, warning intra day volatility is a sign of topping and warns of major volatility ahead.

21 October 2009, 15:54pm, sent out weekly on spx500 highlighting the major challenge ahead.

21 October 2009, 15:48 pm, sent out hourly on dow, to show the validity of the triangle.

21 October 2009, 15:09pm, sent out 4 hourly on ftse 100 again, to show the new downstream moo river is still valid, though market has come back to fill in a triangular gap for today as warned earlier on.

21 October 2009, 13:27pm, sent out hourly on HSBC, with a broken triangle.

21 October 2009, 13:24pm, sent out hourly on BHP Billiton with downstream moo river highlighted there as well.
21 October 2009, 13:21pm, sent out hourly on euro/dollar, downstream moo river there as well.
21 October 2009, 13:15pm, sent out hourly downstream moo river on Lloyds with a broken triangle.


21 October 2009, 13:12pm, sent out gold hourly chart to highlight the tradable M.

21 October 2009, 13:09pm, sent out hourly chart on dow, highlight the tradable triangle there.

21 October 2009, 12:51pm, sent out 4 hourly chart on ftse 100 to identify the new downstream moo river.

21st October 2009, 11:51am, sent out ftse 100 hourly and exploring the possibility of a free rider to the Jackpot.

21st October 2009, 08:56am, sent out exploratory disaster scenario on ftse 100 to warn of extreme volatility ahead.

21st October 2009, 08:13am, warning of extreme volatility.


21st October 2009, 07:27 till 07:43am, sending out hourly updates on ftse 100, standard chartered, lloyds, bhp billiton, hangseng 42, gold, euro/dollar and dow.

20th October 2009, 21:03pm, sent out daily chart on gold, noticing something of striking similarity.

20th October 2009, 20:55pm, sent out daily chart on euro/dollar.

20th October 2009, 20:51pm, sent out hourly chart on ftse 100 to show the six laddered steps to cross a downstream moo river.

20th October 2009, 18:15pm, sent out 4-hourly chart on ftse 100 to portray the bigger picture.


20th October 2009, 16:51 and 16:53pm, sent hourly chart on ftse 100.

20th October 2009, from 15pm, talking to members on MSN.

20th October 2009, 15:50pm, sent out hourly ftse chart to explore the tennis game.


20th October 2009, 15:34pm, sent out hourly dow chart.

20th October 2009, 14:38pm, sent hourly ftse100 chart, exploring two options.

20th October 2009, 12:55pm, daily chart on euro/dollar sent.

20th October 2009, 12:47pm, daily chart on gold sent.


20th October 2009, 12:41pm, hourly chart on dow sent.

20th October 2009, 12:39pm, hourly chart on ftse 100.

20th October 2009, 10:36am, hourly chart on ftse 100 to alert members of advanced facilities.

20th October 2009, 9:07am, hourly chart on ftse 100 with some possible road maps.

20th October 2009, 8:31am, hourly on ftse 100 to update after the opening.


20th October 2009, from 7am, talking to members on MSN.

20th Octoer 2009, 7:50am, morning updated with hourly chart on euro/dollar.

20th October 2009, 7:20am to 7:45am, morning updates sent out with hourly charts on gold, dow, Hangseng 42, Standard Chartered, BHP Billiton, Lloyds.


20th October 2009, 07:13am, further morning call on ftse 100 with hourly chart, identifying key levels.

20th October 2009, 07:05am, morning call on ftse 100 with 4-hourly chart, identifying key bank trades for bulls and bears (bank trades are those with higher probability and lower risks).

19th October 2009, 20:20pm-now, talking about trading with member on MSN and trading profitably as well. also sorting out some technical problems with one member for missing some charts.

19th October 2009, 20:23pm, sent out hourly and 4-hourly charts on ftse 100.

19th October 2009, 20:12pm, sent out daily moo river watch on ftse 100.

19th October 2009, 16:56pm, send out one revised 4-hourly chart on ftse 100.

19th October 2009, 16:40pm, sent out 4-hourly chart to find more sense of this market--how about a double top, now that the Head and Shoulder pattern has gone.

19th October 2009, 16:10pm, sent out two hourly chart on ftse 100, highlight we may have hit the right shoulder line.

19th October 2009, 14:01pm, sent out hourly chart on ftse 100, redrawn the momentum indicator.

19th October 2009, 13:32pm, sent out hourly spx500 chart, exploring three possibilities.

19th October 2009, 13:20pm, sent out hourly ftse 100 chart, taking note of the possibility of a pair of correlated M on price and momentum, not confirmed yet.

19th October 2009, 12:48pm, sent out hourly chart on lloyds share.

19th October 2009, 11:50am, sent out hourly update on ftse 100.

19th October 2009, 11:10am, problem with moorivertradingsystem@live.co.uk email box, so switch to the other email box premiummooriverchartclub@live.co.uk.


19th October 2009, 10:58am, sent hourly updated chart on HSBC, highlighting the triangle there.

19th October 2009, 10:14am, sent hourly updated chart on Lloyds.

19th October 2009, 10:07am, sent hourly updated chart on ftse;

19th October 2009, 9:56am, sent out hourly dow chart (full listed updated through hourly charts, now focus on ftse 100 trading).

19th October 2009, 9:50am, sent out Hangseng 42 hourly chart, highlighting the squeeze.

19th October 2009, 9:41am, sent out BHP Billiton hourly chart, speculating on three scenarios.

19th October 2009, 9:36am, sent out standard chartered hourly chart with two moo rivers.

19th October 2009, 9:29am, sent out gold hourly chart with two moo rivers.

19th October 2009, 9:21am, sent out euro/dollar hourly chart with two moo rivers.

19th October 2009, 9:03am, send both clubs the hourly on ftse 100 to speculate where this market is headed.


19th October 2009, 8:39am, sent second email alert.

19th October 2009, 8:16am, email alert sent to both clubs.


19th October 2009, 7:57am, emailed about my first trade of the week.

19th October 2009, 7:42am, sent out hourly on ftse 100 and morning call.

18th October 2009, 19:16pm, sent out bank sector chart to highlight one key feature there and its implication for ftse 100.


18th October 2009, 19:08pm, sent Lloyds share chart to highlight the most interesting chart of all for this week.


18th October 2009, 18:30pm, more positive feedback from members.

18th October 2009, 12:03pm, sent out weekly moo river watch on ftse 100 with chart.

18th October 2009, 09:01am, sent out weekly moo river watch on dow with chart.

18th October 2009, 09:00am, more communications and positive feedback on the moo river system from members.

18th October 2009, 08:03am, positive feedback from members.

17th October 2009, 13:43pm, sent out weekly moo river watch on euro/dollar with weekly chart.

17th October 2009, 11:08am, sent out weekly moo river watch on Gold with weekly chart.

17th October 2009, 10:08am, sent out weekly moo river watch on BHP Billiton plc with weekly chart.

17th October 2009, 8:55am, sent out weekly moo river watch on Standard Chartered Bank with weekly price chart, highlighting the key opportunity there.

16th October 2009, 19:58pm, sent out correlated 15m chart for price and momentums, with red bear flags highlighted.

16th October 2009, 19:35pm, sent out 15m ftse 100 chart, to explore a possible bear flag and a full crossing of one of the moo rivers.

16th October 2009, 18:05pm, sending out dow chart for a similar story there.

16th October 2009, 18:02pm, sent out spx500 chart, to show a key test at the moment.

16th October 2009, 16:22pm, sent out hourly on ftse 100, it is a scalping range now, pending the ftse to close in cash.

16th October 2009, 15:10pm, sent out daily moo river watch on ftse 100.

16th October 2009, 14:52pm, sent out dow chart for cross referencing.

16th October 2009, 14:43pm, more positive feedback from members. Encouraging start to the Premium Club.

16th October 2009, 13:51pm, sending out hourly chart on ftse 100 again to send word of caution and plan for the next move.

16th October 2009, 13:50pm, receiving happy feedback from members.

16th October 2009, 13:28pm, sending out two hourly charts on ftse 100 with a big yeehaa for bears, the plan worked a treat today.

16th October 2009, 9:07am, hourly ftse 100 chart to highlight the opening candle and the momentums.

16th October 2009, 8:43am, hourly ftse100 chart to highlight the perfect hit on rsi as well.

16th October 2009, 8:32am, it is working to plan, alerting both bulls and bears on ftse 100.

16th October 2009, 7:18am, sent out morning call on ftse 100, with both bull and bear scenario explored.

15 October 2009, 22:16pm, sent out hsbc chart to highlight the key challenge now!

15 October 2009, 21:32pm, exploring a trading condition on ftse 100.

15th October 2009, 21:30pm, sending out hourly chart on ftse 100 to highlight a bigger Head and Shoulder emerging, as long as the blue upperbank holds.

15th October 2009, 19:03pm, sent out dow hourly chart, exploring the correlated global triangular meandering at the moment. Yes, we are all stuck!

15th October 2009, 18:58pm, sent out hourly chart, negating the H&S pattern, and explored the triangular meandering for bulls and bears.

15th October 2009, 14:44pm, sent out dow and ftse 15m chart to highlight the sale of bear flags all over the world.

15th October 2009, 16:28pm, sent out hourly on ftse 100 to speculate about timing of the next move.

15th October 2009, 15:30pm, sent out daily moo river watch on ftse 100.

15th October 2009, 15:08pm, sent out hourly chart on ftse 100 exploring correlation and the triangle, while talking to member online.

15th October 2009, 13:03pm, sent out a batch of charts on ftse 100, spx500 and dow to update on the market conditions.

15th October 2009, 10:58am, sent out Jarvis renko chart, for those who play pennies.

15th October 2009, 10:50am: sent out RBS renko chart, yes, you know, I avoid this one like a plague, but some people love it.

15th October 2009, 10am, welcoming new members and resending charts to keep them up to speed.

15th October 2009, 9:19am, talking to members and send them updated charts on hourly ftse with momentums.

15th October 2009, 8:32am, talking to members online via MSN.

15th October 2009, 07:20am, sending out Hangseng 42 to explore the way forward for this global bull market leader.

15th October 07:12am, sent out dow 4 hourly to explore some possibilities there for correlation.

15th October 2009, 07:00am, sent out morning calls, for ftse 100, via hourly and 4 hourly, exploring both scenarios both bulls and bears.

14th October 2009, 21:36pm, sent out another hourly chart on ftse 100 with momentums to speculate a five-wave down to 5080 by Friday, though it is a biased in the bear camp as highlighted.

14th October 2009, 19:25pm, sent out renko chart for BP to highlight the key challenge ahead.

14th October 2009, 19:13pm, sent out updated chart of Centrica, highlight the breaking down of the lowerbank for the upstream moo river.

14th October 2009, 19pm, resending out some chart to new members.

14th October 2009, 16:48pm, speculating about the remainder of the week and next week on hourly chart for ftse 100.


14th October 2009, 16:16pm, sent cable chart to highlight the risks there both for bulls and bears.

14th October 2009, 15:51pm, sent daily moo river watch on ftse 100.

14th October 2009, 15:18pm, sent chart for banking sector to probe into this bull run in more details.

14th October 2009, 15:01pm, sent out updated Lloyds renko chart to show the neckline there.

14th October 2009, 14:30pm, send out updated hourly chart to show the emergence of M's on momentum.



14th October 2009, 11:38pm, resending out updated charts to new members.



14th October 2009, 11:13am, sent out spx500 4-hourly chart for correlation as well.



14th October 2009, 11:03am, sent out 4 hourly dow chart to study the correlation between markets.



14th October 2009, 10:50am, sent out another 4-hourly update on ftse 100, with momentums.



14th October 2009, 10:33am, sent out two 4-hourly charts for ftse 100, to explore the options from here onwards both for bulls and bears.

14th October 2009, 10:03am, sent out hourly update, warning a possible spike onto the green upperbanks again.



14th October 2009, 09:55am, sent out hourly update on ftse 100, not happy with a breached possible blue upperbank. needs more rework.



14th October 2009, 9:09am, sent out a speculation for a low date for 2009, for the low of Wave 4 or a lower low, that is the question.



14th October 2009, 8:52am, sent out daily chart to explore this meandering process, with risks to bears and levels of risks explored.



14th October 2009, 8:20am, sent out updated hourly chart on ftse 100 to highlight target area.

14th October 2009, 8:10am, sent out to inform I have shorted at 5227, with a theoretical stop loss at 5242, with the attractiveness of a huge opening gap overnight. only highlighting a trading condition, not a trade advice, dyor, etc.


14th October 2009, 7:56am, sent out two updated hourly chart on ftse 100 to explore the opening scenarios.

13th October 2009, 21:10pm, sent out updated hourly chart on ftse 100 to speculate about the remaining few days.

13th October 2009, 19:03pm, sent out updated hourly chart on ftse100 and informed that I have taken some profit around this key area.

13th October 2009, 16:00pm, sent out updated hourly chart for ftse 100, looks set for a happy day for bears.



13th October 2009, 13:48pm, sent out updated daily chart on cable to warn of a big move coming up.



13th October 2009, 13:36pm, sent out updated hourly chart on ftse 100 with a fresh new speculative drawing on price and momentum.



13th October 2009, 12:59pm, sent out updated hourly chart.



13th October 2009, 8:53am, sent out daily ftse 100 chart, highlighting a noticeable feature of the pattern there.

13th October 2009, 7:32am, sent out morning call and updated hourly chart. The moo rivers on Momentum are working out a treat.

12th October 2009, 19:00pm onwards, welcoming new members and resending them charts.



12th October 2009, 17:05pm, sent out urgent email, showing levels of support on ftse 100 hourly, in terms of Momentum and RSI etc.



12th October 2009, 16:41pm, sent out update hourly on ftse 100 to show the correlated M taking shape.



12th October, 2009, 16:38pm, sent out BHP Billiton chart for traders in miners.



12th October 2009, 16:23pm, sent out Lloyds renko chart for bancoholics.



12th October 2009, 15:43pm, sent out updated hourly chart, warning the testing of the upperbank of the triangle on Momentum. Bulls are stubborn.



12th October 2009, 14:14pm, send out updated hourly chart on ftse 100 to alert the possibility of a correlated M pair.

12th October 2009, 13:20pm, sent out updated hourly chart on ftse 100, noting the W on Momentum and the validity of the triangle there and also changes the view on price to a line chart, to see any possible M emerging there, against the green upperbank.

12th October 2009, 12:15pm, sent out updated hourly chart on ftse 100 with an observation of the M on Momentum.

12th October 2009, 11:23am, sent out the hourly chart on ftse 100 again with an explanation why it will be such a perfect combination between moo rivers, EWTs and Fibs. Fingers crossed.

12th October 2009, 10:15am, sent updated hourly chart on ftse 100 with triangle on Momentum.

12th October 2009, 10:02am, sent slightly modified hourly chart on ftse 100, to accomodate the last line in the sand for bears.

12th October 2009, 9:42am, sent updated hourly chart on ftse 100, everything is working to the plan till 5220, but would the market oblige?

12th October 2009, 8am, sent charts to new members and notification that I am on MSN, easy to communicate.

11th October 2009, 21:21pm, sent dow chart to cater for some members, as they trade dow.

11th October 2009, 17:00pm, sent charts to new members.

11th October 2009, 11:14am, sent out weekly moo river watch on ftse 100 (chart already sent out on Friday). Weekend updating completed.

11th October 2009, 09:56am, sent out weekly moo river watch on SPX500 with chart.

============

10th October 2009, 21:13pm, sent out weekly moo river watch on Cable with chart, wow!

10th October 2009, 13:50pm, sent out weekly moo river watch on Nikkei 225 with chart.

10th October 2009, 9:58am, sent out weekly moo river watch on gold with chart.

============

9th October 2009, 21:23pm, sent out one last updated hourly chart for ftse 100 with a speculation for the week ahead. The earlier bullish warning update was quite a handy one.

9th October 2009, 17:22pm, sent out an urgent update for the hourly chart on ftse100,
with an alternative viewpoint!


9th October 2009, 17:08pm, sent out updated hourly chart on ftse 100 (cash futures).

9th October 2009, 13:08pm, sent out Centrica daily chart.

9th October 2009, 7:55am, sending out gold renko chart.

9th October 2009, 7:50am, sending out two Centrica renko charts.

9th October 2009, 7:35am, sent out updated hourly chart on ftse 100 cash.

=======

8th October, 2009, 20:58pm, sent out some interesting triangles on daily ftse100 chart for reflections.

8th October, 2009, 17:34pm: sent out a revised hourly chart, still within the dominant green upstream moo river, but also exploring a possible black downstream moo river with some downwards moves.

8th October, 2009, 13:21pm: sent out a further updated hourly chart on ftse 100, speculating a possible bearish route for the market.

8th October, 2009, am: further communications with prospective members and sending out an updated hourly ftse 100 chart with a green upstream moo river.

==========

7th October, 2009: communicating with members to find out more about their areas of interest. Sending out sample charts once subscriptions have been received, to test out technical issues.

Blog Service Notice

Dear visitors,

I know you have come all over the world to visit my humble Moo River Watch Blog for the past 6 months.  I am warmly encouraged by your continuous support.

As from 21st October 2009, the Moo River Watch HQ has changed into a membership only blog: Premium Moo River Watch Club.  All blogs and charts will now be available only to the members of the  subscription-based Premium Mooriverwatch Club.

I know this is a fundamental change to this HQ, but I am now extremely busy servicing the Premium Members through regular updated emails throughout the day and also via the MSN on occasions when they are available.   On top of that, I am a full-time daytrader myself.

I am sorry about any inconvenience caused by this change of status from a free blog to a membership only blog.  Please feel free to have a read of some old blogs to see whether you will be interested in becoming a Premium Mooriverwatch Club member. 


Many thanks and good luck.


Trigger

UK Banks-- Week 28 Moo River Watch (12th Jul to 18th July 09)

Moo River Trading System--Futures trading Made Easy: Moo River watch is based on the correlated findings amongst moo rivers on price, rsi, macd, repulse, elder ray, momentum and stochastic. Moo river trading system is a trading system, taking advantage of trendtrading or scalptrading opportunities based on findings of the Moo River Watch.

=============================

HSBC (cash futures)

Weekly

Price chart: after the recent expansion, we can redraw an upstream moo river, if you link up the low yesterday and in March to form the lowerbank and parallel to link the recent tops to form the upperbank. If we do cross over to the upperbank, it could take us to 666 pence a share, though I think it will be a good effort it we can get back to 570 pence a share.

Volume: volume has been thinning since the March big buys to reverse the bearish trend. It seems that volume can only pick up from here, so another round of buying might kick off from this week.

RSI: this one has let me down badly when initially I thought there would be a moocano eruption in June and it is continuing to slither down.

Stoch: bearishly crossed and still has not reached bear entropy levels;

Momentum: this one let me down as well, as the upstream moo river got broken unexpectedly. We may go flat zone ranging here, hence why I think 570 pence will be a very good effort.

Daily

Price chart: we are enjoying the first para sar dot in the green after a long row of red para sar dots. EMA200 is near 579, if we can break ema100 near 523 pence a share.

RSI: dipped down to 37ish and now shaped up an odd W, looking goood;

Stoch: nicely rounded bottoming up from bear entropy level, further to go;

Momentum: this one is edgy or edging higher.

=======

Overall, we probably have completed a complete round of regurgitation to the 500 pence level (where yesterday's dip was a bargain), now we are ready to go for a Wave 5 or a Wave 3, with the former aiming at 570 pence and the latter the full crossing to 666 pence.

=============================================

Lloyds Banking Group (cash futures)

Weekly

Price chart: it is a mess, it has fallen out of its not too sharp moo river and now it is difficult to redraw an upstream moo river for it. It has basically gone very flat. If it can get past 73 into the old upstream moo river, then the upperbank is near 105 pence. Something has gone lame on this one at the moment, due to the lack of positive noise from the management, I think, as they are busy like a bull in a china shop, business reengineering of course, the benefits of which will take years to come through. So you need to be a good chess player if you invest on this one.

Volume: waning volume here as well.

RSI: this is a strange one, this upstream moo river has been left intact, which is surprising and it looks like shaping up a W here off the lowerbank, which would be nice. Maybe the management are ready to say something positive soon.

Stoch: still bearishly crossed and a long way off to complete a full regurgitation. I need to study Stoch a bit more one day, as it seems to lag price and rsi.

Momentum: it crashed out of the upstream moo river and is now trying to bounce off the ground.

Daily

Price chart: this one is the odd one. It has actually a row of supportive green para sar dots without gaining in prices, now it has two red para sar dots for resistance.

volume: again waning;

RSI: it has crashed out of the upstream moo river to the downside;

Stoch: fully regurgitated to the bear entropy level, now bullishly crossed;

Momentum: slithering, showing little sign of life.

=====
Somehow, you feel that this one has been smothered by some mysterious force, pending a big up or down. EMA200 is at 87.8 pence a share. Not as interesting as HSBC, to be honest.

========================================

RBS (cash futures)

Weekly

Price: can you actually see what it is doing in that narrow stripe of dots there?

volume: what volume!

RSI: in mid-air, are you on the way to the top or the bottom?

Stoch: bearishly crossed and still slithering down;

Momentu: what a collapse, now pick yourself up, dead cat!

Daily

Price chart: it alternates between green and red para sar dots while slithering among some unknown grass, ema is is 76ish pence a share, as if it wants to know, that is where Hestor's fat bonus will kick in, I am sure the government will sell all the shares before Hestor could get his hand on the dosh, unless it is an overnight ghost spike--would that count for the bonus or not! What if Hestor has a friend or two in the Ghost price department! That will surely go to the courts and the appeals courts and finally the European courts! Alas, millions of pounds for the lawyers and another dent on the UK economy and RBS bank!

Volume: we are approaching the end of the triangle, surely we need an eruption, hey, Hestor is watching for a Moocano eruption, till 69 pence of course, not 70 pence, not a shilling more!

RSI: bouncing off 42 the third time, but where are you going though?

Stoch: fully regurgitated and ready to go somewhere.

Momentum: you see it, you have missed it, it has gone hiding in the grass!

=========
Overall, no one in the world would allow this one to go to 70 pence a share this year, so be content to almost double your money from here, if you get lucky! 50 pence wakes up Brown in a huge sweat and 60 pence will send Darling for the bottle!

=================================

Standard Chartered (cash futures)

Weekly

Price Chart: this one has had a very strong run and was proven the most resilient of all UK banks. It depends on how you want to count the waves. I think we are headed for Wave 5, but some might argue this is actually Wave 3 to kick off. It is very difficult to rejig an upstream moo river here, after we broke that one from March in June. We are supported by ema20 and resisted by ema100 and ultimately ema200.

volume: it has been thinning.

RSI: stubborn, but hanging in mid air;

stoch: bearishly crossed, in no way fully regurgitated;

Momentum: we are trying to shape up some sort of W here, if you put your W goggles on.

Daily

Price chart: difficult to draw moo rivers, so might use ema200 for a flat moo river.

Volume: coming to the end of the thinning triangle (don't see a common theme emerging, the summer needs some jazz music to lift it up, otherwise the big boys are bored stiff).

RSI: nice W there off 42 as well, which is bullish of course;

stoch: bending up quitely sharply bullish, what a shame, as price has not gone up that much;

Momentum: another correlated W in the shaping here, more to come.

========

Overall, we got bored with no buying and limited selling, now we want another flooding of the market, so it is more likely to be on the upside to shape up Wave 5 towards 1355 pence maximum, though for the more optimistic, a full crossing to the old upperbank will take us to 1800 pence a share--do you see happening? hmmm.....

=================================

Barclays Bank (cash futures)

(Of all UK banks, this is the most interesting one and I wish I had stuck to my guns and spend all my 10k on this one, rather than on a few other banks as well, which obviously makes my broker very happy.)

Weekly

Price chart: this is the most fascinating chart of all UK banks, as this one is stuck in the last sphere of two conflicting moo rivers, the last corner plot of the triangle. If any banks have the possibility for a full crossing in the upstream moo river, it is Barclays Bank. The rejigged upstream moo river has an upperbank near 432 pence which is exactly the ema 200 level as well, how spooky, surely this is not going to happen, is it? I will hold my Barclays shares for a full ride.

Volume: same here, thinning hair syndrome like every other bank;

RSI: there is a W here off mid air and I can hear myself mumbling that I will cash my shares once it has hit weekly rsi 70.

Stoch: this one is overbought, but is now bullishly crossed, it just shows greed can lead to ultrgreed!

Momentum: what a failed W top and what a collapse and yet the price holds up. Either it is the biggest bull trap or the bullish momentum is really strong.

Daily

Price chart: there is absolutely very little space to turn now, either big up or big down, maximum timescale allowed is this week!

Volume: not picking up yet, it might just shoot up though.

RSI: it has broken a downstream moo river, interesting to note that!

Stoch: tangling with bull entropy level, but bullishly crossed now.

Momentum: picking itself off the floor with a W base.

===========

Overall, it will be a good run if you are not greedy, if we can get into 400's, it will be an astonishing victory for Barclays management--it seems that their way of reinforcement is the best after all.

Let's wait and see. Good luck all.

PS I hold all of the above shares, apart from Standard Chartered Bank.

FTSE 100-- Week 28 Moo River Watch (12th Jul to 18th July 09) (with daily updated moo river watch in the comments section)

Moo River Trading System--Futures trading Made Easy: Moo River watch is based on the correlated findings amongst moo rivers on price, rsi, macd, repulse, elder ray, momentum and stochastic. Moo river trading system is a trading system, taking advantage of trendtrading or scalptrading opportunities based on findings of the Moo River Watch.

=============================

FTSE 100 (cash futures)

(based on 30 year advanced data charts)

Renko Study

Yearly: I don’t know where the long term trendline is for FTSE100, as I could do with a few decades’ data. But at least, it does not have a proper double M top, which gives it a chance for a triangle or a W. Still, so far the bearish momentum is very much evident and it does require a yearful of green renko to reverse the bearish trend.


Quarterly: ftse100 does seem to have bounced off some long term trendline support. It is a protection zone and we bounced off the first line of support. Under 5000, we are very much in the bear market.

Monthly: we bounced up and are now pulling back. We may bounce up again to form a small double M top there, ensuring many a bear month to come, in a basing move to enable the market to rally later on to challenge the key 5000 level. I keep on changing my mind on the timing of it all. Sometimes I see it this way and other times I see it differently. Today, I see a market bottom near October 2010 and rallying afterwards. I certainly see the market holds above 4000 this year, though the upside is rather limited as well for 2009.

Weekly: I have no comments here, as it is too messy to be mooriverable.

Daily: somehow, I feel this 3 peaks and 1 domed house pattern is a bit too far down, if we do not bounce up this week, I think we must look for another pattern to work on. Maybe, any upside will be lmited under 4400 renko for now, until we have to break higher one day. I think the bears have achieved a lot in pushing the market so low, now bulls have lost confidence. Anyways, I will give this pattern one more week to exert itself.

================

Moo River Watch

Yearly

Price chart: if you are a yearly trader, then 4000 is your line in the sand, above 4000, you long and under 4000, you short, as that is the long term trendline as far as I can. For now, we are stuck in a triangle, above 4000 and under 4830 maximum.

Momentum indicators have unfinished bear business and are bearishly poised.

Quarterly

Price Chart: this is worrying for the quarter bullish traders, as Q2 candle did not confirm the status of Q1 candle as a superhammer. All eyes are now on 4000 to see whether that can hold off all bear attacks. If that one fails, then a double bottom is possible near 3836 or 3459. Still, we are meandering across to the upperbank in the downstream moo river here, so while it is scary, downside risks should be limited.

Monthly

Price chart: if you are a monthly bullish trader, then 4100 is really the line in the sand, under there, it does not justify buying, as the downside risk is significant with no uncertainty where we could bounce up. July will be a key month for ftse100. We really need to put some distance away from 4100. Pleasingly, the March green candle has been confirmed as a superhammer reversal candle and the two candles in May and June do not look too bearish. We desperately need a green candle this month.

Weekly

Price chart: We have really reached the tolerable limit for the downside, 4100 and then 4000, these are the final lines in the sand for all ftse bulls.

RSI: we are still in the upstream moo river and we are meandering across to the lowerbanks and we have reached lowerbank 1 as well as the former upperbank for the downstream moo river. If the combination of these support can not stop the rot, the prospect is rather a gloomy one. We desperately need a change as well, e.g., a change of leadership from Gordon Brown to someone would be nice, but it is not happening sooner enough, is it?

Other momentum indicators are more on the bear side rather than on the bull side, while stoch is desperately needing a dive down to the earth.

Daily

Price chart: while 4100 is really the key support, the number 4088 keeps popping itself up for me to look at, for no reason at all.

Momentum indicators are almost ready for a bounce any time now. We can only hope for the best.

===============================

Overall, we are in the process of a major pullback and we are almost at the end of it now. It is like that this will prove to be the key week for this key month of July.

Good luck.

PS This is where I daytrade and I am currently a permabull.

SPX500-- Week 28 Moo River Watch (12th Jul to 18th July 09)

Moo River Trading System--Futures trading Made Easy: Moo River watch is based on the correlated findings amongst moo rivers on price, rsi, macd, repulse, elder ray, momentum and stochastic. Moo river trading system is a trading system, taking advantage of trendtrading or scalptrading opportunities based on findings of the Moo River Watch.

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SPX 500 (cash futures)

(based on 30 year advanced data charts)

Renko Study

Yearly: if you are a long term investor, you really want to avoid this one for now. It has the best shaped giant M top in the world and it is testing the long term rising trendline. The fate of the American Empire is in the hands of President O Obama's and certainly he has not established a record for anyone to judge him as a president yet. So if you really want to invest in this one, wait until it gets over 1000 on yearly renko or give O Obama a year to prove himself.

Quareterly: it is hard to envisage what follows the Double M top. It should be a straight fall, but it seems to be rescued by the long term trenline now. So can we actually shape up a Giant W here, or maybe it will a flat zone between 789 and 1127 or 789 and 1517. Maybe, another 3 Peaks and 1 Domed House pattern here in the shaping up?! If you are unsure what is come up, it is best to avoid it altogether.

Monthly: it seems that we have rallied up upon the long term trendline to a sufficient extent to justify a V shaped rally. Then, we are weakening in our bullish belief at the moment. We would not be able to allow too many months' weakness though.

Weekly: we are meeting some resistance here, but we have not done the job proper yet. There is a bit more upside to 970ish.

Daily: we seem to be headed for 1000 which might trigger a big fall.

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Overall, the future is rather uncertain for the American Empire in the hands of a brand new president. It is best to avoid it for now if you are a long term investor.


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Moo river watch

Yearly

price chart: why is long term data so precious? Because if you are not accessing it, you are at a disadvantage. Following the Giant M top, we could have fallen all the way down to 190 bollinger lowerband. But the long-term rising trendline came to rescue. So for now, we stuck in the diamond (the merged section of two conflicting moo rivers). The timescale to break out of this diamond could take us up till 2025, so there is really no hurry here. For SPX500, this is not a key year, as the nature of its yearly candle will be decided by the yearly canlde in 2010, whether 2009 candle is a superhammer or not. So for now, we are playing for time, almost a bit like President Obama, to see whether any miracles can happen. Time heals all wounds, so they say and all recessions come to an end. It is a matter of the moon cycle, some say, sometimes in our history, we are all depressive, other times like in the late 1960's, we were all revoluationaries. Time, the most ingredient that helps to shape the fate, for a person, a family, a company, a country and an Empire. If you are good enough, you stand up to the test of time; if you are rotten inside, time is the most lethal erosion agent of all, just see what happend to the Roman Empire and the many empires before the American Empire.

Momentum indicators are saying after suffering from one of the world's worst bear market, we are not oversold yet, how scary! How far did we let our greed and exuberance run, which is the mother of this recession.

Quarterly

Price chart: on a quarterly basis, shorter-term investors will be interested, as Q2's candle has confirmed the reversal superhammer status for the Q1 candle. Current weakness should be seen as buying opportunities, though at the moment we are closer to the upperbank of the triangle, so on a quarterly basis, we might see better buying prices later on. We could be basing here until Q3 2010, so don't get too excited and rein in your greed, though you should really drive any fear out of your heart. The world will not collapse until at least Q3 of 2010. If we break 940, we might accelerate this current bounce off the long term trendline, while 750 should hold up all bear attacks. Have no fear if you are a quaterly trader, but rein in your greed at the same time.

Momentum indcators are trying to shape up a W based rally rather than a V shaped rally, which is uncomfortable to many. RSI and Stoch has a long bull way to run yet. Momentum is the most interesting as it is shaping up a W quite clearly. Buying on dips and dives, if you are a quarterly trader with a good appetite for margin risk and reasonable returns. Timing is everything!

Monthly

Price chart: if we draw an upstream moo river here with two upperbanks, we have hit upperbank 1 with a strong doji rejection last month, now the meandering across to the lowerbank has started. Meandering in the upstream moo river has a downwards tendency, where bears want to find out the resolve of the bulls to see how far the market can get to.

Momentum indicators are like a bunch of patients just coming out of the operations table, a bit wobbly, a long way off a full recovery, but certainly feeling much the better at heart. They are certainly not overbought at all.

Weekly

Price chart: we have had four red candles in a row. The bears need to have some fear in their heart, as they are leaving their safety camp by the upperbank a bit farther away now. The Bollinger midline near 860 is coming up, though price could potentially drop to as much as 815. Bulls might be feeling a bit tempted now, as risk and return is weighing up slightly in their favour now.

Momentum indicators are all feeling the strain of the operations, so they all want to go back to bed for a good rest. The conflict between rsi and stoch is keeping them wandering about, to testify their new found health at the moment, as stoch is keen to fully digest after reaching bull entropy point and rsi might have some surprise for the others.
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Overall, with a volatile reporting week coming up, the weekly range could be between 860 and 930, which should cater for most possibilities.

Good luck.


PS I do not trade spx500, but has a small share isa holding on the index, which has always been in red, though I bought it at lower level.

Nikkei 225-- Week 28 Moo River Watch (12th Jul to 18th July 09)

Moo River Trading System--Futures trading Made Easy: Moo River watch is based on the correlated findings amongst moo rivers on price, rsi, macd, repulse, elder ray, momentum and stochastic. Moo river trading system is a trading system, taking advantage of trendtrading or scalptrading opportunities based on findings of the Moo River Watch.

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Nikkei 225 (cash futures)

(based on 30 year advanced data charts)

Renko study

Yearly: (Japan does fascinate me, as it is the one market which has seen the giant bear market, I am deciding to switch to trade Japan instead of ftse, to benefit from the dollar strength later on as well, as profit there is in dollars. By the way, it is the Japanese who invented Renko and candles etc. I would love to meet up some of these Japanese gurus to learn from them.) We have still got some residue weakness in Japan for this year and after that, the giant right arm of the W or Wave C of the ABC basing waves could rise up big, towards 17220 minimum. Literally, it is safe to say that you could easily double your money on a conservative basis. If I were running one of the sovereign funds, I will be switching money into Japan now. Unlike France/CAC, this is one Western economy very much worth investing. This is certainly one country for long term investment, though I don't know which investment vehicles can benefit from a rise in the Japanese market. My own little share ISA on Nikkei 225, bought near 8000, has never shown any profit, even at 10000, I am a bit miffed to say the least. The Japanese moocano will be coming in waves, if not this year, then in the years to come, lasting quite a few years. My mind is racing on this one. If we keep on trading Nikkei and make profit in dollars and pile them upon until cable reaches parity, it will be a huge win win situation, results in doubling the profit by doing absolutely nothing. I am thinking long and hard here. This seems to be one of those life time opportunities not to be missed. Can anyone point out the fallacy in this plan at all?

Quarterly: Japan has not made up its mind yet and it needs to hold above 8000 as the line in the sand. But this is just a great opportunity to be in there early now or on any weakness.

Monthly: in reality, Japan is still stuck in the deepest of all bear markets with downstream moo rivers tumbling down from Everest. But from the yearly, we see a clear basing pattern and with no straight crossing in the downstream moo river possible (to sub zero), the future is bright for Japan.

Weekly: we are having a little pullback having moocanoed over 10000 recently and there is just limited downside but far more upside. Doubling the money is easily said and easily done from here.

Daily: the line in the sand is actually 7000ish, but we should not go that much down but also if you are a long term investor, you should be prepared for such a limited downside. I am falling in love with Nikkei 225 today on 11th July 2009. I must do something about that.

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Overall, while we are stuck in the historical giant bear market, the future is bright for Japan and one can easily double one's money from here and also enjoy any future dollar strength in a win win combination. I am considering to switch to trading Nikkei 225 instead of ftse100.

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Moo river watch


Price chart: this is the most fascinating stock index chart of all. We have been stuck in the giant downstream moo river since 1990. We have had one big full crossing and then the meandering across. When we started the second full crossing from 2007, we suddenly realised that it is mathematically impossible to have a full crossing any more, as that would have taken us to -3550, which can't be done apparently. So at the moment, for me, it is obvious that we are trying to shape up a giant W based rally. If you look at 1989 and 1990, those two giant yearly candles, it is possible 2009 could be a giant green candle all the way up to 16000. So in that sense, the Japanese bull festival has not started yet, the recent breach of 10000was only a trigger in the many rumbling of the giant moocano.

Momentum indicators are not showing any signs of allegiance so far to either side. So the long-term permabears are sitting on top of Moocano quite happlily.

Quarterly


Price chart: the early bulls are making their stealthy moves, building up their longs on the peace and quiet, without causing much a stir to the permabears. 8400/8500 should be the bottom of the quarterly range now whatever happens to the rest of the world. In fact, we don't have to burst until 2010, so 2009 might just be a non-eventful year on the surface but a very historical year underneath, as the lava sizzles and gathers in temperature.

Momentum indicators are keeping mum at the moment, but we are soon start a full crossing to some upperbanks. The time to get in is now, certainly you don't want to miss the Japanese Moocano.

Monthly

Price chart: we have had four green candles in a row and now we are having a red candle, but does it matter any more? The bull run is here to stay. For now, we might meander for a bit.

RSI: it is hitting the upperbank of the downstream moo river, critical moment will be coming up soon.

Other indicators are bullishly poised and stoch is not demanding and is having a W based rally off to the bull entropy level I think.

Weekly

Price chart: we are meandering across in the upstream moo river, without dropping much in price.

RSI: we are trying to digest this momentum since we reached bull entropy level in March. We are already in the 30's, without costing much in price, it must be very frustrating for permabears.

Stoch: we could do with a full drop there, as we are tangling with this overbought level with a bearish crossing.

Momentum: this one fits with my current thinking on the other stock markets around the world. We are in the upstream moo river, but we are reducing the rising angle.

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Overall, we are in the process of a pullback. For the coming week, hopefully 9000 will hold Japan up, or worst case scenario is 8800ish. So a weekly range of 9600 and 9000 might be a useful range forecast to trade upon.

Good luck.

Ps I am not trading the Japan index at the moment, but may consider trading it.

Euro/dollar-- Week 28 Moo River Watch (12th Jul to 18th July 09)

Moo River Trading System--Futures trading Made Easy: Moo River watch is based on the correlated findings amongst moo rivers on price, rsi, macd, repulse, elder ray, momentum and stochastic. Moo river trading system is a trading system, taking advantage of trendtrading or scalptrading opportunities based on findings of the Moo River Watch.

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Euro/dollar (spot futures)

(based on 30 year advanced data charts)

Renko Study

Yearly: It would be nice to have a bit more data, as long term trendlines could start away back and this seems to be the case here. While we seem to be in an upstream moo river, if history is any guidance to the future, then the dollar is coming back. We will have a period of sustained dollar strength, it seems, pending utmost a double top or a kind of Wave 5 rally by the euro, which will be rather limited and not guaranteed either.

Quarterly: It is not very moo riverable here. I seem to see a 4 peaks and 1 domed house pattern, which seems to indicate a sustained downturn for the euro towards parity, after some complicated topping exercise. I think when I studied cable, I had the inkling that it will see parity first before seeing $2 again. Is the mighty dollar coming back?


Monthly: It is quite clear here that we are in an upstream moo river but in the immediate term, we are meandering across from upperbank to lowerbank. I think we will create almost a double top near $1.48ish and then the journey towards parity will start. If the dollar is going to make such a comeback, what does it mean to commodities and stock markets around the world?

Weekly: it is a complicated topping exercise as part of meandering across and we could potentially reach as high as $1.52. The strong W there has just gone past its apex point. It seems that euro/dollar will reach its second peak in August and after that, it is all the way down.

Daily: here we can see euro/dollar reaching its top near $1.48ish by the end of July.

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Overall, while euro/dollar seems to be in a long term upstream moo river, near term, we have touched the upperbank and are now in a meandering down process towards parity. For now till end of July and beginning of August, there seems to be a need to make a complicated top near $1.48ish with a maximum possibility of $1.52. However, the topping exercise could be more complicated and more endured, though the momentum is definitely downwards overall for euro/dollar.

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Moo River Watch

Yearly

Price chart: sometimes you load up a chart and it whispers in your ear at the first sight and for me, it whispers 'it is like a helmet!' And if that is the case, parity should come within next seven or eight years. It all depends very much on your investment time zone. If it is decades, then we are on our way down towards parity. Whatever the complexity, its path is downwards. That red yearly candle in 2008 has become a superhammer as this 2009 has met its criteria so far. If it is yearly, then we might have hit the lowerbank of the downstream moo river (yes, we are in the decade long upstream moo river as well as the yearly long downstream moo river, or a downstream in an upstream moo river). We have a maximum time scale of 2013 to start the second crossing from the upperbank to the lowerbank towards parity. It seems that a strong dollar brings down the world economy and the stock market. (Can someone explain that in the comments section for us about this correlation?) It will be difficult to see euro/dollar go past $1.50 this time.

Momentum indicators tell a story of needing a topping exercise, with stoch hovering over bull entropy level while rsi has further upside to go and other indicators are all over the place, but look more bullish than bearish.

Quarterly

Price chart: in the meandering process, there are so many varieties that it is always difficult to predict precisely how a market would behave. A crossing in the moo river is quite easy to predict, because the result is always from upperbank to lowerbank or vice versa depending what type of moo river we are in. For example, this quarterly candle could be a repeat of the last quarter's or make a higher high or others. We are meandering across to the upperbank, which is far away, so don't hold your breath for too long if you are a permabear, waiting for the second shoe to drop (the second full crossing).

RSI: this is where the trouble starts for the bulls, for we have reached bull entropy level n 2008 and now we are going downstream. If we create relative price strength, then it is only a very good bearish divergence for permabears to pounce upon.

Stoch: it is sinking fast, like an elephant standing on quick sand.

All other indicators are bearishly poised, configured or intended.

Monthly

Price chart: we rallied across one resistance line and now we are tangling with bollinger midline. You could say that we are stuck in a big triangle with plenty of monthly action contained within this triangle.

Momentum indicators are showing why price is being sent higher, as we see a well formed W on Stoch off bear entropy level and bullishly crossed; rsi having an odd shaped W and all other indicators are bullish intended and have further upside to go to.

Weekly

Price chart: we seem to have had Wave 1, 2 and 3, and are now having this Wave 4 regurgitation with a few more weeks' downwards probing left. Ideallly, we should have a Wave 5 to finish this one off.

Momentum indicators are showing this internal conflict, with stoch wanting to dive down from bull entropy level and rsi not reaching bull entropy level and other indicators are not showing their hands at all. Very typical of Wave 4, before Wave 5, I think.

Daily

Price chart: the problem with meandering upwards in a downstream moo river is that there is always a possibility that we do not reach the upperbank and choose to have another test of the lowerbank. In an downstream moo river, the high probability trades are shorts, while meandering longs are actually higher risk trades, as there is less guarantee of success.

Momentum indicators are not showing indications with certainty, they are all saying they are happy with one way or another, so the meandering continues.

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Overall, while I do not trade euro/dollar, I am fascinated by the correlation between a strong dollar and a global economic recession and a stock bear market. I think the main problem is because dollar is used as a global currency denominating many things, such as commodity prices and so and also, maybe it is because the yankies are very much dependent on export trades, a strong dollar hurts American exports. I need to search around for some answer. Same as cable, euro/dollar will see parity before seeing new historical highs. It all depends on the time zone you are trading or investing.

Good luck.