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FTU: Fibozachi Technical Update - 12.10.09

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Fibozachi

FTU: Fibozachi Technical Update - 12.10.09

 

In this edition of the Fibozachi Technical Update (FTU), we present you with a hodgepodge of 13 charts, which span financial markets.

 

- Please click on any of the snapshots below to open a large, crystal-clear picture -

 

BKX Bank-Index

 

BKX 55-Minute

BKX Daily

BKX Weekly

 

CL (Crude Oil Futures)

 

CL 144-Minute

CL Daily

CL Monthly

 

GC & DXY : Gold Futures and the US Dollar Index

 

GC Daily

DXY Daily

 

NASDAQ Composite & Google

 

COMPX 34-Minute

GOOG Weekly

 

S&P 500 Cash (INX) and DJIA Cash (INDU)

 

INX Weekly

INDU Weekly

INDU Monthly

 

Disclosure: during any given session, we may trade any of these
instruments bi-directionally.  We are currently long GCG10 (Gold Futures) and SIH10 (Silver Futures).

 

For similar technical takes, market calls and insights; please visit our brand
new website, www.fibozachi.com.  There, you can view
both our complete body of analytic work as well as detailed explanations of the
unique design development and technical methodologies within the proprietary
technical indicator packages that we use daily to perform a comprehensive technical
analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of
time, tick and volume.

 

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Fri, 12/11/2009 - 09:10 | 159947 deadhead
deadhead's picture

Thanks again for your insights and a particular thanks for the BKX charts.

Fri, 12/11/2009 - 04:39 | 159880 nevket240
nevket240's picture

Gold to $1250-$1300 by end of Jan.2010

or I'll eat my choc-banana hat!!!

regards

Fri, 12/11/2009 - 05:13 | 159894 Anonymous
Anonymous's picture

careful! you are with the herd now.

Fri, 12/11/2009 - 02:54 | 159865 Anonymous
Anonymous's picture

seriously good shit.jamaican good.

Fri, 12/11/2009 - 01:53 | 159840 Tahoe
Tahoe's picture

Fabulous work all around ... informative, insightful and superbly presented.  Thank you for your energy and effort you put into your work!

Fri, 12/11/2009 - 01:11 | 159823 maggitkd
maggitkd's picture

Nice charts, see you have switched to long gold and silver, on what time/volume/ticke etc. frame is that?

Fri, 12/11/2009 - 00:56 | 159815 illyia
illyia's picture

Really fun.

Thanks

 

Fri, 12/11/2009 - 00:29 | 159802 Anonymous
Anonymous's picture

Beautiful charts fibozachi. Am I going to have to subscribe to your service to see the silver chart?

And, by the way Marla, am I going to be reinstated?
Chignos.

Whatsamatter, can't zero hedge take a voice that is extremely insightful, wise, and unusual?

Chignos.

Fri, 12/11/2009 - 03:41 | 159873 Marla Singer
Marla Singer's picture

Depends.

What'd you do?

Fri, 12/11/2009 - 00:19 | 159798 Careless Whisper
Careless Whisper's picture

awesome charts

Fri, 12/11/2009 - 00:04 | 159796 Anonymous
Anonymous's picture

Most excellent Fibo ! Your DJ wkly seems like it wants to print a greenie or two b4 stopping. Thanks agin.

Thu, 12/10/2009 - 23:26 | 159769 Grand Supercycle
Grand Supercycle's picture

 

SP500 / DOW daily charts still give bearish warnings and the USD daily chart has begun to trend up.

http://www.zerohedge.com/forum/market-outlook-0

 

 

Fri, 12/11/2009 - 01:19 | 159825 Dixie Normous
Dixie Normous's picture

And it's very quiet isn't it, as we sit here on what could be a huge turning point.

What will finally push the dollar higher?  Will the equity markets tank in response?  Was today's bond move the first shot?  Will tomorrow's retail report show some of the ugly truth?  How long can the S&P trade in a 30 pt range?

Reminds me a little of mid 2002: low-energy run up post 9-11, then all hell broke loose into June and July.  And this run up has been much much larger so I expect the slide to be horrendous.  Whenever it comes.

Thu, 12/10/2009 - 22:09 | 159713 crzyhun
crzyhun's picture

Good stuff, thanks.

Are you strictly Fib player? This is not a set up question. Curious.

Fri, 12/11/2009 - 09:22 | 159956 Fibozachi
Fibozachi's picture

We use the Fibonacci Sequence to help guide us in our TA.  The main reason being that the numbers have a proven relationship to each other, as opposed to a 12,26,9 MACD or a 14,3,3 Stochastic.  We have found that we are able to make our indicators and charts more 'harmonious' by using Fibonacci numbers both wherever and whenever possible.

That being said, we look at EVERYTHING.  While we are often watching a 5, 10, 15, 30, 60 minute chart ... our main purpose in doing so is to see what "everyone else" is seeing.  Trust us, we know where the 50 SMA or EMA is at all times, simply because we realize it is something that literally everyone with access to a chart is taking note of;  therefore it truly possesses some predictive value.

Fri, 12/11/2009 - 09:59 | 159978 Sam Clemons
Sam Clemons's picture

Check out Sugar contracts or SGG if that is easier for you.  Anxious to see what you think.

 

thelastcanary.blogspot.com

Fri, 12/11/2009 - 09:19 | 159954 Anonymous
Anonymous's picture

We use the Fibonacci Sequence to help guide us in our TA. The main reason being that the numbers have a proven relationship to each other, as opposed to a 12,26,9 MACD or a 14,3,3 Stochastic. We find that we can make our indicators and charts more 'harmonious' by using Fibonacci numbers wherever and whenever possible.

That being said, we look at EVERYTHING. While we are often watching a 5, 10, 15, 30, 60 minute chart ... our main purpose in doing so is to see what "everyone else" is seeing. Trust us, we know where the 50 SMA or EMA is at all times, simply because we realize it is something that literally everyone with access to a chart is taking note of; therefore it truly possesses some predictive value. But in terms of moving averages, nothing can really beat the Jurik or the Gaussian averaging techniques ...

Thu, 12/10/2009 - 21:35 | 159687 Cap
Cap's picture

Fantastic Charts !

Fri, 12/11/2009 - 12:11 | 160089 El Hosel
El Hosel's picture

Check out STT... State Street leaning on its support low from Nov 27th,   $36 next layer of below.

Cracks showing up among the dirty derivatve junkies?

 

 

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