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FTU : Fibozachi Technical Update - 12.8.09

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Fibozachi

 

FTU : Fibozachi Technical Update - 12.8.09

 

Hope that everyone had fun at the casino today!  Due to daily time constraints, we at Fibozachi will be trying out a new format: more charts, fewer words. 

 

Please see our previous article from Friday, 12.04.09 entitled "Gold Charts : Elite Oscillator Registers a Multiple Confluence of Sell Signals"; where we point blank called a top in gold, based upon actual trading signals.  And for more 'color' on the topic du jour of gold, please see our 12.02.09 article entitled "Will a “Cold / Frost” Full Moon cool off Fiery Hot Gold Futures ???"

 

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

 

 

As always, we hope that this quick overview is helpful. Thank you for taking the time to read our thoughts and we promise to try to find, if not make, the time to answer thoughtful questions of a decidedly technical nature.

 

Disclosure:
we are currently long the $DXY US Dollar Index
via DX futures; short GCG10 (Gold Futures); and short ESZ09 (S&P Futures).  During any given session, we may trade any of these instruments bi-directionally.

 

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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Thu, 12/10/2009 - 02:39 | 158706 maggitkd
maggitkd's picture

Incredible charts, I sincerely hope that you will publish this FTU regularly every week!

Wed, 12/09/2009 - 14:01 | 158028 Careless Whisper
Careless Whisper's picture

Awesome technical analysis Fibo. Please remind everyone if GoniffSachs (GS) breaks support at 157. I would love to short that piece of shit hedge fund.

Wed, 12/09/2009 - 13:24 | 157994 crzyhun
crzyhun's picture

I am a trader, not a day trader however. Nor am I a CMT just an average technician. These charts are too granular for me. And, yes you can make money swing trading. Nevertheless, thanks for your perspective, I incorporate it with all the others out there some free and some subscribed to make a mosaic for a decision. Stay tuned. The revolution will be televised.

Wed, 12/09/2009 - 11:54 | 157885 Anonymous
Anonymous's picture

Just the begining of a temporary short squeeze on the US dollar until the real action begins. Holding US dollars will be like holding a tranquilized wolverine. Good luck with that one.

Wed, 12/09/2009 - 08:09 | 157672 Grand Supercycle
Grand Supercycle's picture

 

The bear market rally shows signs of weakness and the USD rally I have been expecting is getting closer.

My indicators can identify trend changes before they occur.

They warned me of an impending market crash back in early  *2007*

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

Wed, 12/09/2009 - 12:00 | 157806 Fibozachi
Fibozachi's picture

Thanks for taking the time to not only read our thoughts but to also leave a comment, GSc.

And many thanks to each and every one of the very, very kind comments above. Thanks for letting us know that you like the new format.

As teachers of technical analysis, we're glad to have as many fellow practitioners around us as possible.  We look forward to trying to teach as much about advanced TA and practical nuances therein over the months ahead across these awesome ZH message boards.

And do please leave a comment and let us know if you would have interest in participating in a Zero Hedge chat room moderated by both myself, Fibozachi, as well as my brother / partner, Chopshop

As always, have a good day and a great session !

 

Wed, 12/09/2009 - 04:50 | 157637 Papa
Papa's picture

thanks, the charts are quick and communicative; appreciated

Wed, 12/09/2009 - 03:14 | 157619 babbs
babbs's picture

Inelegant, but you two are freaking genii!  The !FIBs alone are spectacular.  Love your new site and can't wait to trade using your innovations.  Please keep posting gold comments.  Also, wish you would make your Elite package available with other data feeds.

Wed, 12/09/2009 - 00:05 | 157524 xppt
xppt's picture

The charts are art.  I don't see many doing fib time.  Very nice!

Tue, 12/08/2009 - 23:17 | 157481 Sugar Bear
Sugar Bear's picture

looking for some real Volatilty...all trading happens pre US open.(why?)  ..what will we do as we hit up trend on SPX  from March?

Meredith Whitney holding no punches...Grateful for her honesty

Tue, 12/08/2009 - 22:47 | 157453 agrotera
agrotera's picture

Hello Fibozachi,

I've been away for a while, and now i see you are posting articles-- good for you and thank you!

I say, please don't hold back on your words --it is nice to hear your thoughts.

thank you!

Tue, 12/08/2009 - 22:27 | 157432 Screwball
Screwball's picture

Thanks Fib, enjoy your stuff.  I love the charts.

Tue, 12/08/2009 - 21:35 | 157393 RockyRacoon
RockyRacoon's picture

Thanks, Fib!  I think I've got it now:  Some stuff goes up, some stuff goes down.  And all this can be shown with very colorful charts.  Everything travels in a straight line at a constant velocity until acted upon by an outside force.  That is to say, all will continue as shown until something blows up in Snakistan.

Tue, 12/08/2009 - 21:29 | 157389 Dixie Normous
Dixie Normous's picture

Great charts, especially the dollar and GS.

I was watching this today and thinking as more traders get bearish on the S&P and bullish the $$, won't it be fun to watch the financials try to break not only their down trend but a whole market push lower.

 

Tue, 12/08/2009 - 21:23 | 157377 Cap
Cap's picture

Nice charts !  Thx.

Tue, 12/08/2009 - 21:22 | 157375 Anonymous
Anonymous's picture

Got a twitter feed?

Do NOT follow this link or you will be banned from the site!