Trend Recognition

Nasdaq 100Nasdaq 100: 2677.35Short-Term Trend: UptrendOutlook: Nasdaq 100 pulled back early last week as expected but our favored entry level (2600) was not reached. Then the market easily rallied to...

EUR/USDEUR/USD: 1.2985Short-Term Trend: Weak uptrendOutlook: EUR has continued its rally since our previous update. But it seems EUR has difficulties to sustain its gains above the 1.2995 level and...

Nasdaq 100Nasdaq 100: 2639.59Short-Term Trend: SidewaysOutlook: Well Nasdaq 100 ralied strongly last week and thus justified completely our previous decision to exit the short position from 2797. Now,...

EUR/USDEUR/USD: 1.2972Short-Term Trend: UptrendOutlook: I thought wave (F) of the Diametric formation from the July 2008 top was going to develop as a Flat pattern and that was the reason I expected a...

Nasdaq 100Nasdaq 100: 2584.78Short-Term Trend: DowntrendOutlook: Well, our bearish outlook and strategy (that we have held for several weeks) has been completely justified with last week's strong move...

EUR/USDEUR/USD: 1.2711Short-Term Trend: SidewaysOutlook: As expected EUR broke lower last week and declined to as low as 1.2690. The daily trend is considered sideways, but the hourly trend is down...

NASDAQ-100Nasdaq100: 2656.53Short-Term Trend: DowntrendOutlook: Nasdaq 100 attempted a rally last week but this rally managed to bring prices only to 2702 and then on Friday the selling pressure...

EUR/USDEUR/USD: 1.2833Short-Term Trend: Weak UptrendOutlook: Well, EUR is still above the 1.2800 level but the previous bullish wave count is now less likely. That's why I adopted a new wave count...

Nasdaq 100Nasdaq 100: 2665.93Short-Term Trend: downtrendOutlook:Nasdaq 100 has continued to make new lows for the current downmove from the Sept top. And the daily chart remains quite negative. So, I...

EUR/USDEURUSD: 1.2935Short-Term Trend: weak uptrendOutlook:The sideways consolidation from the Sept top is still considered to be a bullish development that should lead to another move higher. But...