rar705's Blog

[rar705]

Can S&P500 make a new high this year

Do u think the American indices can break their previous highs?
For Me I don't think that S&P500 at least can make a new high during the coming months,
RSI indicator shows weaknesses in the latest up trend, the S&p500 chart Broke 50day moving average, and broke 1500 support level, we will wait to see if it will break 1490 and make a new midterm low.


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[rar705]

S&p couldn't close above its 50day Ma

watch out ....S&P500 couldn't close above its 50day simple moving average, it spiked above it then close below,..it is a bearish sign

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[rar705]

the S&p still below 50d ma

today the s&p500 spiked above its 50 day moving average for the second time, but it can't stay there,,,,i don't think today"friday" it could close above it....and i believe the S&P will go down next week...
friday 4:37 GMT

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[rar705]

Too good to be true

last week, the chart of S&P500 was: too good to be true...S&p500 couldn't break the 50 day MA for two days, and it closed below it...
S&P500 chart moved as if some body draw it in a technical analysis class,... to explain how the moving average played as a resistance,,, it seemed that he will continue drawing...and make it go down this week...
we think it will go down...
but really it was too good to be true...the market must not be obvious as it looked for us last week....as u know the S&P500 spiked up this morning ...
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waiting for your feed back

 

[rar705]

S&P500 Update: break with light volume

The S&p500 went up yesterday "2 july".... break its 50 day moving average... but ...with a very light volume, so we can't say it realy broke the 50 day MA yet..we have to wait to judge,,,,

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[rar705]

The market is still up volume extremely low

S&P500 went up for the second day this week but the volume is extremely low ...any resistance could change the price direction

RSi is neutral for the S&p500
stochastic shows weakness in price movement up
Macd neutral

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[rar705]

this time ...my vision was right

I hinted last entry that when people come. the market can go down...
We remember the extremely light volume of traded shares of companies in S&p500, in the two days prior the Independence Day holiday, these volume made the market very fragile to any resistance level…” we usually find a huge number of selling orders at resistance levels..” Especially the RSI…and stochastic…are cross the oversold and neutral levels…so we see S&p500 coming down…

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[rar705]

s&p500 update

watch the risistance on S&P500 attached chart
volume was low last week
RSI near 60
stochastic at 80 nearly overvalued

 

[rar705]

S&p500 supporsts and resistance

Watch S&p500 if it breaks down the support at 1520 it will go further down

I think it's difficult for s&p500 to make a new year high this month,

RSi about 60
stochastic near 80
we are near a resistance at 1536

 

[rar705]

RSI prevents oil from going up

RSi (a technical indecator) for WTI crude oil has gone over 70, usually a correction expected near these levels,
wti at 74.25$ when i am typing this entry
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[rar705]

S&P500 to the down side this week

RSI shows weaknesses on the S&P500 6 months chart, it made lower highs while s&p500 made new highs,the last new high was so "shy" for S&p500, and couldn't went much higher, Which indicate that S&p500 would continue the week going down

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[rar705]

Dollar likely to stay above 118 yen

The USD didn't break the supports near 118 yen, although it has visited these areas more than three times
also the RSI for dollar yen is near 30, so we expect the USD to close above 118 this week

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[rar705]

Oil's RSI shows weaknesses

The RSI Indecator made lower high, despite the oil made a new high on monthly basis, and the oil price couldn't break the all time high.....that could indecate that oil price will go down

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[rar705]

MA prevents S&P from going up

S&P500 has Broken 50 day Moving average severely three weeks ago, then 50d MA played as resistance last week. so i believe that S&P500 is likely to go down this week
posted on Sunday 12 august 2007

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[rar705]

Oil support lines will push it higher

Oil couldn't break a support and a trend line last week, the support is near 70$
Also Oil chart forms a double bottom shape, which indicates that oil prices is likely to go up this week

to see the oil chart with technical analysis enter my website(in Arabic):
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Sunday 19 august 2007

 

[rar705]

Technically: S&P likely to go lower

S&P500 likely to go lower for the following reasons:
1-the volume was relatively low last week, despite the rally in prices
2- S&P reached a resistant level
3-S&p500 still make lower lows on long term
"Monday morning 27 August 2007"

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[rar705]

Do u believe in technical analysis?

Do you think that using technical analysis will help in predicting the future movements of the financial markets?

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in english:
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[rar705]

€/$ to go up this week

I expect the Euro/dollar to go up this week because:
Last week €/$ has broken its 50 day moving average, and it did reach a new high, before that it rebounded after touching its 200 moving average
Monday 10 September 2007

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[rar705]

€/¥ to go down this week

€/¥ is likely to go down this week because:
1-€/¥ found resistance when it reached its 50 day moving average
2-50 day moving average crossed and went below 200 day MA, which indicates a possible downward movement

sunday 16 september 2007

to see the analysis with charts:
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for english:
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[rar705]

Oil likely to go down

Oil chart formed a double-top on daily basis, Oil price couldn't break a key
resistant level last month, and RSI indicator shows weakness, therefore we believe that "oil price is likely to go down this week"
WTI barrel close at 81.22$ last Friday

Monday 8 October 2007

to see the charts and analysis visit my website:
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