Your SlideShare is downloading. ×

World Markets 7 August 2011 En

148
views

Published on

Published in: Business, Economy & Finance

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
148
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. General Comment International Markets – 07 August 2011.The past week has signaled the END of the uptrend in the major stock markets. By breakingand with the exception of Japan subsequently closing below the weekly reversal / supportlevels (Dow Jones 30 – 11800, S&P 500 – 1250, Xedra Dax – 7000, UK100 – 5600, Nikkei –9300, we have confirmed long term reversal patterns and the markets are now bearish targetingmuch lower levels from the current ones. The oversold areas we reached due to the relentlessselling give some hopes for a temporary stop of the fall – but only temporary. Any move higher -if we have one - is considered an opportunity to open short positions.Gold continued its uptrend reaching 1680 before correcting lower and is ready to reach thenext hurdle at 1700. Oil having broken its range downwards is now in a downtrend targetinglower levels.The euro remains within its well established range but moving towards the top of that whilesterling is poised to reach 1.66 very soon. Strategies – Medium term Traders The trend is down the wave is down and in oversold area. The most probable Dow Jones 30 scenario is continuation of the down move. Any retracement higher is considered an opportunity to sell. The trend is down the wave is down and in oversold area. The most probableStandard & Poor scenario is continuation of the down move. Any retracement higher is considered an 500 opportunity to sell. The trend is down the wave is down and in oversold area. The most probable Xedra Dax scenario is continuation of the down move. Any retracement higher is considered an opportunity to sell. P.O. Box 26 618, 1640 Nicosia, Cyprus • T. +357 22 762618 • www.phiacademy.com
  • 2. The trend is down the wave is down and in oversold area. The most probable UK 100 scenario is continuation of the down move. Any retracement higher is considered an opportunity to sell. . The trend is down the wave is down and in oversold area. The most probable Nikkei scenario is continuation of the down move. Any retracement higher is considered an opportunity to sell. The trend is up the wave is up and in neutral area. The most probable scenario is Gold continuation of the up move. The trend is down the wave is down and in oversold area. The most probable US oil scenario is continuation of the down move. Any retracement higher is considered an opportunity to sell. The trend is neutral the wave is moderately down and in neutral area. The most EURUSD probable scenario is continuation of the range with the market moving towards the top of that range (1.38 / 1.46). . The trend is up the wave is down and in neutral area. The most probable scenario is GBPUSD the down move to stop on our support and then continue going up.Trading Foreign Exchange, Stocks, Futures and Options on Futures involves substantial risk offinancial loss and may not be suitable for all investors. Nothing in this analysis /site should beconsidered as advice on trading or on making investments. The content, comments, suggestions,technical indicators software and expert advisors should be considered for educational purposesonly. The analysis is provided for the general information of investors and do not have regard toany particular persons investment objectives, financial situation or needs. The services must notbe construed as advice to buy, sell, hold or otherwise deal with any securities or otherinvestments. Accordingly, no reader should act on the basis of any services without first havingobtained investment advice from a suitably qualified advisor. PHI TRADING ACADEMYand/or its representatives will accept no liability for any loss in reliance on this communication,site, software or its contents. All information is obtained from sources which we considerreliable but we have not independently verified such information and we do not guarantee that itis accurate or complete. The information contained within does not constitute a solicitation tobuy or sell by PHI TRADING ACADEMY and/or its representatives and is not to be available toindividuals in a jurisdiction where such availability would be contrary to local regulation or law. P.O. Box 26 618, 1640 Nicosia, Cyprus • T. +357 22 762618 • www.phiacademy.com