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$SPX - Are we ready for more than 10% correction?

Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.

$SPX
$SPX upslope is weaker, but it is still in cyclical uptrend.

$CPC:$SPX
Pros are getting more bearish but it is not enough to predict a major downturn like March 2008

USD, SGD & MYR analysis

USD SGD 1980-2010
USD SGD 1980-2010

From the chart of USDSGD between 1980 and 2010, it is unknown the next long-term bottom of USDSGD.

USD MYR 1996-2010
USD MYR 1996-2010

However if SGD is to follow MYR against USD, then USDSGD will lose another 20% ((3.15-2.5)/3.15) to 1.12 (no parity yet)

SGD MYR 1996-2010
SGD MYR 1996-2010

SGD MYR 2004-2010
SGD MYR 2004-2010

Then how about SGDMYR? In the short term, SGDMYR trend is bearish as it breaches strong support 2.325 in such a short period. For longer period, the trend of SGDMYR is uncertain. It could reach 2.1 for SGDMYR bears or 2.8 (2.45 + (2.45 - 2.1)) for SGDMYR bulls. For SGDMYR bulls to gain more confidence, SGDMYR must reclaim 2.325 within 2010.

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DBA

DBA weekly chart
DBA weekly chart

DBA daily chart
DBA daily chart

If price of DBA can break 27 and 29, then expensive food is back! If there is no pickup in economy, another sign of coming hyperinflation?

For other charts, refer to encikwan.com Chart Book

Gold prices - 2009

Inflation-adjusted gold price - 2009
Inflation-adjusted gold price - 2009

Gold price high? Not until US government money printing speed is slower than growth in gold production

Gold price in various currencies : Trader Dan, Eric De Groot

Fear mongering is not the purpose for this post. But forewarning you of this upcoming and possible danger : hyperinflation