****IMMINENT STOCK MARKET CRASH AT HAND??????******STRANGE******I have not one clue about why this market is behaving the way it is right now . . . The exponential moving averages and the simple moving averages on the DIA suggest that the market is very bullish. MOREOVER, if one takes a look at the ADX indicator, the RSI indicator, the Stochastics indicator, and the MACD indicator, all of these indicators suggest a pullback on a Daily chart. HOWEVER, although the indicators suggest a pullback, strangely enough they tell a different story on a weekly chart. MOREOVER, on a weekly chart the indicators display massive divergence in this market that has been building up for SEVERAL MONTHS!! Furthermore, now that the month of October and November are quickly approaching, then perhaps one would need to consider some precaution, for it may be possible that this weekly scale divergence may unfold during the coming months . . .
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London Session Watch EURGBPEUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is at 0.7977 and the resistance level is at 0.8036. We can also see that there's an inside bar candlestick pattern formed at the 0.8036 key resistance level which could cause the price to have a little pullback before it surges higher. We could potentially have buying opportunities near the trend line and 0.7977 support level in todays London session.
Alliance Grain Traders (TSX:AGT) safely in uncharted TerritoryThis long term top performer is now safely into uncharted territory.and appears to be a low risk BUY.
New High ... more gains likely for Rock Energy (TSX:RE)New HIGH and Positive indicators seem to promise bigger things to come!