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Showing posts from January, 2013

Dow Jones forecast for coming week ended 1st February, 2013.

As I was suspecting in last week that if Dow maintains 13600 range then there is good chances of testing higher levels. Though I said that Dow may test levels above 13800 but if we see recent trend then Dow has a chance to test around 14000 levels. In the last few days Dow’s movements have not indicated about the top so unless we get a hint of that I am not sure about imminent correction.

On the other side Dow is showing positive moves during last two weeks so if any short-term reversal comes then important level is 13600. In last few months Dow showed near about 61.8% retracement so now if Dow follows the same trend then it may go below 13300.
NOTE: Please see the disclaimer of this blog.

USD forecast for coming week ended 1st February, 2013.

Since Usd failed to break 80 range this week so I am still maintaining my earlier stand, I think so longUsd maintains 79-79.5 range it has chance to trigger the bullish pattern which may take Usd above 81 range. On the other hand if Usd does not show any better environment in the upside then the chance of triggering the medium term complex bearish pattern is more, thereby Usd may test below 78 level in the downside. So still emphasize should be on movements around 80 ranges in coming week.

NOTE:  Please see the disclaimer of this blog.

Dow Jones forecast for coming week ended 25th January, 2013.

In my last review I was suspecting that Dow is making a bullish pattern and now it is more prominent. If that pattern works out completely then Dow may test levels above 13800 but that may not be a straight one. Few months ago Dow has failed to cross 13600 range so this time it may take more time so couple of flat days may not be ruled out for coming week. In early days Dow’s initial support is at 13500 range.

On the other hand if Dow fails to maintain moves above 13600 range then it has a good chance to drop. It looks to me that from November, Dow is trading in an upward channel and if that is true then it will not drop below around 13200 ranges. If we see Dow’s recent reversal then that also suggests around 13200 ranges (near about 50% retracement level). Here I must say that Dow has a chance to make medium term bearish pattern but for that it has to go below 12800.

NOTE: Please see the disclaimer of this blog.

USD forecast for coming week ended 25th January, 2013.

I am still maintaining my stand on Usd, I think if it maintains 79-79.5 range it has good chance to trigger the bullish pattern which may take Usd above 81 range. Last day was good but if Usd fails to break 80 level then the chance of triggering the medium term complex bearish pattern is more, thereby Usd may test below 78 level in the downside. So emphasize should be on movements around 80 range in early to middle days of the coming week.

NOTE:  Please see the disclaimer of this blog.

Stock market review (weekly) after 4th January, 2013.

May be it is a short-term rally but it is good to see that most stock indexes jumped on temporary solution of US fiscal cliff. Safe haven markets have faced a sell-off this week; I am not only talking about bonds & gold but also about defensive stocks.

INDEX 4th January, 2013 12/28/2012-01/04/2013 (%) 12/21/2012-12/28/2012 (%)



Dow 13435.21 3.84 -1.92 Ftse 6089.84 2.78 -0.25 Cac 3730.02 3.03 -1.12 Dax 7776.37 2.15 -0.31 Australia S&P 4723.8 1.12 1.03 Shanghai Com. 2276.99