Tag Archives: ORH
Pattern Alert Silver…Euro
Per last weeks Euro Point & Figure…It’s Holding the 1/2 of the life of the Euro!!! The shorts are about to get a good routing which should also help the metals. A close today in the all session Silver above … Continue reading
A.M. Look 6/29/12
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
A.M. Look 6/7/12
Nasd (M)…2574 is Fib resistance…2571 is the weekly ORH level with stops above. Spu’s (M)..1322 Fib resistance ….1334.20 is the weekly ORH level with stops above. This is also a 50% re-trace of the entire move. 1345 would be the … Continue reading
JJG Grains ETN Daily Chart
This fell of my radar earlier this a.m. with everything else going on. The corn is leading this ORH pattern. A close over 44.51 puts in an ORH day, which is a price positive pattern.
A.M. Look 5/24/12
Crude Oil…all new price action over 91.70 is needed for higher. Gold…look for the mid to high 1570’s to be tough zone. GDX…as well as some names like NEM put in ORH days yesterday. As of now they look to … Continue reading
Equity Indices | ORH Pattern Alert
It’s still early, however closes above 1310.50 Spu, 2521.75 Nasd 100, 920.80 Midcap and 75790 Russell will be needed for an ORH formation. The formation can signal a near term bottom. It is generally a price positive formation. https://www.whitewavetradingstrategies.com/glossary
Spu | Nasd | ORH Pattern Alert
2631…Nasd is the closing ORH # Spu’s….1362.70 Pit….1363.75 all session chart. Short term the Spu’s have to maintain over 1361 for higher. Closes over these levels will put in a price positive formation. It is shaping up to be a … Continue reading
Afternoon Comments
BKX…held support @ 48 which matches up with the GS low of 112.77. Both these instruments need all new weakness under these levels for downside. SOX & SMH…both are trying to put in ORH days. JJG…for very long term investors, … Continue reading
Pattern Alert…Goog
A close today over 631.93 will put in an “ORH” daily pattern. As with X, these should be construed as price positive patterns.