Saturday, August 28, 2010
Thursday, August 19, 2010
Bias: It's a close call but the 1.0449 resistance does still seem to be the dividing line between bullish & bearish
Please read the attached PDF file which provides more detailed analysis
It was a pretty messy day but the 1.0449 resistance has held well. To maintain the bearish structure we now require the 1.0408 corrective low to break to generate a retest of the 1.0331-50 lows. If seen this could generate a limited correction but subsequent follow-through lower should then accelerate losses through 1.0290-00 and to the 1.0250-55 support. Expect a correction from there. This would imply a final move to the 1.0140-67 area.
Only a break above 1.0450 and preferably the 1.0483 pivot resistance would suggest that the decline has been corrective and then we should look for gains back above 1.0500-30 and 1.0560-85 to retest the 1.0625 high. Also note resistance at 1.0660-87 and 1.0713...
Medium Term Outlook
A new low at 1.0331 and then a reversal which has failed to overcome the 1.0640 swing high and thus, as we move into a corrective phase elsewhere I see there remains the risk of losses that have chance of testing the original targets at 1.0252 and 1.0140...
Only back above 1.0625-40 would bring earlier relief and the prospect of more sustainable gains.
Tuesday, August 17, 2010
Did you ever think if the Caped Crusader ever gets tired of his batmobile and wanna have a modern vehicle instead? What kinda vehicle he’ll opt for? The one pictured above has all that Batman would surely fall for. Hailed as the BMW X9 Concept, the 18-year old designer from Tunisia, Khalfi Oussama, might surely have thought of a modern vehicle for Batman before giving shape to this vehicle. Unfortunately we don’t have all that technical info of the vehicle or what was the inspiration behind, but checkout the images and you will rhyme with me that this weird vehicle is an ideal safari for the Dark Knight.