DJIA for the Long-Term Bulls

• There is no need to write much about this monthly chart. Nor are we required to perform too much analysis.


• The good news is that we've broken above the 61.8% level and that the likelihood of reaching the 100% level (2007 peak) is increased.


• However, the bad news is that we have a fairly prominent peak which formed in January 2000 that will potentially resist the bullish price action.


• So, I'd suggest being vigilant out there in January if we do not see a convincing breakout above 11,750.

-Sanjeet Parab

http://www.technicalanalysisbase.com/

Long Sesa Goa

Its been a while since I last looked at Indian markets. Came across an excellent set up for Sesa Goa.
There are some extremely positive technical developments for Sesa Goa Bulls.




DAILY CHART SIGNALS:
1) Breakout above the downtrending resistance line
2) Bullish Slow%D Stochastic divergence
3) Breakout and close above the 308 resistance level which was tested thrice in the recent past


***For points 1 and 3, I would like to see an open and close above the trend lines. We already have an open, but will have to wait and see if Sesa Goa closes above them today (December 27, 2010). If so, then I would look for an immediate entry given that price did not run away too much from these levels. If price closes way beyond these levels, then would wait for a swing low prior to making an entry.


**Would suggest an SL at 277 because it looks like a descending triangle. So, if the bullish price action does not gain momentum from here, then beware.


--Sanjeet Parab
http://www.technicalanalysisbase.com/

479.7 pips Gain: Feedback to EUR/USD July 4, 2010 Forecast

As correctly forecasted, EUR/USD rallied about 480 pips to take out 1.3 on the 10th trading day from the July 4 forecast. A $4797 gain for half a months of work... Fairly decent.

To view July 4, 2010 forecast, go to http://www.technicalanalysisbase.com/fx-corner/eur-usd-july-4-2010

Sanjeet Parab
________________________________

EUR.USD July 4, 2010- Looking for some more upside

Traders should be extremely vigilant when the EUR/USD approaches the major support and resistance levels identified on the monthly chart. Of immediate interest though is that we have two fairly strong support levels at 1.2444 and 1.2399. I personally expect a minor correction to a level just above 1.2444. A bounce of either of these levels should propel the EUR/USD to 1.3 relatively quickly.

Sanjeet Parab

UB ENGG 509992- January 17, 2010

CLICK HERE to view entire report.
-Sanjeet S. Parab

ZENOTECH 532039- January 17, 2010

I'm definitely bullish on Zenotech. Needless to say, purely on a technical basis. http://www.technicalanalysisbase.com/stock-analysis-station/zenotech-532039--2010-01-17

IOC- January 3, 2010

IOC headed for 285. Or even 255.
-Sanjeet Parab
http://www.technicalanalysisbase.com