- Despite recent very strong rally (read squeezed to maximum pain here), all the charts here do not look like they have completed the longer term down moves yet.
- I would say the 3 charts on the RHS look marginally more bearish than the 3 LHS charts (EUR perhaps should also be on the RHS).
- eg. Gold and Copper. Bear flags.
- New lows remain ahead of us.
- The others (EUR, AUD, CAD) have probably come back too much for rapid downside gratification. Expect consolidation patterns eg triangles before new lows.
18 October 2011
Core Book : Chart Montage
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