divergence magazine dec 2013
DESCRIPTION
Global Market Analysis Stock indexes, Currencies, Commodities technicaé analysis by aidTrader.comTRANSCRIPT
AIDTRADER.COM 2
S&P500
03.12.2013: as I said last month "S&P 500 went above 1749 which created a new situation in the wave
count. Now S&P500 could go higher as the wave 5 will unfold", so S&P500 went to new highs to 1813. The Black
Friday all time high is a significant high, so the S&P should not go higher but there is one more new aim for S&P. The
1,618 level is at 1823, but it should not been reached. At the moment it seems the correction wave B has already
finished and now a long declining has just started. This view will be strenghten if the S&P500 fall below 1770 or the
bull trend line would be broken( it will be around 1750) So fasten your seatbelt!
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DAX
02.12.2013: Highly waited market turn around has not come yet. Divergence disappeared and the
optimisum on absolute high, so now we can wait for a decline below 8000 where there is the upper trend line. Be
patience!
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FTSE100
02.12.2013: very same pisture as the S&P500 but getting diverge against Us market. Whil Us went to new
highs the FTSE100 could not. Maybe the wave 2 has already taken place. The critical situation will be around 6500.
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CAC40
02.12.2013:The CAC is around 50 Fibonacci level, and there is a RSI divergence also. So CAC should start
falling from this level. In the falling the first corrective zone is around 4000. But there is some opportunity for further
rising to 61,8 Fibonacci level around 4750. In the rising the critical level is the 50 Fibonacci level around 4314, if the
CAC will be able to rise above it, than the room will be opened for increasing to 4750.
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NIKKEI
Last update 02.12.2013: a Contracting triangle where the wave E has finished yet. Wave 5 is
underway at the moment, there will be five waves. Maybe the end of wave I is closed to here so the previous wave 3's
top could be a resistance. Little correction is coming soon.
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SHANGHAI COMPOSITE
02.12.2013: Shanghai Composite has done it wave correction B. China should go above 2200 and broke
the downward trendline which open a huge space for rising in the wave D to 2800.
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HANG SENG
02.12.2013: Hang Seng Index is in the wave 3 advance, maybe there will be a little setback. The main way
is upward.
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SENSEX
03.12.2013: From 21000 Sensex was correcting in a Zigzag, so now further rising is waited for. Next step is
going above 21000 and remain above it.
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RTS
03.12.2013:I am waiting for further weakening in Russian Index. Wave 2 has just been made and the wave 3
should lead the RTS below 1000.
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EUR/USD
02.12.2013: "Now I consider the significant downtrend has started yet and the the key level is 1,37.
EURUSD pair should stay below" last month I said. The top was 1,3615 so now i supposed that the wave 2 has
finished yet also. So the downtrend is underway, next step is under 1,3! Let see.
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USD/JPY
03.12.2013: wave E has unfolded as i expected and USDJPY is around the previous high so maybe near
this high a little correction will come but after it has to rise to new highs!
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GBP/USD
02.12.2013: It was early to identified the wave E last month. I highly waiting for the turning around in this
currency pairs and than a huge falling will come. But now there is no evidence for that.
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USD/CHF
03.12.2013: the setback from the wave A (0,9972) seems a double Zigzag and the wave c of wave B should
find its bottom at previous wave 4 at 0,88. Maybe wave B is completed yet, so the USD should go up. On the other
hand the setback could unfold in a lower price somewhere above 0,85 and after USDCHF will be able to rise.
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USD/INR
04.11.2013: a little satback came but at the moment I am waiting for going higher above 65.
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EUR/GBP
02.12.2013: The wave C of wave 2 bottom should be at hand, there is a divergence also which strengthen this view.
Now I look for the onset of wave 3 up that will go well above 0,88.
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EUR/JPY
02.12.2013: The 132,5 level supported the further rising, I was wrong last month but the rising in it's later
stage, so patiently waiting for the correction wave 2.
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USD/RUB
03.12.2013:"It seems the wave e has been unfolded below 32. The next important level is a bit above 33." I
said last month and now Rubel has reached the 33 high so maybe a little correction will come. But it does not matter
the correction would come or not i expect the Rubel weakening.
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GOLD
02.12.2013: The gold situation is getting simple. Now there are two option. One of is the downward
movement has started and Gold will fall forward below wave 3, so the wave 5 should fall around 1000$. The other
option is the correction has not finished yet and it will be as sideways triangle. The crucial level is at around 1200 if it
would work as a support than the correction wave C is the next rising wave.
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CRUDE OIL
03.12.2013: The Oil unfolded to 92$, as i hoped oil was going lower but much lower as I expected. At
92$ there was a divergence so now it seems the wave II has already done and now the motivate wave is underway!
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NATURAL GAS
02.12.2013: The support was working around 3,4. Gas has mad eit's wave 2 and noe It should rise to new
highs with some little correction. The resistance is around 4.2-4.5.
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WHEAT
03.12.2013: maybe the correction wave 2 has unfolded at the 38,2 fibonacci resistance at 673 so now
Wheat are ealry stage of declining wave 3. Maybe the Wheat price will be falling in the channel what i draw on the
chart. We will see. The last high at 673 is the key level, Wheat should stay below it.
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10 YEAR US TREASURY YIELD
02.12.2013: It seems the wave 2 has already done. 10Y treasure is above 2,75 at the moment so the wave
II will be valid. The Federal Reserve are in it's trap. The next shoutdown agreement will push 10Y above 3% and
maybe the wave 3 will end about 4%.