Don't be that sucker who sells on panic or buys on euphoria... If like me you think you could be that one, learn Technical Analysis..

What a fortnight! 

Like for everything in life, there is money to be made on excessive emotional reaction...And in March we had two fantastic examples, Gaddafi and Japan... Oh yes there is another one.. the Ipad 2 (I bought 4 of them...Hope to sell them with 30% premium.. wish me luck...). 

Nikkei collapsed and had an intraday low of 8227 to close at 8600: luckily the level I highlighted in mid March! The recommendation was to switch into Nikkei on a buy signal (ie a level, and indicators) - Well we had both of them...


Nikkei weekly Chart

Last week, there was a Buy signal on the Stochastic oscillator (oversold, cross up). The buy signal is still on.
First resistance is 10300, then 11000, my first target.
The three-six months target being 13000.

SPX weekly Chart:
Almost back to pre Gaddafi level, and Buy signal on the oscillator , oversold. So back to the previous months conclusion, ie aiming at 2008 high...1550....

CRB monthly chart:
CRB index still testing the last Fibo retracement, overbought. 
The momentum on the quarterly chart is still positive so a break is likely
To be monitored












Conclusion: Keep your long, even add some if you have some excess cash. 
I re-iterate that we are in the last stage of the bull market...One telling sign, Corporates around the world are on a buying spree, and several are boosting their M&A teams...and vice versa for bottoms, and I speak from personal experience on both...Happy trading...