8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 1/7

What a fight for the upwards trendWhereas in the course of the week the Dow Jones and the S&P 500 suffered relatively moderate losses the NASDAQ-100 is exhausting its permissibledownwards potential to the limit. As mentioned several times in the last week analysis , the NASDAQ-100 is “allowed” to fall to the Primary GannAngle anchored in the GUNNER24 Up Setup without endangering the rally.

Among other things, within the systematics of the GUNNER24 Forecasting Method some back tests like that have to take place in order to stabilize anddefine the supports and resistances. At the same time, all the lines, arcs and angles in the GUNNER24 are magnets which attract the price or make itrebound respectively but at the same time, they may boost the trend.

The situation: On that Thursday the day after the FOMC statement we advised our members to cover all the long positions on monthly basis in theAmerican stock markets in case the support diagonal in the NASDAQ-100 was broken at 1792. Further reasons are the monthly reversal candles

expected everywhere and the effective threat the February candle might be skipped over, more or less in terms of time just because the February candleopens precisely on the primary Gann Angle. The Gann Angle may become the price resistance simply because of being “skipped over”. Actually thatmeans: The support of 1/29 may be the resistance of 2/01. But please pay attention to the important support line at 1720 marked in the GUNNER24Setup. It represents the first possible support in the Monthly GUNNER24 Setup. So, combining the other signals we will get a suitable plan on how andwhen the upwards trend may continue or how far the correction is expected to go, respectively.

The second short signal in the Daily GUNNER24 Down Setup shows that for the NASDAQ it is going to be extremely hard to resume the upwardstrend next week.

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 2/7

In the Daily GUNNER24 Trade Chart, the second sell signal on Thursday was particularly strong (simultaneous break of the blue arc and the firstsquare). Both sell targets were activated by the Friday close within the first double arc. If the upwards trend wants to be resumed – that should happennext Monday (at 1741) or the Monday after next (at 1720).

In this connection, pay attention to the actual GUNNER24 Up Setup, as well:

Here, the upper setup-anchored Gann Angle offers support. If it increases the trend the support breaking the 1720 (green support line) on daily basis wewill see prices up to 1670 at least.

The figure of 1720 in the NASDAQ corresponds more or less with the weekly support which is to be expected at the YM # contract.

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 3/7

Still, the market is in the bullish part of the setup, underneath there is the dynamic support zone (green triangle) that begins at 9930. But we areapproaching the narrow end of the triangle where the support space can be pierced “easier and easier”. The long entry on weekly basis may be riskedsubject to the resistance of the support line and to the support zone which begins with the line. But we will have to wait and see the next week for that.

To close the stock market analysis let's have a look at the actually valid S&P 500 Monthly GUNNER24 Up Setup:

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 4/7

The February candle is going to open undoubtedly in the new Gann Angle corridor marked light gray in the setup. The Gann Angle that so far hasoffered support is converting into resistance. Here, at 1049 we should expect a back test of the well recognizable price and time magnet. The upper lineof the first double arc is exactly at the point where the green support diagonal marked in the chart is crossing at about 1049 (with extension to 1032).

In gold, the monthly support (GUNNER24 Forecasts, Issue 12/06/2009) and the weekly support that is simultaneously existing in the WeeklyGUNNER24 Up Setup keep on resisting at 1075.

Being the objective of the down swing, the retest of the 1*1 Gann Angle did not take place last week, but it is going to happen next week. Furthermore,

the coincidence of the price and the 1*1 Gann Angle at the important time line of the recently passed square is offering the ideal precondition forresuming the rally to the main target at 1075 with a double bottom.

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 5/7

One thing is for sure: If the Gann Angle is broken on weekly basis an extremely bearish situation will emerge because the gold price would be in thebearish part of the setup and we would level all the long positions changing to the short side quickly. Since next week we are expecting only the secondtest of the 1*1 Gann Angle, actually that break is not due yet.

Silver has not respected the support diagonal at 16.65 ( http://www.gunner24.com/newsletter-archive/january-2010/24012010/ ). Last week, at the upperline of the 4th double arc it found its support.

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 6/7

8/14/2019 What a Fight for the Upwards Trend www.GUNNER24.com Issue 01-31-10

http://slidepdf.com/reader/full/what-a-fight-for-the-upwards-trend-wwwgunner24com-issue-01-31-10 7/7

To ensure delivery of our forecasts to your inbox, please add gunner24-forecasts@gunner24.com to your e-mail addressbook or safe senders list.

GUNNER24Eduard Altmann

Petersbergweg 1553227 BonnGermany

e-mail address: info@GUNNER24.comPhone: +49(0)228 94791790Website: www.GUNNER24.com

Charts courtesy of Ensign Software, Inc.

This e-mail contain confidential and privileged information. If you are not the intended recipient or have received this e-mail in error please notify the sender immediately and destroy this e-mail.GUNNER24.com provides information and education for viewers to use or not when evaluating and making their trading decisions and nothing contained herein or in any subsequent e-mail orcorrespondence or discussion can or should be construed as trading advice or as a recommendation to buy or sell any particular index, currency, commodity or share or to take a position in anymarket. GUNNER24 is not an investment advisory service, nor a registered investment advisor or broker/dealer. Any decision taken by a viewer or a member on whether to trade or invest or not inany particular case is the subscriber's or member`s own decision and entirely at his or her own risk and whether made with or without the assistance of a financial adviser. GUNNER24 and itsrepresentatives accept no responsibility for any such decisions made. It is strongly recommended that a position in the market is always accompanied by a stop loss. Trading in indices, currencies,commodities and shares involves risk; money can be both lost and made. Trading shares, indices, currencies and commodities can be done in a variety of ways, such as for example (but not limitedto), buying and selling futures and options in underlying equities, indices, spread or binary betting, direct purchase or CFD's. How you use the information provided by GUNNER24 is purely andexclusively at your own risk.

Copyright © 2010 GUNNER24. All Rights Reserved.