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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Watch Out for the Adam’s Apple in Thailand and You’ll Be Fine

chessNwine Wed Apr 16, 2014 11:40am EST 5 Comments

marc-faber-relaxed

THD, the country ETF for Thailand, is acting very well this morning

The daily chart shows a base breakout, though the entangled moving averages still have some work to do to clean up the chart.

The weekly suggest Thailand is not out of the woods yet, with the potential for a major topping out pattern if prices loses the low-$60’s again.

Watch out for that downdraft, but if Thailand can make a higher low next week I would look to be a buyer given today’s action.

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THD

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THDW

 

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5 comments

  1. J
    J
    April 16, 2014 at 11:52 am

    Chess; you going to cash made me think of a question. If you and Le Fly are always having to blog the market and the market is open all year; how and when are you guys going to be able to take vacation or even get away for a day…never??? I mean, I like following the market and trading, but I like to leave it alone for a while and go to cash every now and again just to get away.

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  2. UncleBuccs
    UncleBuccs
    April 16, 2014 at 11:56 am

    Chess – I’m reading into this juxtaposition, that ‘somebody’ prefers the Adam’s Apple? Lol!

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  3. ctb007
    ctb007
    April 16, 2014 at 12:37 pm

    Chess

    Great reference to Faber. I think I heard him tell someone once to watch out for the adams apple in Thiland. LOL. Thanks for the awesome work you do!

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  4. MX2101
    MX2101
    April 16, 2014 at 1:20 pm

    Or South Beach.

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