Swedish Main Index, Sweden OMX

[MR]

I still see a favorable, bullish pattern. I posted it this way only to help others visualize the possible 'ideal' risk/reward setups to monitor for. If it is a breakout pattern, it will continue to rise without an immediate pullback. If it encounters selling pressure, I also wanted to show some other ideas to anticipate. It does not mean it is going to happen this way. This are only scenarios or ideas. IF we did see a retracement soon, it would imply bulls looking for a chance to ride this current uptrend in progress may still get their chance. That is basically all I wanted to show. I have really enjoyed the opportunity to look at stocks I am not familiar with. Thanks for asking earlier. It has been fun. As we say here, "may the trades all go your way!" Best wishes and hopes, Marc

[MR]

Someone emailed me a question concerning the SWMAY chart. Below is the question and answer....

[MR]

ERIC on different exchanges

Just a little update... best wishes, hope all is well in Sweden, sincerely, marc ....

[rumpino]

hi marc good to see you again!

short update from the fishnet world aswell, first weekly.

[rumpino]

and some daily thoughts and comments

[MR]

rumino,

EXCELLENT! Excellent, excellent! Thanks for sharing your charts.

They communicate very well. Please put some more examples
together when you get time so we can compare and contrast our
similar, but slightly different TA specialization approaches.

As soon as I can will try to do updates on the other companies we
mentioned here a while back.

Hope things are well in your region of the world.

We still have snow here in Ohio, midwest USA, 'Great Lakes' region.
Looking forward to spring, flowers and leaves again!

Wishing you the very best, Marc R.

[rumpino]

thank you too for sharing!

pls. let me know if there are any us companies or index you want me to look at from my perpspective and i'll see if i can "see" something in the charts.

we have about the same weather here in sweden, the snow is slowly melting away and we might have spring to, but april is a tricky month in sweden, one day you can walk in a t-shirt, the other day it snows, so one can never be sure :-)

regards
mats

[MR]

rumpino,

Just curious what your charts say for this Swedish stock (noki-sse)? Does it suggest supports coming up?

[MR]

Just a simple update for a previous Swedish chart....

[MR]

SWMA-SSE weekly follow-up chart. See earlier post(s) for last look at this chart....

[rumpino]

Originally posted by MR
rumpino,
Just curious what your charts say for this Swedish stock (noki-sse)? Does it suggest supports coming up?

hi marc, see notes in chart.

i have some problems "seeing" something here. this goes for the whole stock market for me at the moment, not sure where we are heading.

first day chart nokia.

[rumpino]

and then nokia week chart

[rumpino]

Originally posted by MR
SWMA-SSE weekly follow-up chart. See earlier post(s) for last look at this chart....

nice conclusions you had in your last post!

i have about the same EWT count for SWMA, I think we have at least one leg more on the upside. we're in some kind of triangle, maybe we have a small e-wave left on the downside.

fishnet doesn't say that much about it since there are no 'nets' above :-) but as support one can see the area around 68sek as a "must" that not should be broken, this to keep the positive scenario.

[MR]

SWMAY Update

Rumpino,

If Long this stock, inclined to still want to find ways to stay Long. Using MOB and
Normal Ellipse now as key Directional Level (DL).

[MR]

Swedish Match update (SWMA-SSE)

Here is the Swedish Match update (SWMA-SSE). Scroll down to see previous work.

Hoping Spring is in the air in your country. It is getting better here in Ohio, best wishes to you, Marc