Perhaps.

I got great backtest results with the EMA No.2 A3 System on AFR.DE (Air France , traded on Xetra): round about 2000% since 2007. Then I tried AF.PA (Air France traded in Paris): round about 120% since 2007.

The EMA works better with the Xetra quotes, because the volume is low, not so noisy like the quotes on the Paris exchange. But is it possible to work with the Xetra Charts and a trade execution in Paris?

Does the idea work?

On a chart a lot of things could look great

Today I am using Advanced Get (eSignal) to get a watchout for the next one or two weeks. Ok, what we see?

SP500 Elliot Wave Analysis 16. May 2009

On the 8th of May we had a high (930) and this high was the end of the Elliot Wave 3. A strong “Make or Break” line (the big blue barrier)  showed me long before this point was reached that it could be important to watch this price level. But where the price will go now? Some forecasts for the end of Wave 4:

First Support Level: 865-875
Second Support Level: 830-845
Third Support Level: 805-815

I personaly think that the price will reach only the first support level, because the uptrend is still OK. Watch the trend lines, there is no critical  break out. And if the price stays inside the lines the SP 500 is still bullish.

SP 500 Webotron Stocks Chart 05.16.2009

And what says the Webotron Stocks chart.

• The automatic trend detection shows us a trendless phase (no red or blue area) and the 2 last candles are small and have small bodies. Two indications of perplexity. Currently nobody knows the direction.
• A trendline is holding the price and a support line (870) is waiting to catch the price if it will lose control.
• And the best of all, the SP 500 is oversold (blue points).

My forecasting: Next resistance at 930 and the next target will be 975-985. BTW this level could also be the end of wave 5 and the beginning of a downtrend.

The next week (or the week after next) I am hopeful to go LONG. (probability: >85% )

ATTENTION! READ THIS DISCLAIMER
The information expressed on this pages is based upon the interpretation of available data. The data being presented was obtained or derived from sources believed to be accurate, but Webotron can not and does not guarantee the accuracy of these sources which may be incomplete and or condensed. The data and information presented is provided for informational purposes only, and is not offered as a basis for trading in securities nor is it offered for that purpose. Users of the Service should conduct their own independent investigation before making any investment or business decisions with respect to securities covered by the Service. Neither Webotron nor any of its data or content providers shall be liable for any errors in the information or delays in its delivery, or for any action taken in reliance thereon. Nothing contained herein should be construed as a recommendation to buy or sell any securities.
Keep in mind: “There is risk of loss in all trading!”

It’s the third time that the NASDAQ 100 reached the 1280-1290 resistance during the last 90 days. Oh guys, 3 times is powerful and indicates a strong barrier.

I pray that the Nasdaq 100 has enought power to break this resistance. If the NASDAQ 100 fails, the next support lines should be 1240 and one more step down 1160. But if the indice wins the fight, I see a target of 1330.

The next days we will see the direction.

ATTENTION! READ THIS DISCLAIMER
The information expressed on this pages is based upon the interpretation of available data. The data being presented was obtained or derived from sources believed to be accurate, but Webotron can not and does not guarantee the accuracy of these sources which may be incomplete and or condensed. The data and information presented is provided for informational purposes only, and is not offered as a basis for trading in securities nor is it offered for that purpose. Users of the Service should conduct their own independent investigation before making any investment or business decisions with respect to securities covered by the Service. Neither Webotron nor any of its data or content providers shall be liable for any errors in the information or delays in its delivery, or for any action taken in reliance thereon. Nothing contained herein should be construed as a recommendation to buy or sell any securities.
Keep in mind: “There is risk of loss in all trading!”