The pattern is still intact; the sequence is a 5 count instead of a three count. The only thing that matters is that the direction is still down and target has not changed.
Archive for May, 2009
XLF 60 min Chart Update (May 28, 2009)
Friday, May 29th, 2009XLF 60 min Chart (May 27, 2009)
Thursday, May 28th, 2009Some times a smaller time frame can tell us much more, its kind of looking with a magnifying lens.
Volatility Index Analysis (May 27, 2009)
Thursday, May 28th, 2009There many indicators and oscillators that tell us which direction the equity in the chart is going to go, but there are many other charts that tell us what the Market is going to do.
XLF Channel Update (May 27, 2009)
Thursday, May 28th, 2009Until we don’t have confirmation that a channel is created, we have to keep revising our work. The beauty of technical analysis is that you can always revise and confirm your analysis.
Volatility Index Analysis (May 25, 2009)
Tuesday, May 26th, 2009This Index measures exactly what its name suggests. The Volatility movement has an inverse relationship with the movement of the Markets. In other words, every time the volatility increases the markets go down.
XLF Financial ETF analysis
Thursday, May 21st, 2009The Financial sector is the one sector that leads the market, and in this case we can see that it’s starting to do exactly that. Just like every other index the Financials are in the same pattern. So finding out where the Financials are heading to, we might be able to stay ahead of the game.
Bullish Percent Index for the S&P
Tuesday, May 19th, 2009Once again lets look at what the technical analysis is saying. The Highs are where everyone wants to buy. This is why you DON’T!!!
ETF analysis (XLF, spiders financials)
Thursday, May 14th, 2009The ETF’s give another part of the story. The Stock Market usually doesn’t go up or down unless the Financials lead the way. In this case the Technology sector was the first one to breakdown, but looking at the Financials we might be able to tell where the Market is going to stop on the way down.
Indicies Analysis
Wednesday, May 13th, 2009All the Indices are doing what they are supposed to. This is the idea in looking for the indicators and oscillators to tell you the story. All we do now is wait for the pattern to hit the target, and at the same time keep looking for the indicators and oscillators to tell you the next move.
Analisis de los Indesis
Wednesday, May 13th, 2009Esta es una de las razones principales porque se que la bolsa va a regresar a los precios bajos de Marzo.