Archive for December, 2011
Indecies picking up speed to the down side (27 August 2009)
The upper range of the wedge ended up to be a strong resistance, now we have to be patient to see if we can breakout of the wedge. This will give us a longer term view on the direction of the market.
All indecies halted at the top of the wedge (24 August 2009)
So it looks like the top of the rising wedge is going to be major resistance for this run up. There will be three scenarios that I am looking for: 1. The market retraces to the bottom of the triangle and then comes up for one last leg up to the top of the wedge. 2. The market consolidates and breaks out. 3. The market completely breaks down. Both scenarios I will know soon enough and so will you.
The top of the range is a danger zone (24 August 2009)
Even though there is giddiness in the market at this time, the top of the range of the triangle is a danger zone. We will have to be very vigilant so not to get trapped.
The Bulls are running (21 August 2009)
Here are some of the key indicators that we will be moving much higher in the near future. So far the direction is up and it is strong!
Oil, Dollar, and Gold the 3 amigos (20 August 2009)
I like the fact that pattern recognition is part of technical analysis, and the number three is the first number of the fib pattern. So if we look at (what I call) the three amigos we can narrow down the options of where this market is trying to go and why!
Indecies Update (20 August 2009)
The follow through never came in, but instead we had a 180 turn. There are a few more resistance levels to take out, but I think the probabilities of taking out the resent highs are higher now. I will make an update the soonest we get confirmation of a direction. This is why we use technical analysis; it keeps the reality of the market in our face. This is the only way to minimize loses and maximize profits.
Indecies in the same pattern (17 August 2009)
These Indecies are all in the same pattern and are part of the reason why I think this is a start of the correction. There is got to be follow through the next couple of days for confirmation of the pattern. I will make sure you know as soon as I can see there is a confirmation of DIRECTION!!!!!!
S&P500 Top Down Analysis (17 August 2009)
Here are a few reasons why I think the correction has began. We will need a few more days of follow through, but for the most part these are the map tracks.
XLF Gap Down (17 August 2009)
This gap down is still not a for sure thing, the violent movent has to have a follow through day or two before we can confirm the start of a correction.