Archive for December, 2011
ETF’s Update (09-27-09)
These are some of the ETF’s that follow the market as a whole. They are all under similar patterns and are always good to watch to see where the rest of the market is heading.
Oil breaking down (09-23-09)
This is what I mean when I say we need follow through. The spike in volume is confirmation that this pattern has confirmation.
Indecies Update (09-22-09)
I am still in the camp that we are going to go down. The only problem is that so is most of the market. What this does some times is it makes the market move higher and higher. The reality is that we are on top of the range of the pattern and until we don’t have confirmation on either direction we are in risky waters.
Volatility and Bullish Percent Indecies (09-22-09)
These are also some indicators that we look at as the top of a move is coming to an end.
S&P500, Dollar, & Gold update (09-21-09)
While this rally is a dollar fuelled rally, the patterns seem to be coming to their break. Gold is more of a bigger picture of the economy play; therefore it will be a longer term play.
Indecies and Apple and Goldman Update (09-09-09)
We are back to the top of the range of the rising wedge; we are going to have to see rejection of these levels to maintain this pattern intact. There are some equities like Goldman Sacks and Apple that are always leading indicator for the direction of the markets. We will see in the next couple of days the real direction of the market and Goldman and Apple are going to tell it first.
Dollar, Oil, & Gold update (08 September 2009)
We establish the relationship of the dollar and commodities before, the direction is still controlled by the dollar and news about the dollar. There is no confirmation yet even with the massive move from today. I will keep you updated the soonest is does breakdown or breakout.
Indecies and Gold update (04 September 2009)
We got to the bottom of the range of the rising wedge, on most of the indecies, now be looking for a final push to the upter range of the rising wedge to complete the pattern. At that time the indicators and oscillators will confirm the direction and the new breakout or breakdown will comence. As far as Gold, there is no doubt we are going higher!!!!
Indecies Updated (02 September 2009)
In this types of moves the first Index to break out or down will be the leader indicator. So far it looks like the Nasdaq is the one to be looking after. There are still three other major Indecies that have to breakdown, there was high volume today which means there is distribution going on. We will have to wait for the follow through to verify the direction