Archive for January, 2008
Sunday, January 20th, 2008
My SIMSCI TREND Chart above...
My SIMSCI SWING Chart above...
My Mentor's methodology puts the TREND Chart, ahead of the SWING Chart. Looking at the TREND Chart above, PRICE in today's session (chart shown is current, as of 3:20pm, Singapore Time) has broken down from the PRIME Consolidation. Expect more ...
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Friday, January 18th, 2008
My ES TREND Chart above...
Again...need I say more? Other than the brief PRIME Consolidation (Higher Low, followed by Lower High), it was down, down, down...
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Friday, January 18th, 2008
No, we’re not talking Chinese here. We’re talking about the NASDAQ 100 e-minis, also called noodles. E-minis were introduced with the rise of electronic trading and are now traded on the NASDAQ 100, S&P 500, Dow Jones, bond, currency and other markets. In our Futures Trading Secrets course, we recommend ...
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Thursday, January 17th, 2008
My ES TREND Chart above...
...what more can I say? PRICE is still heading down, until it fails.
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Thursday, January 17th, 2008
10:09pm PRICE has made a PRIME Higher Low (1369.00 - during Globex) and the third Leg is now needed to give us a change in the Bear TREND. PRICE must breach last night's session high of 1397.25, for Leg 3 of Bear Break.
11:19pm Leg 2 failed. PRICE has gone lower, ...
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Wednesday, January 16th, 2008
My GBP Futures TREND Chart above...
Long signal not triggered last night...
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Wednesday, January 16th, 2008
My HSI SWING Chart above...
With the break down in PRICE, do expect a "relief" rally of sorts, from the oversold position the market is in. Afterall, PRICE needs to head back up to challenge last PRIME Resistance at 28424, to establish a PRIME Lower High, and then back down ...
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Wednesday, January 16th, 2008
My ES TREND Chart above...
As usual, we need the completion of 3 Legs to reverse the BEAR Trend we have been in...
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Wednesday, January 16th, 2008
My GBP Futures SWING Chart above...
With a PRIME Higher Low (at $1.9482) established in today's earlier trading session, PRICE now needs to breach $1.9694 to give us Leg 1 of Back Door BEAR Break, on the SWING Chart.
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Tuesday, January 15th, 2008
My YM (Dow E-mini Futures) SWING Chart above...
The BEAR Trend continues to exert pressure on PRICE. With news of Citigroup's losses, it only reinforces the current bearishness the markets are going through.
Remember...PRICE will continue in the direction it is going, until it fails.
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