Archive for the ‘Uncategorized’ Category
Wednesday, January 30th, 2008
My ES SWING Chart above...
I don't know about you, but it seems to me that it is getting more & more predictable to trade FED days. Before the announcement of the rate cut is made, the market grinds itself higher and the moment the announcement hits, PRICE rallies, only ...
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Tuesday, January 29th, 2008
My ES SWING Chart above...
PRICE on the charts are poise for either direction. If the FED does lower rates, then we would probably see a spike in PRICE, pushing through PRIME Resistance, and giving us Leg 3 of Bear Break. However, if the FED leave rates unchanged, then a ...
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Saturday, January 26th, 2008
Here is an interesting article on rogue trader, Jérôme Kerviel and his "rogue" trading activities at Société Générale.
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Wednesday, January 23rd, 2008
My ES SWING Chart above...
With a PRIME Higher Low, followed thereafter by a PRIME Higher High in last night's trading, the signs for an end to the down move are beginning to show...
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Wednesday, January 23rd, 2008
09:38pm PRICE is threatening to take out yesterday's low, which was "religiously" supported at 1255.50 in pre-market activity, prior to the announcement of the rate cut.
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Wednesday, January 23rd, 2008
My SIMSCI TREND Chart above...
Referring to this morning's post, a signal to go LONG has appeared; Leg 1 of Back Door Bear Break.
To reverse the Bear TREND, the other 2 Legs must also be established. This will then tell us that the down move we have had so far ...
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Tuesday, January 22nd, 2008
My SIMSCI SWING Chart above...
It's a given...The Bear TREND continues to exert itself on PRICE. Expectations is for PRICE to eventually head back up to challenge last PRIME Resistance (439.00), to fail and to give us a PRIME Lower High. However, on my TREND Chart, there are currently ...
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Tuesday, January 22nd, 2008
09:30pm Are we gonna see a day cat bounce? After all, we need to have Leg 2 of Bull Break, so PRICE needs to head back up to challenge last PRIME Resistance, on the Position Chart.
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Monday, January 21st, 2008
My ES Position Chart above...
I've decided to post my ES Position Chart, to show the extent of the damage done so far. We are clearly still in Leg 1 of Back Door Bull Break as seen above and PRICE, when done going down, will have to head back up ...
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Monday, January 21st, 2008
07:25pm Just stepped into the house and was wondering if there was something wrong with my charts ??...It's really free-fall, in pre-market trading !
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