Monday, September 14, 2009

The Bulls Rule the Roost

A Bull Run has been in force since March 1st. The Market is Overbought. It is very subject to a correction but Buyers stay excited.
2 Day, 15 min. - Sep. 14 - RSI (2) snap back ups combine with CCI, MACD, and Double Bottoms to help trigger entry points. Combination of these signals coordinated with the Internals are critical for success. Emotions and Ego must be neutralized.
3 Month, Daily - Sep. 14 - The same relationships can be seen on longer range charts.
1 Year, Weekly - Sep. 14 - Even on Weekly charts they are significant. In other words these indicators can be used for Day Trading, Swing Trading, and Longer Term Investing.