Breakouts are Exciting and can be Opportunities

Breakouts are a Classic Opportunity to Make Money!

Acme Packet - Parabolic Pattern with a Pause for Refreshment.  Situation begs for Resolution.

A Lower High suggests a Roll Over.  Resistance Line drawn across the Highs and a Support Line drawn under the Lows.  These are out Lines in the Sand.  A Break above is Bullish and a Break below is Bearish.  Let's keep it simple.  The facts of the market are staring us in the face.

Bounce off of Support is interesting but not Decisive.  Up or Down?  Who knows?

Price back up to Resistance.  Breakout above Resistance Bullish and would expect another Leg Up in the Price Action.

Classic Breakout above Resistance with continued move to the Upside.  Price Action is in the Clear and there is no overhead Resistance.

This is a Study in taking advantage of Technical Analysis to help making Trade Decisions.  Direction is so important and the Breakout is Decisive in Revealing the Market's intention.

Dollar Down > Market Up!

US Dollar Rolling over after Short Rally

Rally in the Dollar Fizzles at least for the moment.  There is an inverse relationship of the Dollar to the Stock Market.  When the Dollar goes down, the market goes up and vice versa.  (Click on the Charts for Larger View)

SPY 10 Day, Hourly - 3.16.10 - Trend continues up.  Daily Pivots continue to Rise with the Tide.  Hourly Candles are mostly Green as is the CCI.