Wednesday, September 9, 2009

Bulls, Bulls, Bulls, Bulls - They just don't Quit


"A Six Month Bull Run is Not Bad - Unless You are a Bear."
1 Year Weekly - Sep. 9 - Longer Term Charts give a Bullish View of the Market. Don't lose sight of the forest for just looking at the trees.
30 Day, Hourly - Sep. 9 - Oscillating but Bullish at the same time. Overhead resistance has not hell the market back in the past. Why should it back off now?

Tuesday, September 8, 2009

Bumping Off of Resistance - Where to Next?

2 Days, 10 min. - Sep. 8 - Bumping Heads or Crashing the Roof?

20 Day, 60 min. - Sep. 8 - Oscillations above and below the 20 Day, Moving Average. Range Bound Market.
3 Month, Daily - Sep. 8 - Obvious Bull Channel Trend continues to hold sway. The Bulls are in charge until grounded by the Bears. That has not happened yet.
1 Year, Weekly - Sep. 8 - Long Term Channel Trend is Bullish.

Saturday, September 5, 2009

Long Weekend to Ponder on "What's Next?"

A Lot Can Happen in a Few Days
2 Day, 10 minute - Sep. 4 - Just a Bounce or the Real Thing?
30 Day, 60 minute - Sep. 4 - Range Bound between 98 & 104. Is a Breakout in the works?
3 Month, Daily - Sep. 4 - Looking at multiple time frames offers wider perspective on the market.
2 Year, Weekly - Sep. 4 - Bullish Trend Channel in this Longer Range Chart. The Trend is Our Friend but at some point trends do take up a new direction. Will it be sooner or later?

Thursday, September 3, 2009

Range Bound Box Breakout

Box Breakout - Is this a Fake Out or a Return to Bull Move?
2 Day, 10 minute - Sep. 3 - Break out in the Closing hour of the Market. Is this Real or just a Fake Out?
10 Day, 60 min. - Sep. 3 - Short Term Bear Move in a Bull Rally.
3 Month, Daily - Sep. 3 - Corrective Pull Back at Gold Spot below prevailing dominant Bull Channel.
1 Year, Weekly - Sep. 3 - Pull Back Candle is still within the Bullish Channel.

Range Bound Box

Correction Underway in Bull Swing High

A Pull Back at this Point is Healthy for the Market. The "Pause that Refreshes."
10 Day, 60 min. - Sep. 3
3 Month, Daily - Sep 3
1 Year, Weekly - Sep. 3

Tuesday, September 1, 2009

Bully Bear is Back!

It Ain't Fare to Keep Me Cooped Up Forever!
10 Day, 60 min. - Sep. 1 - Breakout from the Box to the Downside. This is a major technical change in market trend and momentum and portends at least a modest correction.
3 Month, Daily - Sep. 1 - Bullish Trend is obvious but punctuated today by a breakout to the South Side. This Daily chart shows the latest candle below the channel trend line (as opposed to the weekly - next chart)
1 Year Weekly - Sep 1 - On the weekly chart todays candle is contained within the Channel. This preserves the technical validity of the Bullish Trend.

Monday, August 31, 2009

"Don't Fence Me In!"

The Range Bound Market will not Last. It is just a matter of time. Techincal favor a move to the downside but the Bulls have a way of fighting back with vigor.
10 Day, 60 min. - Aug. 31 - No Breakout from Range Bound Box as yet.
3 Month, Daily - Aug. 31 - Intermediate Term Bullish. Box intact.
1 Year, Weekly - Aug. 31 - Long Term Bullish Trend.

Pending Range Bound Box Breakout?

A Waiting Game as Something has to Give! Which Way Does the Ball Bounce?
20 Day, 2 Hour - Aug. 28 - 6 Day Range Bound Market Begs for Relief.
10 Day, 60 min. - Aug. 28 - Market is Bouncing Between Resistance and Support. Take your Choice on Up or Down.

Saturday, August 29, 2009

Gentlemen, "Take 10 Paces Forward, Turn, and Fire at Your Leisure."

"Range Bound Market Winding Up for a Shoot Out."
2 Day, 10 min. - Aug. 28 - Limited trade opportunities with only one RSI breakout of note. ADs and Internals were not supportive of a trade.

3 Month, Daily -
3 Month, Daily - Aug. 28 - Channel Trend remains Bullish.
1 Year, Weekly - Aug. 28 - Long Term trend is Bullish. Trends and channels are subject to corrections and pull backs so one must always be cautious.