Tuesday, September 15, 2009

I Can't Believe This Myself!

We Bulls Have Our Tongues Hanging Out Real Big!
2 Day, 15 min. - Sep. 15 - Note RSI, CCI, & Double Bottom convergence that allows for market entry when other factors are bullish. The Black Numbers are the Net ADs (Up ADs minus Down ADs).
20 Day, 60 min. - Sep. 15 - Bull Channel is dominate. Oscillation noted in pattern. Market trading in the upper aspect of the Acceleration Channel. Always keep a longer range trend in mind when trading short term. Swimming against the current can use up your energy as well as your money.
3 Month, Daily - Sep. 15 - On this longer range chart the RSI, CCI relationship is still apparent. Until proven otherwise this looks like a very promising "Trade Trigger". Comments on this are welcome.
1 Year, Weekly - Sep. 15 - Bullish Trend noted. Again the RSI, CCI, Double Bottom convergence for entry is a very interesting phenomenon.

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.

Friday, September 11, 2009

Market Flat Going into Weekend. Slippery When Wet!

Monday's Opening will be Interesting. It could go either way.
2 Day, 10 min. - Sep. 11 - RSI in the Basement offered hints at trades but the internals did not support the move. Sideline spectator seats were the best.
10 Day, 60 min. - Sep. 11 - Bullish Channel Trend is evident.
3 Month, Daily - Sep. 11 - Bullish Channel Trend on 3 month chart.
1 Year, Weekly - Sep. 11 - Bullish Channel Trend apparent on Weekly chart. In other words all charts are bullish.

Thursday, September 10, 2009

Scan the Instruments -Know Where You Are.

Indicators are Great. Select the ones that work for you. More is not better. Two or three can be more manageable than five or six. Too many is confusing and counterproductive. Once you have your selected indicators learn the scan them as a pilot scans an instrument panel.
2 Day, 10 min. - Sep. 10 - When the RSI is in the Basement it may be a signal to consider a high probability trade.
20 Day, Hourly - Sep. 10 - Oscillating within the Acceleration Bands. The center line in the Acceleration Bands is the 20 Day Moving Average. Above the 20 Day MA is bullish and below is bearish.
1 Year, Weekly - Sep. 10 - RSI in the Basement may signal trade opportunities.

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