2 Day, 10 min. - Sep. 24 - Support gave way to a move downward. Market closed with very weak effort by the Bulls.
10 Days, 60 min. - Sep. 24 - Five day retreat.
3 Month, Daily - Sep. 24 - Bullish Channel Trend
1 Year, Weekly - Sep. 24 - Bullish Trend Channel - It is important to keep all time frames in mind when assessing the market.
2 Day, 10 minute - Sep. 23 - Quiet AM followed by volatile afternoon. See saw action reaction to the Fed. announcement. No change in rate but no more bailouts.
20 Day, 2 Hour - Sep. 23 - Resistance held at 107.40 until Bernanke Speak which sent the market up. This was shortly followed by a reversal that lost all gained ground.
3 Month, Daily - Sep. 23 - Bullish Trend on 3 Month Chart.
1 Year, Weekly - Sep. 23 - Long Term Bullish Trend
2 Day, 10 min. - Sep. 22 - The "Sleeping Tiger" made a quick dash at the rabbit but tired quickly and went back into her lair for more rest. "Resting" in consolidation creates tension and energy which when released can bring about significant movement (up or down).
20 Day, 2 Hour - Sep. 22 - Five Day line of Resistance has Formed. A Breakout above this Resistance Line could release significant energy to the upside. Retreat away from this line of confrontation would signal weakness and a tendency toward further correction to the downside.
3 Month, Daily - Sep. 22 - Bullish Trend Channel dominates this 3 Month chart. Price action is in the center of the channel. It could go either way but the trend is up.
1 Year, Weekly - Sep. 22 - Long Term Bullish Channel. MACD looks like it is due for some Red.
5 Days, 15 min. - Sep. 21 - Correction, Consolidation in Progress. The market could be resting and winding up for another breakout to the upside. I said, "Could be." It is hazardous to go out on a limb. We have no Crystal Balls.
3 Month, Daily - Sep. 21 - Bullish Channel Trend on this Intermediate Chart. Note the RSI, CCI trade triggers on pull backs.
1 Year, Weekly - Sep. 21 - Bullish Trend Channel on this longer range chart. RSI & CCI indicators help spot trade possibilities.
2 Day, 15 min. - Sep. 18 - Second Day of Consolidation. Major Trend Remains Bullish.
20 Day, Hourly - Sep. 18 - Bullish Trend in this time frame. Price at 20 Day Moving Average.
3 Month, Daily - Sep. 18 - Bullish Trend! RSI and CCI bounces signal reversals.
1 Year, Weekly - Sep. 18 - Longer Term Trend is Bullish.
2 Day, 15 min. - Sep. 17 - Short Term, Intraday Trades are facilitated by using Indicators such as RSI, CCI, MACD, and others. All indicators can be helpful, but it is best to find the ones that work best for you. There is no perfect system or ?Holy Grail."
10 Day, 60 min. - Sep. 17 - There have been 10 days of upward movement with each day closing higher than the day before. The market is due for a rest. There is a need for consolidation and digestion of these gains. Many expect a major correction with significant pull back in the market. A more likely outcome is for a sideways consolidation followed by a resumption of the Bullish move. There is no crystal ball and there is no certainty as to what happens next. The market is the market. The market will do what it wants. It has no respect for anyone else's opinion.
3 Month, Daily - Sep. 17 - Longer term there is a Bullish Channel Trend that has been well established since March 1. There were two pull backs along the way which were accompanied by RSI, CCI, Double Bottom signals to go "long." These are noted by Highlighted Ovals.
1 Year, Weekly - Sep. 17 - Yearly perspective can give you a Bird's Eye view of the market. Don't be blinded by short term market activity and news releases that can lead to emotional decisions which are almost always wrong. Let the market show its hand. When it is Bullish, Run with the Bulls. When it is Bearish, become defensive and work with the market. Swimming against the current may work on occasion but on average will lose. "The Trend is Your Friend."
2 Day, 5 min - Sep. 16 - The day begins in the 5 min. time frame. From this vantage point a gap opening begs for closure, but the internal quickly demonstrate strength and a reversal is revealed by a Double Bottom supported by a Snap Back Up in the RSI and CCI. From there on it was "Katie Bar the Door."
3 Month, Daily -Sep. 16 - Longer term Bull Trend is apparent. RSI and CCI can be excellent indicators of market reversal in any time frame.
1 Year, Weekly - Sep. 16 - Even on a One Year, Weekly the RSI & CCI shows its stuff.
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.
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.
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.
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