Breakout from Confinement!

 It is Good to be Free!

SPY 1 Day, 5 Min. - 2.11.11 - Price Action Breakout coordinated with On Balance Breakout led to Greater Gains Today.

"Don't Fence Me In"

Shade Beats a Fence

 

SPY 5 Day, 14 min. - 2.`10.11 - Range Bound Market all this Week.  Breakout Pending, but, Which Way?

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SPY 20 Day, 2 Hour - 2.10.11 - Consolidation Pause Before the Breakout!  Trend is Bullish.

Air Combat

 A Day of Fighting Off Bandits!

 

Herring Bone Trading Day.  As much Give as Take Away with the Result back in the Golden Zone.

For a Complete Replay, Click on or Paste the following URL.

http://gallery.me.com/peterballenger1#100223

Climbing the Moutntain!

 

The Market Ignores Negative Issues and Just Keeps Marching On!  Get in the Way, and You Can Get Hurt!

 

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SPY 1 Day, 5 min. - 2.8.11 - Setup at the Open shows Regression Channel, Volume Profile, Bell Curve Projection (Golden Zone). and Active Trader.  Combine this information with Internals like TICKs & Breathe can provide Valuable Information on Subsequent Price Action.

 Breakout from Regression Channel at 9:15 Supported by TICKs and Active Trader Paved the Way to Higher Market Move.

 

SPY 1 Day, 5 min. - 2.8.11 - Early Breakout at 9:15 to the Upside Continued into the Close.  Price Action Exceeded the Golden Zone into New High Territory.  There was No Break in the Momentum during the Session.  From a Technical Perspective, this was a Perfect Day.

The Golden Zone Glitters!

 Gold is in Them Thar Hills

 

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SPY 20 Day, Hourly - 2.7.11 - In Spite of all the Negatives, the Market Surges on.  Today the SPY even Popped above the Trend Channel.  There is a Danger of Price Action getting Ahead of Itself.  There are a Lot of Reasons to Expect a Pull Back.  But, that is an Olde Story

  

SPY 2 Day, 10 min. - 2.7.11 - The Golden shaded area or "Golden Zone" represents the Area of Most Transactions (70%) in the last Trading Session.  This Zone acts as a Center of Gravity in which or from which the Market Trades in the next Session.  Recognizing its Significance is Important to your Trading Health.  We plan to follow this Indicator in upcoming Blogs as an Idea that makes Sense to the Potato Trader.

The Devil is in the Details

 

Make a Move and I Gotcha!

 

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SPY 20 Day, 2 Hour - 2.4.11 - Longer Term Trend continues UP!  But, note the divergence between the Price Action and the Longer Term "On Balance Volume."  This would suggest less Money Flow going to Support the Move.  In addition the Price Action is in the Upper Quadrant of the  Channel.  Could we be "Running out of Steam?"

 

SPY 2 Day, 5 min. - 2.4.11 - Friday's Price Action was Bullish with a move into a Higher "Value Area."  On Balance Volume was consistent with the move.  Yellow Lines depict Mondays "Value Area" High and Low.  Continued concerns about the Middle East just add potential Volatility to the Market making Direction Decisions more difficult.

Range Bound & Looking for The Break

Just a Matter of Time - Which Way?

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SPY 5 Day 30 m. - 2.3.11 - Support & Resistance Frame Range of Last 3 Days

SPY 20 Day Hourly - Channel Trend is Bullish - Price Action in Upper Quarter of Channel - Bulls & Bears Tug at Market Direction 

The Market Roars Back!

Market is Powered Up for a Sprint in Spite of Middle East Concerns

(Bike courtesy of Dr. Elizabeth Riseling)

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SPY 5 Day, 15 min. - 2.1.11 - The "Egyptian Dip" was Quickly Erased by a Rally Back to the Highs of the Channel Trend.  On Balance Volume and MACD were both On Board as were the AD Lines and UVOL/DVOL.  A Pause or Consolidation Rest would be Understandable after all this Action.

SPY 20 Day, Hourly - Bullish Trend Channel is Depicted.  The Line Depict One and Two Standard Deviations from the Mean.  This is a Linear Bell Curve and is Based on Statistical Probabilities (not artwork).

"Damn the Torpedoes, Full Speed Ahead!

Egypt is Egypt & the Market is the Market

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SPY 20 Day, 2 Hour - 1.31.11 - World Affairs Aside, the Trend Continues UP!  Intermediate term the SPY is in in Mid-Stream.  The Green Line is the 20 Day Moving Average, Considered by Many as the Holy Grail.

SPY 5 Day, 15 min. - Bounce Off of Support with New Potato in Formation.  Those Pictures formed by the Moving Averages are the Potatoes.  All Down Potatoes Lead to Up Potatoes and All Down Potatoes Lead to Up Potatoes.  So the Secret is to Always be on the Right Side of the Potato.

SPY 2 Day, 15 min. - Contrary to the Conventional Wisdom that the Market does not Like Uncertainty, the Move Today was Bullish.  The Problems in Egypt and the Middle East have been Shrugged Off as Either Resolved or of Little Short Term Concern.  This May Still Come Back to Haunt Us.

All Eyes on Egypt - Lots of Uncertainty in the Air

Uncertainty in Egypt and Middle East 

Probable Flight to Safety on Wall Street