Archive | February, 2010
Feb 10 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down We promised some new setups were developing and today all 5 come online. The trend are down and we had a very weak close today so as you can imagine we’re staying with the short side trades. There is still Type-A Bullish divergence but these [...]
Continue reading...Feb 9 2010
10. February 2010
Weekly Trend: __ Down Daily Trend: Down Daily Momentum: Down Yesterdays action was a little concerning as we wanted to see immediate follow through from Fridays reversal. We got the follow through today but it needs to stay the course for a week or two. I sort stocks into bearish and bullish folders based on [...]
Continue reading...Feb 9 2010
9. February 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down There remains a few setups still in the making. A few more days should see them enter our pages. Until then Type-A bullish divergence remains intact even though price dribbled lower. The US action last night was certainly not promising so we stay with the [...]
Continue reading...Feb 8 2010
8. February 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Several things of interest tonight. Firstly there are some partial setups forming such as AWC, KZL and WPL. These need a few more days before they suit my criteria but they may suit yours now. There is good Type-A bullish divergence across a number of [...]
Continue reading...Feb 5 2010
8. February 2010
Weekly Trend: __ Down Daily Trend: Down Daily Momentum: Down There is a lot of action within the setups today mainly due to the need to vigorously defend shorts after last nights strong reversal into the close and the creation of lots of Type-A Bullish Divergences. The market rallied close to 170-pts in the final [...]
Continue reading...Feb 5 2010
5. February 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Global markets were thumped last night on back of ECB concerns. Metals and commodities were also punished with many key technical levels being broken. Volume was huge. Many commentators are suggesting that we’ve started ‘the big one down’ – that is a wave-3 impulse that [...]
Continue reading...Feb 4 2010
5. February 2010
Weekly Trend: __ Down Daily Trend: Down Daily Momentum: Down The market fell in a significant hole last night and several commentators are saying this is the ‘big one’ down. Maybe. We’re short and happy to be that way. I have updated current positions and added a few extra’s in for good measure. I’ll scan [...]
Continue reading...Feb 4 2010
4. February 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Well, that small gap we discussed yesterday was filled today as expected. There is not a great deal more to say. The trends are all down. The 2-day rally has been stifled, at least for the moment. major support stands at 4500 and we’re awaiting [...]
Continue reading...Feb 3 2010
4. February 2010
Weekly Trend: __ Flat Daily Trend: Down Daily Momentum: Down The market has lost its momentum completely. We’re in no-mans land. Earnings are still being released and tomorrow has the all-important Employment data release which will be heavily watched and voted on by the market. The market could swing strongly one way or other. If [...]
Continue reading...Feb 2 2010
3. February 2010
Weekly Trend: __ Flat Daily Trend: Down Daily Momentum: Down The most important thing to understand here is that the market is currently in no-man’s land. Another strong session but this is too be expected with bulls thinking a new rise is underway. It may well be, but the short term trend in our view [...]
Continue reading...
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10. February 2010
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