Archive | June, 2010
June 30th 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down No point pondering what has occurred in the last 24-hours. What we need to assess is what the pattern should deliver in the coming weeks. The market is now impulsing lower, but is at an extremely oversold condition. As such the chances of a bounce, [...]
Continue reading...June 28th 2010
28. June 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down The ASX continued to push lower today and has dropped enough in the last 4 sessions to turn our momentum indicator back into the RED. Therefore, weekly and daily trends are down, as is momentum. The target remains sub-4000 unless we see a reversal back [...]
Continue reading...June 25th 2010
25. June 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Up The downdraft velocity continues to expand. The more it does so the more it confirms that we may well be taking a straight line down to the target area we’ve been discussing. As I mentioned in the US notes this morning, there is a reweighting [...]
Continue reading...June 24th 2010
24. June 2010
Weekly Trend: Neutral Daily Trend: Down Daily Momentum: ___ Up The ASX got an early bid on back of the leadership spill but failed to hold gains into the close. The markets remain vulnerable with swift downside potential the highest expectation in our view. The downside target for the local market is 3770 over the [...]
Continue reading...June 23rd 2010
23. June 2010
Weekly Trend: Neutral Daily Trend: Down Daily Momentum: ___ Up Our Systematic strategy turned itself off today after two strong days down. Remember that this system and its signals use no Elliott Wave or discretionary input. It’s a trend momentum strategy and simply turns on and off with the current momentum. Obviously when the market [...]
Continue reading...June 22nd 2010
22. June 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Up The ASX put in an inside day after yesterday surge higher, but as per our alert this morning we hold concerns that recent strength can be maintained. The market opened on its high and closed on its lows but volume was on the light side. [...]
Continue reading...June 21st 2010
21. June 2010
Weekly Trend: Neutral Daily Trend: Neutral Daily Momentum: ___ Up A solid upside day today tagging our wanted ‘bounce’ target very nicely. We’ve now complete a very symmetrical A-B-C pattern off the May 21 lows and by right we should be looking for a reversal from here. Of note is that the market has now [...]
Continue reading...The Chartist Weekly Roundup
21. June 2010
Short Term Trading Stack to Investors: Stop Trading! And therein lies the major fault for retired or seasoned investors who are considering short-term trading as an alternative to their market frustrations of … S&P Downgrades BP’s Debt BP’s debt remains on CreditWatch, where both the long- and short-term bonds were placed by S&P with negative [...]
Continue reading...17th June 2010
17. June 2010
Weekly Trend: Neutral Daily Trend: Neutral Daily Momentum: ___ Up Our trend filter flipped to neutral today after returning to UP yesterday for the first time in a month or so. Volume was very low today and quite often this can be a precursor to further upside. That said our the pattern construction we’ve been [...]
Continue reading...16th June 2010
16. June 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Up The ASX Systematic Power Setups have turned back on due to recent strength. Let’s remember that this system does not take in any other technical or fundamental information, so it may be at odds with what we’re currently thinking about the markets in general. The [...]
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Latest Share Trading Articles
- The Hidden Strengths of Volume Analysis (part 2) September 19, 2010In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
- The Hidden Strengths of Volume Analysis (part 1) September 19, 2010The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
- The Psychology of Trading September 19, 2010The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
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30. June 2010
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