September 2nd 2010
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Up An up day to be sure, but an overly convincing one, although we did most of our upside yesterday. Many stocks gapped open on the US lead but dropped back intra day, which is quite usual. The bulls are chomping at the bit. Those stocks [...]
Continue reading...August 31st 2010
Tuesday, August 31, 2010
Weekly Trend: Neutral Daily Trend: Down Daily Momentum: ___ Neutral 80 days. That’s how long this market has been stuck in a 300-point range, about 6.75% maximum rotation from top to bottom and back again. We need to go back to mid 2006 to get a comparative example and prior to that late 2002. We [...]
Continue reading...August 30th 2010
Monday, August 30, 2010
Weekly Trend: Neutral Daily Trend: Neutral Daily Momentum: ___ Neutral One day doesn’t make a new trend but we suspected that some bullish follow through was going to be seen after Fridays activity. We posted several new long trades for aggressive traders late yesterday and all of these were filled. AAX and KZL were the [...]
Continue reading...August 27th 2010
Friday, August 27, 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down I eyeballed some 500 charts this evening and one stand out pattern is bullish A-B-C’s. The daily and weekly trend is down so these don’t fit our criteria, however if the US markets have a significant bullish night I will post some setups over the [...]
Continue reading...Thursday 26th August
Thursday, August 26, 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down 4494 is an important level in the ASX-200. Below that we technically retain our bearish view, but any move above takes us back to a neutral stance. If we probe a little higher after todays move, yet fail to move above 4494 the bearish pattern [...]
Continue reading...August 23rd 2010
Monday, August 23, 2010
Weekly Trend: Neutral Daily Trend: Down Daily Momentum: ___ Down We’ve been flirting with the index trend being up or down over the past week. Todays very small down day was just enough to tip the scales from Fridays neutral to bearish. From a discretionary perspective the trend is neither here nor there, and by [...]
Continue reading...August 20th 2010
Friday, August 20, 2010
Weekly Trend: Neutral Daily Trend: Neutral Daily Momentum: ___ Down Another stiff down day for the broader market but much of the mid-cap resource and energy sector held up reasonably okay. Technically though we retain a view that ongoing weakness is unfolding and will continue to do so until late October. Daily and weekly trends [...]
Continue reading...August 18th 2010
Wednesday, August 18, 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Down The US markets struggled to hold gains into the close and because they are retesting recent highs I retain a very cautious outlook for the coming months. Our advanced technical view remains, that is we anticipate weakness through to end of October before a late [...]
Continue reading...August 17th 2010
Tuesday, August 17, 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Down Interesting times indeed. The market seems intent on retesting the August 9th and June 21st highs circa 4600. A break up and through, especially one that doesn’t meander between here and there, would be quite a significant bullish signal with a possibility that a drive [...]
Continue reading...August 13 2010
Friday, August 13, 2010
Weekly Trend: Neutral Daily Trend: Up Daily Momentum: ___ Down A mixed for sure at present. The market made a very convincing recovery today – basically a strong trend day where is opens on its lows then rallies all day. It rallied hard enough to reverse much of yesterdays damage. Indeed many of the small [...]
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- Interview with Nick Radge (by student2trader.com) August 8, 2010May 2010 Nick, tell us a bit about your history as a trader? I originally got the bug after watching someone else plot a 5 and 10 day moving average crossover system by hand. I could see how and why the strategy worked, at least in its simplest form. From there I simply progressed through [...]Interview with Nick Radge (by student2trader.com) is a post from: […]
- Share Traders – Your Top 5 Questions Answered August 8, 2010An insightful conversation with The Chartist’s very own Nick Radge 1. How do I identify a list of stocks to work with? It can be done through riding with the clean and sustainable trends. Money can be made by following big swings or trends that lasts six to twelve months in time. This is similar [...]Share Traders – Your Top 5 Questions Answered is a post fr […]
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Thursday, September 2, 2010
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