What a monsterous day for the bears...they came out swinging (selling)...the open for the QQQQ's toady is 35.42 and the high of the day is only 35.49. The low of the day is 34.51. The triangle chart pattern was breached at the lower trend line as selling pressure pushed prices below the 50 sma ( 35.17) area. The closing candle is a full trading day candle, nearly a maruboza candle except with wicks at either end of the candle. The fib retracement is (.52) below the intermediate level (35.01) as the close of the day reached 34.53.
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=5&dy=0&id=p48406154309&a=144506253&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=1 http://www.fibonacciqueen.com/public/774.cfm The impressive sell of the market today comfirmed by volume (nearly 150,000,000) shares traded... leave very little doubt as to how traders are digesting last weeks economic data and prespective next quarter growth. I'm surprised that the market sold as hard as it today and look forward to a moderate change in direction tomorrow before continuing downward. From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Mon, 6 Jul 2009 20:32:14 -0500 The $BANK today traded near the lower end of the trend channel we have drawn on the daily 5 month chart. As the open today 1509.28 was nearly the low of the day 1508.32...as the markets traded range bound for most of the day reaching a high of 1529.63. The closing candle is a full bodied spinner with very small wicks on either ends. The fib retracement 38.2% (1506.47) received a lot of attention as price action moved within it's borders, however the close (1526.31) reflect the possibility of a run to the up side in the next day or two...resistance may occur at the 8 sma (1544.72) and the 20 sma (1565.01). http://stockcharts.com/h-sc/ui?s=$BANK&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=143335942&listNum=1http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Tue, 30 Jun 2009 16:41:36 -0500 After an interday sell off it appears that the DOW is closing near it opening price...however not as dramactically as the mid day corrective move...tomorrow will be interesting as we near the holiday. http://www.freetradingvideos.com/vlog/default.asp?Category=2 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Fri, 26 Jun 2009 19:11:41 -0500 The markets traded with in a range most of the day and did'nt reveal it's next possible move, so we'll continue to monitor the charts for some clue as which direction the markets will move next week.... http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Thu, 25 Jun 2009 14:52:34 -0500 The $BANK ...traded upward in early morning trading today....in line with much of the broad market as trading sentiment appeared more bullish than bearish. The open 1509.71 and the high (thus far ) 1544.75 of the day is holding. The news today did not deter traders from accummulating larger positions in relative strong stocks as the markets move forward. The $BANK meet resistance at the 8 sma (1542.34) area as a minor pullback to the 1540.00 area before consolidating. The close of the day is un availible until the markets close...however a close above 1550.00 would prove bullish for the next trading day. http://stockcharts.com/h-sc/ui?s=$BANK&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=143335942&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=2 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Wed, 24 Jun 2009 12:03:46 -0500 As traders await the FOMC announcement later today (after posting gains due to the better than expected durable goods orders for the month of May) the $NDX 50 day 30 min. chart is reflecting consolidation @1453.19 area which is nearly a 100% retracement of Monday's early morning open which began @ 1436.59 and before Tuesday's decline to a low of 1415.00. http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p14532658418&a=139546771&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=2 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Sat, 20 Jun 2009 17:15:19 -0500 Let's take a look at the $NDX...the open is at 1456.14 and the high of the day is at 1464.04. The meger high reflects indecisive sentiment as traders attempt to decide whether to continue the downward move (take profit after yesterday's up move or salvage any remaining capital from long positions taken several days ago prior to the past few down days)...as the weekend approach and options expiration for June. The closing candle is a doji. The fib retracement is between 100.0% (1514.01) and 61.8% (1332.55) area as the close of the day is 1453.80...notably slightly under the 20 sma (1455.10) and yesterday's close 1455.89. http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p14532658418&a=139546771&listNum=1 As we move into next week the markets appear poised to either continue lower or possibly move higher.The charts will tell us in which direction the move will occur and perparation begins during the weekend for next weeks trading session. http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX Date: Tue, 16 Jun 2009 16:51:15 -0500 The $BANK traded in tandem with the rest of the broad markets....lower. The open is at 1593.88 and the high of the day is only 1594.03. The low of the day is 1560.16. The closing candle is a marubozu. The fib retracement is in an area between 50.0%(1602.45) and 38.2% (1503.66). There is a possible support area at 1550.00 that may slow the downward move, however all the moving averages have been breached and are respectively showing no signs of support nor resistance on the daily chart. Conversely if 1550.00 prove to be intermediate support.... a possible double bottom pattern may emerge consisting of the past 18 trading days that may provide a possible upward bounce...(highly speculative) but none the less it's something to keep an eye on. http://www.freetradingvideos.com/vlog/default.asp?category=1 > Date: Wed, 3 Jun 2009 18:25:24 -0700 > Subject: {GS} Re: Possible reversal set up. Charting the $VIX and the $SPX > From: [email protected] > To: [email protected] > > > Weakness in market today help keep the $NDX below 1500.00 on the > weekly chart as intermediate resistance is found near that area. On > the daily chart the $NDX opened at 1472.25 and reached a high of only > 1476.98 before declining to a low of 1459.59. The closing candle is a > dragonfly doji type candle. The 8 sma (1433.30) is the nearest target > on the downward slide as the market move lower, also intermediate > support could be found at that area as well going back to Oct 08 gap > and the 50 sma (1420.79) area. > > The QQQQ's traded similarly to the $NDX as it opened at 36.28 and > reached a meger high of 36.37 and the low of the day is 35.93. The > closing candle is a dragonfly doji as well. There is no mistaking the > 36.50 possible intermediate resistance point on the upper end of the > trading range and the possible intermediate 35.00 support point on the > lower end...8 sma (35.30) next possible target as well. > http://www.freetradingvideos.com/vlog/default.asp?category=1 > > > On Apr 14, 8:58 pm, Dogon566 <[email protected]> wrote: > > Today witnessed the markets give mixed signals the $VIXmoved lower as > > the broad markets move side ways to close lower. > > > > http://www.freetradingvideos.com/vlog/default.asp?Display=946 > > > > On Apr 2, 4:38 am, Dogon566 <[email protected]> wrote: > > > > > > > > > We are at a critical jucture in the markets as the $VIXis moving > > > sideways. It's not apparently clear which direction the markets will > > > move in the next few trading sessions. I've elected to watch d-seven, > > > matador and breakout trader's videos at their scheduled time slots > > > tomorrow (mark to market comments) and the following day ( market > > > reaction and or possible market direction). You're invited to join me > > > as I'm certain the information gathered from the up coming video's > > > will be of great benefit to your next trading > > > decision.www.freetradingvideos.com > > > > > On Mar 16, 6:50 pm, Dogon566 <[email protected]> wrote: > > > > > > Interesting day in the markets. $SPX is trading into possible > > > > resistance at the fib 38.2% (763.76) area closing with a possible > > > > shooting star candle. If we close below the 750.00 mark tomorrow maybe > > > > this will be the begining of the next down leg. > > > > > >http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965... > > > > > > BTW.... videos for today... > > > > > >http://www.fibonacciqueen.com/public/650.cfm > > > > > >http://www.freetradingvideos.com/vlog/default.asp?category=1-Hide quoted > > > >text - > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text - > > </html </html </html </html </html </html </html _________________________________________________________________ Windows Live™ SkyDrive™: Get 25 GB of free online storage. http://windowslive.com/online/skydrive?ocid=TXT_TAGLM_WL_SD_25GB_062009 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. 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