The previous week ended interestingly in a very confusing manner...by that I mean in terms of possibilities the $BANK could go in either direction from here. If we look at the daily chart we appear to be moving sideways...open (1701.95) range bound most of the trading session reaching a high of only (1702.62) and later acheiving a meger low of (1685.26)... (16.69) difference from it's opening price. It closed below all the sma's as (1688.38) slightly hinting at a possible lower open on Monday...but when viewed in context of the weekly chart it's apparent that the $BANK is basing high and closing above the weekly sma's....hinting of more up movement...if the weekly support area's hold than we could go up next week (earnings season ) and watch (commodities and precisous metals ) for signs of rotation.
http://stockcharts.com/h-sc/ui?s=$BANK&p=D&yr=0&mn=5&dy=0&id=p81005821520&a=143335942&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: RE: {GS} Re: day trader Date: Tue, 25 Aug 2009 21:09:54 -0500 The broad markets appear to be moving slightly higher albeit technically and fundamentally unfounded. The QQQQ's traded higher as it opened at 40.34...and reached a high of 40.76. The low of the day is 40.25. The closing candle is a shooting star type. The fib retracement is 0.0% ( 40.16) area...as the closing price is 40.37. http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=3&dy=0&id=p62301865561&a=144506253&listNum=1 http://www.freetradingvideos.com/vlog/default.asp?category=1 From: [email protected] To: [email protected] Subject: {GS} Re: day trader Date: Tue, 18 Aug 2009 19:36:59 -0500 Today the the board markets retraced 50% of the gap down...$NDX is showing minor weakness and the $SPX is correcting to the 990 area (we have been here before)...the $VIX is staying above 25.00. Wednseday is critical due to POMO. http://www.freetradingvideos.com/vlog/default.asp?Category=2 Date: Mon, 17 Aug 2009 09:51:10 +0530 Subject: {GS} day trader From: [email protected] -- "Unless you try to do something beyond what you have already mastered, you will never grow". </html Windows Live: Make it easier for your friends to see what you’re up to on Facebook. Find out more. _________________________________________________________________ Your E-mail and More On-the-Go. Get Windows Live Hotmail Free. http://clk.atdmt.com/GBL/go/171222985/direct/01/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
