Posted by axehandle on 19th of Nov 2010 at 06:38 pm
Cypress has been looking real good now for some time. I picked
it up as a long term buy a few months ago on a point and figure buy
signal. fact is that this is one tech stock that has been above its
dot com era highs. could go much higher.
Posted by axehandle on 6th of Jul 2010 at 02:07 pm
what if you just follow the crosses; getting back in on
whipsaws? Do the whipsaws hurt you too much or do you just get back
on the train for further gains if it crosses back up?
( DJ ) 05/20 02:33PM =DJ CHARTING
MARKETS: Hot Dollars, Cold Sweat
By Stephen Cox, CMT
A DOW JONES NEWSWIRES COLUMN
NEW YORK (Dow Jones)--One way or another, the Dollar Index's
number is
coming up, and the upshot could be downright theatrical.
Either the dollar is
going to be wildly bullish or bearish.
You've heard of market "fear indexes." I'm suggesting that
the dollar is
about to become one of those indexes if it isn't already.
If I'm not misunderstanding the current situation, the
dollar's uptrend is
influenced by what I call the "Roman Empire effect," that is,
the
haven-seeking dollar buying on the assumption that the U.S.
is the last, best
circle of economic security, much as Roman citizenship and
Roman currency were
respected in another point of history.
I should say to readers, especially readers outside the U.S.,
who sense a
chauvinism in that analogy, that, after all, we all know what
happened to the
Roman Empire. But I digress.
The technical point, in any case, is made by the daily chart
of the last leg
of the Dollar Index's current uptrend which shows what is up
with the dollar.
The looming technical resistance at 87.806, I'd say, is
liable to make or
break the dollar's uptrend. If the Dollar Index blows through
87.806 then
traders could seriously consider an eventual move up to
95.000-area technical
targets before this year is out. On the other hand, a failed
test of 87.806
would be a strong caution signal to those planning to buy the
dollar for any
reason.
That 87.806 level is derived from the Dollar Index's annual
chart. It may be
important to note that the Dollar Index's current powerful
uptrend this year
is so far a correction of a downtrend that has been effective
since the index
peaked in 1985 at 164.720. The simplest technical logic says
that the 25-year
downtrend trumps the current half-year uptrend. Or, to put
that thought in
other words, a decisive move above 87.806 would be a
momentous technical
development.
Going back to the short-term technicals, I believe a test of
88.229 followed
by a decisive move below 87.806 would be a strong signal of a
Dollar Index
The following story was published on Thomson ONE:
For information on Thomson ONE go to
www.thomson.com/financial failure. On the other hand, trading even slightly above
88.229 would have to
be notice that buyers of the dollar are playing in this
market strictly at
their own risk.
(Stephen Cox, a chartered market technician, is chief
technician for Dow
Jones Newswires. He can be reached at 212-416-2212 or by
email at
stephen.cox@dowjones.com.)
(Data by CQG)
Posted by axehandle on 12th of Mar 2010 at 02:17 pm
very. havn't heard the chatter of "devastating wave 'c' lows" on
this site in a while. If this market bounces off your converging
trendlines in a meaningful way, I wonder if we hear that kind of
talk again!
Posted by axehandle on 26th of Feb 2010 at 03:40 pm
The percentage moves are greater though. for example. lows to
highs on 2/5 to 2/17, GDXJ increased 20% vs GDX 15%, roughly. Might
make sense to use GDXJ when getting Matt's GDX/GLD signals.
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phenomenal. Car wash Australian style!!
Off Topic - Amazing Flood video in Australia
Posted by axehandle on 11th of Jan 2011 at 02:41 pm
phenomenal. Car wash Australian style!!
Cypress has been looking real
CY
Posted by axehandle on 19th of Nov 2010 at 06:38 pm
Cypress has been looking real good now for some time. I picked it up as a long term buy a few months ago on a point and figure buy signal. fact is that this is one tech stock that has been above its dot com era highs. could go much higher.
looks like the fire island
Almost home
Posted by axehandle on 13th of Oct 2010 at 01:44 pm
looks like the fire island light house. yes?
just took gain. 14% in
ORN
Posted by axehandle on 13th of Oct 2010 at 12:06 pm
just took gain. 14% in 3 weeks! Thanks Matt and Steve for that one.
ORN
Posted by axehandle on 12th of Oct 2010 at 01:50 pm
Matt/Steve,
ORN has a nice move today. Thanks. My target is 14.35, seem reasonable? Chart?
Axe
USAT
Posted by axehandle on 29th of Sep 2010 at 09:48 am
parabolic
CY
Posted by axehandle on 2nd of Sep 2010 at 10:32 am
broke a decending triangle yesterday on daily. following thru! any thoughts??
cool!
Visual Economic Data
Posted by axehandle on 21st of Aug 2010 at 10:14 pm
cool!
Got it, thanks. Didn't scroll
Matt/Steve X looks like a breakout with a gap to fill ...
Posted by axehandle on 18th of Aug 2010 at 02:45 pm
Got it, thanks. Didn't scroll down far enough when I searched. Buy on a pullback.
Matt/Steve X looks like a breakout
Posted by axehandle on 18th of Aug 2010 at 02:10 pm
Matt/Steve
X looks like a breakout with a gap to fill around 56. Can you post a chart with your thoughts? big volume.
Thanks, great update.
5 min SPX comments
Posted by axehandle on 11th of Aug 2010 at 03:31 pm
Thanks, great update.
need to leave the beer
Crazy day - market recap
Posted by axehandle on 6th of Aug 2010 at 07:24 pm
need to leave the beer in so there is just a little ice in it...
NYB possible cup and handle on daily chart
Posted by axehandle on 5th of Aug 2010 at 11:55 am
Matt, NYB looks like a cup and handle formation. what do you think?
what if you just follow
The Death Cross Is Not Always a Killer
Posted by axehandle on 6th of Jul 2010 at 02:07 pm
what if you just follow the crosses; getting back in on whipsaws? Do the whipsaws hurt you too much or do you just get back on the train for further gains if it crosses back up?
technicals on the dollar index
Posted by axehandle on 20th of May 2010 at 02:42 pm
( DJ ) 05/20 02:33PM =DJ CHARTING MARKETS: Hot Dollars, Cold Sweat
By Stephen Cox, CMT
A DOW JONES NEWSWIRES COLUMN
NEW YORK (Dow Jones)--One way or another, the Dollar Index's number is
coming up, and the upshot could be downright theatrical. Either the dollar is
going to be wildly bullish or bearish.
You've heard of market "fear indexes." I'm suggesting that the dollar is
about to become one of those indexes if it isn't already.
If I'm not misunderstanding the current situation, the dollar's uptrend is
influenced by what I call the "Roman Empire effect," that is, the
haven-seeking dollar buying on the assumption that the U.S. is the last, best
circle of economic security, much as Roman citizenship and Roman currency were
respected in another point of history.
I should say to readers, especially readers outside the U.S., who sense a
chauvinism in that analogy, that, after all, we all know what happened to the
Roman Empire. But I digress.
The technical point, in any case, is made by the daily chart of the last leg
of the Dollar Index's current uptrend which shows what is up with the dollar.
See chart at
http://www.dowjoneswebservices.com/chart/view/4007
The looming technical resistance at 87.806, I'd say, is liable to make or
break the dollar's uptrend. If the Dollar Index blows through 87.806 then
traders could seriously consider an eventual move up to 95.000-area technical
targets before this year is out. On the other hand, a failed test of 87.806
would be a strong caution signal to those planning to buy the dollar for any
reason.
See chart at
http://www.dowjoneswebservices.com/chart/view/4008
That 87.806 level is derived from the Dollar Index's annual chart. It may be
important to note that the Dollar Index's current powerful uptrend this year
is so far a correction of a downtrend that has been effective since the index
peaked in 1985 at 164.720. The simplest technical logic says that the 25-year
downtrend trumps the current half-year uptrend. Or, to put that thought in
other words, a decisive move above 87.806 would be a momentous technical
development.
Going back to the short-term technicals, I believe a test of 88.229 followed
by a decisive move below 87.806 would be a strong signal of a Dollar Index
The following story was published on Thomson ONE:
For information on Thomson ONE go to www.thomson.com/financial
failure. On the other hand, trading even slightly above 88.229 would have to
be notice that buyers of the dollar are playing in this market strictly at
their own risk.
(Stephen Cox, a chartered market technician, is chief technician for Dow
Jones Newswires. He can be reached at 212-416-2212 or by email at
stephen.cox@dowjones.com.)
(Data by CQG)
VLY
Posted by axehandle on 22nd of Mar 2010 at 12:14 pm
very. havn't heard the chatter
$COMP Long term
Posted by axehandle on 12th of Mar 2010 at 02:17 pm
very. havn't heard the chatter of "devastating wave 'c' lows" on this site in a while. If this market bounces off your converging trendlines in a meaningful way, I wonder if we hear that kind of talk again!
VNDA
Posted by axehandle on 11th of Mar 2010 at 01:26 pm
nice move above 200 day and recent highs (November/December). Nice volume too.
The percentage moves are greater
GDX AND GDXJ 60 MINS
Posted by axehandle on 26th of Feb 2010 at 03:40 pm
The percentage moves are greater though. for example. lows to highs on 2/5 to 2/17, GDXJ increased 20% vs GDX 15%, roughly. Might make sense to use GDXJ when getting Matt's GDX/GLD signals.