R,

I'm using the Simple Moving Average (SMA) based on a daily chart which currently reads:

djia: 9383

spx: 1009

qqqq: 39.75

if you have stockcharts then you can view these basic daily charts with 20(MA).

DJIA

SPX

QQQQ

20(MA) acting as resistance for the dow, spx, qqqq, etc...

5 MIN TICKwith annotations.

Currently right on the 20(MA) so it's at support. That doesn't mean that it has to hold but....If it breaks below the 20(MA) and then backtests it would give you a trade. Otherwise I'd be waiting until you see a situation where it returns to resistance as a opportunity to go short. You could go long right here but I wouldn't advise longs at this time.

I'm possibly going to sell half of my short position right here and then wait till we get back to resistance.

Trying to short at resistance is not the way to go. Wait for it and don't get emotional.

Happy trading

here's a really crazy chart of one of those POS stocks. I'd draw in the trendlines but it's not even necessary. Gap up, second mid morning push, sell off the rest of the day. Gap up, second mid morning push.....

This is AIG's little brother from Ireland

way ahead of me with that BDI chart. Love it. thanks!

DRYStrying to break a big triangle. Plenty of volume. Lets see if a very short term pull back yeilds and opportunity for a purchase.

Good Good. Gotcha! I should have read into the "certainly not going to" part of the title :)

check out AIGs little brother AIB. Another bank stock that seems to be running with the herd. Also could be finding a top soon? Hard to say in this crazy market.

SDS 30 min Stockchart

Lets see if SDS can hold here. Otherwise maybe we see that wave 5 to the downside.

Bill,

I'm not seeing any sell signals on ANY of the charts except for maybe the 1min??? Even then it's just consolidating. I'd really wait for some sort of confirmation otherwise it seems like an emotional trade. Don't let them get the best of you!

Banks just seem to be running with the news so why fight it.

15 Annotated SOX Chart 

15 min simple SOX with possible roadmap.

I've been tracking CPST for a while but haven't traded since early last year. It fell off radar but has been very good to me in the past. Weekly chart shows clear resistance at 1.25 and 1.50.

I'd say 1.20 would be a nice entry but lets see if it can clear 1.25 and move up to 1.50 short term.

the 5 min chart shows possible very short term bull flag setting up.

Thanks for bringing CPST back into the picture.

Lets see how it plays out. If the H & S is valid then we don't wanna see GS go back over 166.

You must post DENN to the watch list as a possible "Grand Slam." 

http://stockcharts.com/h-sc/ui?s=$SPX&p=30&yr=0&mn=1&dy=0&id=p98980517863&a=175841487

seems that Bill is living in a world of fear. I'd rather spend my time on the MAs, charts, as well as few minutes for the visually amusing charts that you post. enjoy.