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Right now the S&P index,

Additional Comments

Posted by etcbari on 30th of Jul 2010 at 12:30 pm

Right now the S&P index, EMA(8), EMA(21) and MA(50) are all having a heated debate at 1100 discussing where to go next.

SPX(5 min) 1100.30, EMA(8) 1100.17 EMA(21) 1100.09 and MA(50) 1100.35.

For now they have agreed to stay above that 1099.

 

Sure, you can go to Google... and their finance page where they have something that they call " Stock screener".  There you can set the criteria for Market Cap, P/E ratio Div-yield and 52-week price change.

I have not audited how up to date the numbers are but it is a nice little function.

 

 

Thanks for that post and

Technical Trader free charts

Posted by etcbari on 9th of Jul 2010 at 10:48 am

Thanks for that post and the comments related to it!

I am happy to see that the VVUS that I recently bought are there at the end of the latest video, and the short-terrm predictions that he made to it.

Patience is indeed a virtue and I should work more on it, that I am the first to admit. Let's see if I am patient enough to stick with VVUS up to mid-teens...

 

Thanks Steve for the fast

ZSL Chart

Posted by etcbari on 1st of Jul 2010 at 10:38 am

Thanks Steve for the fast response to my comment/question below!

What would be the Breakpoint

ZSL silver

Posted by etcbari on 1st of Jul 2010 at 10:21 am

What would be the Breakpoint on ZSL? It is up 2.8% today to 33.39 as I write this.

MACD has gone above 0

TIGHTEN STOPS on SHORTS if Short Term

Posted by etcbari on 24th of Jun 2010 at 10:37 am

MACD has gone above 0 on the 30 min " Dynamic" RENKO chart.

I sold off my ERX

Laptop Trading

Posted by etcbari on 23rd of Jun 2010 at 12:13 am

I sold off my ERX after 18.5% gain in 3 weeks when the S&P began to turn down on the 5 min Renko around 1125 and then followed that up with an 8.5% gain in ERY which I sold off just before the close today. As cspirit posted elsewhere trading ERX is fun. But heck it can be really dangerous without close monitoring considering the 3x. I must thank Matt / Steve for their consistent counting and presenting of waves on the S&P for this scalp. Now I just wait for the next newsletter to see what these brilliant minds are thinking about the next step of S&P. Are we in queue for a wave C up to 1140-50?

I have not yet done any research about the correlation between S&P and ERX/ERY so I might just have been very lucky here in my analogy that they are closely related.

 

A bit of history

Posted by etcbari on 9th of Jun 2010 at 05:16 am

During the long uptrend in the previous cycle we saw a heavy dip in Q2 2006 although this time the dip in S&P has been larger at that time. The turnaround came around mid-July after having begun the fall in mid-April. 

In the Swedish OMX (^OMX)index which I am more familiar with the dip was larger at that time, down from 1060 to 900. This time in 2010, the OMX peaked at 1050 and has so far gone down to 944 as the lowest point, since then the index has begun to show higher lows.

Certainly all cycles have a different nature but if one raise the head from the one minute charts for a moment and think of the bigger picture, logically with less unemployment and better company results coming out, it would be a bit of a surprise if this cycle has already peaked.

These were just some of my thoughts. I know well that we do not try to predict the market but we act according to what the charts tell us. I just would not be too surprised if we see an end to the current washout by mid-July when the Q2 reports are coming out.

If I have learned the

LLEN

Posted by etcbari on 2nd of Jun 2010 at 09:01 am

If I have learned the lesson right from Matt and Steve you should also wait to see the MACD to go back up over 0.

GLD

Posted by etcbari on 1st of Jun 2010 at 06:29 am

Gold futures currently up 0.67%, enough to break the resistance at 119 for GLD today? Where will that take GLD after a possible breakthrough? A double-top?

Fib symmetry

5 min SPX

Posted by etcbari on 27th of May 2010 at 03:54 pm

That fib. symmetry recently posted by Steve, 8 days down, 5 days up, 8 down etc. still holds. Let's see if we get two more days up now but that would be just too simple, wouldn't it?

EXK

EXK

Posted by etcbari on 12th of May 2010 at 10:12 am

Nicely spotted, up nearly 5% today.

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