Monthly Archives: November 2011

Major Central Banks to the Rescue

Today is an example of the news blowing up the charts. We had a nice setup for a down turn and the news has now changed that. I had to wait until tonight to look at the news to see … Continue reading

Posted in Daily Analysis

Stop the Trades

The market this morning is going up due to the news. I am not going to get into the trades this morning that I set up last night.

Posted in Trade Ideas | 1 Comment

Lovin the Fibs

Well this is already pretty crazy. I did get it right to the high of the day. It hit the 38.2% retrace on the fib of $121.00 which I spoke about yesterday. So what will tomorrow bring. I am looking … Continue reading

Posted in Daily Analysis

Trades for 11/29/2011

I looked at two trades this morning. URBN and ALXN Pattern is a Pennant. The setup looks good but I cant get a 2:1. The targets are to low for my taste. Besides I think the market is going to … Continue reading

Posted in Trade Ideas | 2 Comments

Future Projection

This is a link to a projection which is tracking pretty true of the SPX which is the S&P 500 chart. If this continues we are going to see quite a drop.

Posted in General Comments, Uncategorized

Bounce to Resistance

I got it right today. The SPY bounced off of the 50% channel line and made it to the GAP. It may go to 121 in the morning before it rolls over. I say this because of the 38.2% Fibonacci. This … Continue reading

Posted in Daily Analysis

Swingprob

Swingprob… Swing Trader with an emphasis on high probability trades. I am watching for patterns that indicate a good set up. Some of my favorite patterns are Channels, Triangles and Head and Shoulders to name a few. I will try … Continue reading

Posted in General Comments, Uncategorized