Wickipedia SL is subjective for individual i would say below 62, but can tolerate more only will put 10 shares into it
Just about 18 hours ago, i posted ITB chart to issue an alert on potential breakout or resistance based on RSI indicator as the price has been ranging since Dec 2012! And it seems that the "dump money's" hope was SHATTERED when KB Home released their quarterly report. Didn't we bail out the Fannie Mae & Freddie Mac? On top of that, Fed has came out with all...
9 days ago, my XLF post shown that price has broken down the 2009 uptrend line twice in 3 months. To add matter worst, we have a 2 consecutive weekly close for the recent break down. Technically, i find this really unhealthy even if Mdm Y decides to do something to push the price back into uptrend line
There are several choices of BTCUSD to choose from, i will just post the one in Bitstamp as a representative Since 2012, there has been a crazy chase of Bitcoin until the "dump money" get burned at the top of 1100, that was when price get into an accelerated channel into the euphoria state. Once the accelerated channel cools off, price attempted to break out of...
i am waiting for new high :-) But bearish divergence is giving serious warning on monthly chart So time to bid farewell to Nikkei bulls and welcome Nikkei bears?
about a month ago, i shorted amazon. and now collecting full profits many followers deem i am crazy for shorting a break out, but my emotional indicator told me its 70% safe to short. Ever since then i hold the contract for my dear life Some hiccup happen and price started to reverse, my followers ask again, its going up.. i still told them, thats was noise, and i...
The total number of companies in the Value Line Composite Index hovers near 1650-1675, and is composed of the same companies as The Value Line Investment Survey®, excluding closed-end funds. The Value Line Composite Index has two forms, the Value Line Geometric Composite Index or the Value Line Arithmetic Composite Index Many reports said that Warren Buffett, the...
1 months ago, while shopping around i noticed that price of Lumber futures was at the top of the current triangle. I shorted it and now, almost a month later.. i am collecting my little profit. Price is SITTING on the support now! Lets see if the lower triangle can hold the falling price... Hold your seatbelt tight!
There is a wick for selling P.S. bearish bias
I am more comfortable buying at channel bottom, though bullish divergence potential emerges
After Aber announced another round of QE, Nikkei 225 shoot to all time high BRIEFLY flirting with 18000 intraday and then couldnt maintain the momentum into year 2015. It is still too early to say that we have an island reversal + evening star as i need to wait until Jan 2015 monthly candle to conclude. As you can see the next all important support will be the...
12 days ago, i said that it was a BIG DEAL when this pair broke the multi-year red channel and engaging in green channel. I put a resistance at 1.00076 as a short reference. I hope you would have shorted it . Don't forget that i expected some retracement down to the blue region before the uptrend continue.but i didn't expect the retracement is done in a day...
The index includes approximately 2,200 stocks of companies in 46 countries, from both developed and emerging markets around the world Frankly, i don't think the weakest in EEM stocks are enough to break this 2009 uptrend line, the developed markets do not fare very well which as a whole contributed to the broke down. QE4 coming?
One of the four asia dragons, South Korea isn't doing any good compare to JPN and CHN. It just had one big bear flag, and now another one developing plus the fact that price was rejected by 200ema twice. Due to insufficient date, the support region is extended from 2011. Will Korea follow the footstep of Jpn & Chn to reduce rates or their version of QE to avert...
Base on 2009 trend channel, still uptrend Base on 2011 trend channel, still uptrend (provided the lower purple channel provide support!) Base on current situation, short term downtrend channel Still room for some bulls at the major resistance?
As you would have known by now, the backbone of my analysis is base solely on Channel and Chart pattern. Using monthly chart, my main objective is to incorporate price action as completes as possible inside a main channel. (Might not be possible sometimes). Most of the time, it would be pretty noticeable to find some chart patterns within a main channel. A...