Friday, January 15, 2010
DAX pattern
This is very similar to the one on FTSE 100 which has turned too noisy today due to econ news. Therefore I am posting this one which may be the EU reference for US opening.
Tuesday, January 12, 2010
Interesting setup at FTSE 100 - Updated
EOD UPDATE:
I think they will buy this dip into the opening of US session at least for a while. Nevertheless this setup is interesting since FTSE 100 was among the strongest indices in EU....
I think they will buy this dip into the opening of US session at least for a while. Nevertheless this setup is interesting since FTSE 100 was among the strongest indices in EU....
Sunday, January 10, 2010
Find the difference....
We need to be careful with this pattern as a flat MCOS on rising price means an important move is being baked and it is not necessarily up.
Friday, January 08, 2010
If they can buy -85K non farms and 10% unemployment, thay can buy anything
and I mean anything....
So if you are not the kind of "close-your-eyes-and-press the buy button at every dip" trader you'd better stay away of this market. It is not that is being manipulated , as that always happened, it is something else, and it is ominous. I am not sure what it is but for sure this is not a technicals driven market, it has been a political driven market for many months (Time's man of the year was the king of pumping, not a business guru, so the economy hero was not a real wealth creator but just a Market Maker at best). Expect political events to be the turning points. Why do they need to pump this thing even without participation (no volume)? May be they need market (and consequently public opinion) support to the Obama Care stuff. If that is the case, we should wait till it's done to re evaluate markets.
-"Why dont you just shut up and follow the trend , which is up???".
Cause I don't break my trading rules which won't allow me to buy such a bad market (from a technical POV). I guess many other investors and traders are avoiding buying these prices too if the amazing lack of volume (especially on a break out) is of any guide. As a sum up, I don't want to be part of it, so I' ll be sidelined until this government requires less help from higher stock markets prices to survive or till is dead.
Just one more thing: nothing, absolutely nothing is for free in Economy nor is it at the markets so you can be 100% sure that all these excesses are going to be paid as 2003-2006 excesses were, I don't know exactly when but I know for sure who is going to pay them..... do you need an explanation for that....? Dig up a little in recent history....
Ps. Bulls may be really comfortable in this market, and it is the way to go short serm wise but don't forget 12-31-2009 session's last 30 mins steep selloff, that is part of the market too and is absolutely possible anytime.
So if you are not the kind of "close-your-eyes-and-press the buy button at every dip" trader you'd better stay away of this market. It is not that is being manipulated , as that always happened, it is something else, and it is ominous. I am not sure what it is but for sure this is not a technicals driven market, it has been a political driven market for many months (Time's man of the year was the king of pumping, not a business guru, so the economy hero was not a real wealth creator but just a Market Maker at best). Expect political events to be the turning points. Why do they need to pump this thing even without participation (no volume)? May be they need market (and consequently public opinion) support to the Obama Care stuff. If that is the case, we should wait till it's done to re evaluate markets.
-"Why dont you just shut up and follow the trend , which is up???".
Cause I don't break my trading rules which won't allow me to buy such a bad market (from a technical POV). I guess many other investors and traders are avoiding buying these prices too if the amazing lack of volume (especially on a break out) is of any guide. As a sum up, I don't want to be part of it, so I' ll be sidelined until this government requires less help from higher stock markets prices to survive or till is dead.
Just one more thing: nothing, absolutely nothing is for free in Economy nor is it at the markets so you can be 100% sure that all these excesses are going to be paid as 2003-2006 excesses were, I don't know exactly when but I know for sure who is going to pay them..... do you need an explanation for that....? Dig up a little in recent history....
Ps. Bulls may be really comfortable in this market, and it is the way to go short serm wise but don't forget 12-31-2009 session's last 30 mins steep selloff, that is part of the market too and is absolutely possible anytime.
Thursday, January 07, 2010
Absolutely shameful - No comments....
Wanna know some of the reasons for the banks rallies , read this
from Zeroedge:
from Zeroedge:
Tim Geithner "Protects America From Itself" By Forcing Elimination Of Material AIG Disclosure
Might AIG Escape Prosecution for (Allegedly) Cooking the Books?
Wednesday, January 06, 2010
Bearish ST pattern on SPX
Yes , we believe this market is due for a correction. We know it has been said a zillion times during this incredible rally threfore we thought is better support our views with more varied and different findings. This is a ST pattern that I like particulary. Now is setting up again. If volume ever comes back to market then there is a high probability for it to work out soon.
Very dangerous high!!!
Be careful bulls !!!! it can reverse very easily
Bears: heads up, this may well be IT :)
Bears: heads up, this may well be IT :)
Tuesday, January 05, 2010
Monday, January 04, 2010
Sunday, January 03, 2010
VIX pattern update
If you remember this post you can see below an updated chart. It shows both the support level and very likely the expansion cone patern are working out nicely. since VIX is close to fill a daily gap, we can expect to have some pullabck down before another leg up.
Friday, January 01, 2010
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