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Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, August 13, 2010
Wednesday, August 11, 2010
Tuesday, August 10, 2010
PCLN
Seems like I recall a friend of mine reccomending Priceline back in 2006 at $30.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, August 4, 2010
Tuesday, August 3, 2010
MO
Buying more with tight stop
For the Web's best interactive charts, please visit http://www.Prophet.Net
VSI - daily with Fib Fans
Interesting how it has chugged along the 78.6% line for support. The $25 area may be a good place to set an alert to possibly cover shorts or get long.
Monday, August 2, 2010
Wednesday, July 21, 2010
Tuesday, July 20, 2010
MO - Countdown to lift off
Very Bullish on break above 21.53. EZ stop @ 21.05 if you want to get more now.
Monday, July 19, 2010
Friday, July 16, 2010
Thursday, July 15, 2010
The US Dollar
Weekly chart from 2007:
Daily 6 month:
Strong dollar governmentaly policy? I think not.
S&P daily pivots looking to bounce to bearish
Consolidation of the white and purple lines appears to be the bounce point for this latest 9 day bull run. If this is the case it definitely gives favor to the Bears as a Lower high will be put in at the 1100 level. If the Bulls fail and the downtrend stays intact the next point of interest will be the latest lows of 1010.
Breakout of 1100 or breakdown to 1000 and then 950? Either way market coiled to move 100 points in less than 9 days.
Tuesday, July 13, 2010
MO - daily
Note the lack of volume on the run-up from 20. This is what makes the 21.53 level so important. The volume will come on a break above pushing to 22.80 or a failure to break accelerating the move back to 19.48 with pit stops at the averages 20.35.
MO - weekly
Weekly cup with handle breakout above 21.53 would mena short term target of 22.80. Failure to break above 21.53 means filure of HUGE 2.5 year pattern and eventual failure of 19.63 to hold. See next post on daily chart.
Monday, July 12, 2010
QQQQ
I believe the washing machine will be the trade of choice over the next six weeks. A lot of overhead resistance with very little volume behind the latest bullish move.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, July 9, 2010
Wednesday, July 7, 2010
SHLD
Just plain ugly, but I cannot believe I've missed this short AGAIN. Set alerts, set alerts, & set alerts.
Tuesday, July 6, 2010
MAN
Interesting how the top dog labor company is floundering. Patternwise an inverted H&S may be forming the bottom of the right sholder. Looking to get long with a stop at 39.90
Friday, July 2, 2010
Why 950 S&P
Take note of the green vertical line in the green box which indicates an inverted H&S pattern. The target price from this pattern would be the height of this line which has been realized in the pink box. In other words the two veritcal green lines are exactly the same height.
A test of te breakout level is in order and should provide support for at least a short to mid term bounce. A break above the angled line in the pink box would nullify and be BULLISH to test and more than likely break above 1225 for the next leg to 1350.
A failure to hold 950 would mean a double dip to 666 and lower.
Thursday, July 1, 2010
Wednesday, June 30, 2010
Tuesday, June 29, 2010
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