For the Web's best interactive charts, please visit http://www.Prophet.Net
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.
Saturday, October 10, 2009
GS
If Goldman Sachs is leading the market the next few ETF charts explain a VERY bullish case. Even more the reason to be cautious.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, October 9, 2009
RIMM
If you were scared to get RIMM long on the 200 day EMA bounce you have 2 more chances to get in:
Buying more on breaks above:
69.20
71.42
Setting tight stop $0.06 below yesterday's low = $67.54
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, October 8, 2009
Wednesday, October 7, 2009
Great post from Traderfeed
http://traderfeed.blogspot.com/
Bottom line when you are WRONG in ANY relationship it costs until YOU change your way of thinking and adapt to the situation.
Bottom line when you are WRONG in ANY relationship it costs until YOU change your way of thinking and adapt to the situation.
Tuesday, October 6, 2009
AAPL
Hmmm, am I seeing things? AAPL sporting a similar pattern to the tech bubble bust on a monthly. Notice the difference in volume and that:
Oct 07 - up
Nov 07 - Down
Dec 07 - Up
Jan 08- oops
Is it uncanny that AAPL is at the identical price it was in October 07?
Shorting a few out of the money above $192 and will add more as approach 200-202.
For the Web's best interactive charts, please visit http://www.Prophet.Net
VZ
Long
29.90 stop
target = 32.05
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
BREAKOUT!!!
Take some profits and look for retest of 100.45 area as well as secondary uptrend in green.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, October 5, 2009
EUR/USD
Euro pulling the market higher as the dollar falls.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, October 2, 2009
GLD
All this talk about currencies devaluing nationally and internationally leads creedence to the MASSIVE inverse H&S pattern on GLD as seen in dotted red. One way to derive a target from this pattern is to draw a line from head to neckline as seen in green, duplicate it and then move it to the top of the necline as seen in green again. Curiously, that matches up with a fib fan line as well as a longterm Fib 161.8% line for a target of 130-135.
Okay, from 65 to 95 took a year, will 100 to 135 take a year?
FYI: Jan 2011 $110 Calls cost about $6.60 per contract.
That's 456 days with a stop below the 20 week SMA 94.20 as a break would negate the pattern.
Thursday, October 1, 2009
Stockpickers Quarterly Update
Bruno has made an astounding move to catch up and bring the Long category within 1% in the 3rd quarter. But getting creamed on the Short category for now as AMZN's upward move may be coming to an end this quarter.
POT
Trying to pick up some POT below $87.50
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, September 30, 2009
$SPX
Why the range 1040-1080 is so important.
If you run a Fib retracement between the linger term Fib lines of 1014 and 1121 you can get an explanation of the latest price movements:
1080 and above is top third
1067 is the middle
1040 and below is lower third
Remember sideways action is also consolodation and can be viewed as Bullish.
Bottom line it is dangerous to get outright short until 1040 is solidly broken and even then suppot lies very close at 1014.
For the Web's best interactive charts, please visit http://www.Prophet.Net
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