Bear flag on dollar down about to break
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.
Friday, February 19, 2010
UDN
Bear flag on dollar down about to break
For the Web's best interactive charts, please visit http://www.Prophet.Net
EUR/USD
Room to fall meaning rise in USD $$$$$$
For the Web's best interactive charts, please visit http://www.Prophet.Net
$SPX
Optiions expiry.....Lookout
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 17, 2010
Monday, February 15, 2010
Thursday, February 11, 2010
$SPX
Up to 1090 tomorrow and the week is merely an inside week butting up against FALLING moving averages...
Bearish until 1105 is taken out to the upside and then still have resistance at 1121.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Scaling out of long and looking to enter short in stages:
107.35
108.10
108.35
The thinking is that the affliction to the 200 hour moving average is too much of a coincidence to the gap fill of 108.43. This sets up an excellent short trade with a stop above 108.50.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GNK
Long for the long term hold with leaps
Stop - 17.94
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 10, 2010
$SPX - long term Fib Fan
Monthly chart with a Fibonacci fan line shows the downtrend and the importance of the current level. Take into consideration the monthly average and it's pretty easy to explain the markets oscilations of late and the increased volatility.
I see a short trade setup with a stop of 1105 or the monthly high.
A long setup using a small position size with the stop being just below the 200 SMA 1034. This is a bounce play and profits should be taken quickly.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 9, 2010
EUR/USD
All the talk on the Euro is the only thing proping the dollar up. It is not that America is stronger, but everyone else is getting weaker especially Europe. Somehow I find it comical that the US dollar will be viewed as a "safe" vehicle and I do not expect this sentiment to last. Look for precious metals to bounce and use your due dilligence on finding entry points on GLD and SLV on ascending trendlines.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, February 8, 2010
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