Archive for April, 2009
Next Entries »Dow Jones Reaches Pinnacle Point of Resistance
Wednesday, April 8th, 2009With America’s economy seeming to have some level of influence in the world economy, I thought it would be brilliant to see what the Dow Jones (DJI) chart looks like. Last week the XAO closed on an area of a pinnacle point (see last post). Should it break up we are likely to see alot [...]
Bearish Chart Pattern – Double Top
Monday, April 6th, 2009The end of this week saw the XAO break above the 12 month down trend channel. Does this mean we can expect the XAO to climb higher? Not yet. Though it has broken free of this channel it is still being held down by a strong weekly support. If this resistance is respected once again, [...]
Bottom of the Market?
Friday, April 3rd, 2009There is a lot of talk about this being the bottom of the market. So how do we really tell when a bearish stock has become a bullish stock? In previous posts I have spoken about peaks and troughs. Higher Toughs (HT) are an indicator the bulls are in control as each low is higher [...]
BXB – Broken Support lines
Wednesday, April 1st, 2009In small term trading, a go of 2-5% on the price of a stock can produce brilliant results on most styles of trading, options, cfd’s etc. When referring to a clear go, small term traders are looking for that 2-5% go without anything to slow down the stock, such as trend line support or resistance. [...]
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