Blog Archive

Tuesday, April 15, 2014

Tuesday

Looks corrective, but the blue handle could offer support.  See April 10

Friday, April 11, 2014

Friday

As I expected.  The question is will this support hold.

Thursday, April 10, 2014

Thursday

That grey fork has been an alternative for quite awhile.  Today dipped through the blue band, so I'm expecting a test of that lower tine on the gray fork. 

The yellow fork is history but the past few weeks look more like a correction than a top... If the gray fork fails there is very little to stop the market until 1730 except for some weak support levels near 1796 and 1770 but there is nothing solid.

What do you think? Was 1892.50 the top, or do you think we will pass 1900+ within the next few months.
I put this chart up to show why I agree with PermaBear Doomster.

Tuesday, April 8, 2014

Tuesday

How am I doing? 

The "Blue Band of Interest" was initiated on my charts back on February 20.  This range has held many assaults.

My target posted March  18 was a bit wide, but notice the top and bottom of the target did result in turning points. The market was in the beginning of a correction which lead to my confusion, but if you look at April 4 the significance of my wide range becomes apparent.

Currently I am still Bullish as long as the Blue Band continues to lend support, with an expectation of 1923 - 1933. 




Friday, April 4, 2014

Friday

Until the lower blue range is broken my target will remain 1923-1933

Thursday, April 3, 2014

Thursday


My original target of 1858-1886 was filled. The blue line of interest has continued to offer support. Until the market breaks 1823 (the blue line of interest) it will remain bullish - I have drawn a new target of 1923-1933.

Thursday, March 27, 2014

Thursday


Today's Feature