Blog Archive

Thursday, August 20, 2015

Thusday

I was wrong, about the support near 2070, but I'm hoping I was right about the support near 2020.

Wednesday, August 19, 2015

A playground for disaster.

Years ago I found Think or Swim and had a blast with my ability to write studies.  The more color and graphics the better.  I could test nearly any imaginable formula.  It was a playground for disaster.

I just read this article about charting weather, and it brought to mind these days of folly. 
http://www.realclimate.org/index.php/archives/2008/05/how-to-cook-a-graph-in-three-easy-lessons/

I'm still bullish even though today is down 25 handles.  It would not surprise me if we end the day with a long tail.

Saturday, March 14, 2015

14-03-2015

These bullish forks were drawn long ago.  Nothing has changed. 
This is a best guess at the USD.  It appears to be coming into an area of resistance, but there is little to base the forks on right now.
Gold appears to be near support.  This may go hand in hand with the USD.  I'm not a fundamentalist, but I'm keeping an eye towards any news from the IMF for clues.
Oil has been bearish and will have trouble breaking through resistance at 54 and 78.  It's probably going to trade within a range of 34 to 54

Thursday, January 29, 2015

Thursday 29-01-2014


Easy Head and Shoulder

Here's an easy way to figure Head and Shoulder targets.  
  • Using a channel with an additional channel set to -1 
  • Draw between the two low points on either side of the Head, and set +1 at the top of the Head
  • Then using a Time Line place a vertical line down from the peak of the Head
  • Next draw a Target Price Line at the intersection on the Time Line and the -1 Channel line.

Saturday, November 1, 2014

Saturday

I was wrong to say the trend had changed.  I should have trusted the forks.  2040 is still looking like a good target.


Thursday, October 16, 2014

Thursday

I have redrawn my forks to be as bullish as possible.  If broken the target will be the magenta trend line.  1600 +/-50 handles.
Resistance lies above at 1900.

Today's Feature