$NDX and $VIX

We are getting some support at the support 1 pivot, atleast intraday
support that is. I'm hopig for a rally before markets open. Asian
markets crashed, but if there's one thing I know it's that the US
market does not care what Asia does. Asian markets follow US futures,
I'm nearly 100 sure that's the way it is.

I also think the bear on Friday was quite tame. The bears weren't
even able to extend price below the initial trading range, but the
bulls took it over for more than a few hours. Plus, using market
profile it seems that the longer time frame buyer was more active than
the longer time frame seller.

If we do crash down today, I imagin we're in some serious trouble.

Travis

2009-03-03 03:59:57 UTC

Post by fantastic4
We are getting some support at the support 1 pivot, atleast intraday
support that is. I'm hopig for a rally before markets open. Asian
markets crashed, but if there's one thing I know it's that the US
market does not care what Asia does. Asian markets follow US futures,
I'm nearly 100 sure that's the way it is.
I also think the bear on Friday was quite tame. The bears weren't
even able to extend price below the initial trading range, but the
bulls took it over for more than a few hours. Plus, using market
profile it seems that the longer time frame buyer was more active than
the longer time frame seller.
If we do crash down today, I imagin we're in some serious trouble.

Now that we are below support practically everywhere except Naz, do
you think we will get the volume necessary for a wash out? Down,down
down?

Dogon566

2009-03-03 19:08:08 UTC

Now that we are below support practically everywhere except Naz, do
you think we will get the volume necessary for a wash out? Down,down
down?

The $VIX is finding resistance at the top of the triangle after flat
lining most of the trading session. It may reqiure some significant
news to move the markets today...or we'll have to continue wait.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100789&a=138587146&listNum=1

Travis

2009-03-04 04:21:29 UTC

Now that we are below support practically everywhere except Naz, do
you think we will get the volume necessary for a wash out? Down,down
down?

The $VIX is finding resistance at the top of the triangle after flat
lining most of the trading session. It may reqiure some significant
news to move the markets today...or we'll have to continue wait.http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100...- Hide quoted text -
- Show quoted text -

I see nothing but selling into bounces. No support and selling
inventory at 710-715.

fantastic4

2009-03-04 07:47:39 UTC

Interesting that the VIX is dropping

Travis

2009-03-05 04:31:47 UTC

Post by fantastic4
Interesting that the VIX is dropping

Yes, it is dropping, but how much confidence can we put in that,
especially with financials continuing their descent.

Dogon566

2009-03-05 21:56:18 UTC

Post by fantastic4
Interesting that the VIX is dropping

Yes, it is dropping, but how much confidence can we put in that,
especially with financials continuing their descent.

Selling pressure today in the $NDX is huge. As the open of 1094.45 is
near the intermediate fib line (1080.02) and the high of the day is a
meger 1105.53. The previous trading day Monday and Tuesday of this
week found support at or near 1080.00 today (Thursday) is no
exception....we need a close below this area to continue the daown
trend.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p23129100...

Dogon566

2009-03-05 22:41:01 UTC

Post by fantastic4
Interesting that the VIX is dropping

Yes, it is dropping, but how much confidence can we put in that,
especially with financials continuing their descent.

Selling pressure today in the $NDX is huge. As the open of 1094.45 is
near the intermediate fib line (1080.02) and the high of the day is a
meger 1105.53. The previous trading day Monday and Tuesday of this
week found support at or near 1080.00 today (Thursday) is no
exception....we need a close below this area to continue the daown
trend.http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p23129100...

Well, well,well higher and higher is the path of the $VIX as today's
trading session closes at 50.17...nearly 2.61 difference than
yesterday's close. The open today is 47.56 and the high of the day is
51.95...(4.39) difference from the open. The low of the day is 46.98.
The closing candle formation is a morning star pattern. The fib
retracement is at the intermediate area 46.84 however with the close
above it by....nearly (3.33) the next logical target is the 38.2%
(54.72) area.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100789&a=138587146&listNum=1

It appears that resistance was meet as the price action reached the
52.00 area. It hard to gauge the direction of the next move with
overseas market looming in the distance....I would'nt hold any
positions overnite.

http://www.freetradingvideos.com/vlog/default.asp?category=1

fantastic4

2009-03-06 02:30:38 UTC

Interesting that the TRIN remained bullish all day. Friday could be a
good bounce day.

fantastic4

2009-03-08 00:15:32 UTC

Great place for a bounce in the markets, sitting on support with a
doji.

Travis

2009-03-08 03:24:03 UTC

Post by fantastic4
Great place for a bounce in the markets, sitting on support with a
doji.

That doji is very interesting and from a TA standpoint I'd like to
see
a higher low and then a rally.

Travis

2009-03-10 01:37:53 UTC

Post by fantastic4
Great place for a bounce in the markets, sitting on support with a
doji.

That doji is very interesting and from a TA standpoint I'd like to
see
a higher low and then a rally.

According to TA, we are at a "last chance to bounce" support area.
http://www.freetradingvideos.com/vlog/default.asp?Category=1

s***@hotmail.com

2009-03-15 00:41:45 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Travis

2009-03-16 21:47:44 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go. http://www.freetradingvideos.com/vlog/default.asp?category=1

Dogon566

2009-03-16 23:53:18 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965723&a=160452275&listNum=1

BTW.... videos for today...

http://www.fibonacciqueen.com/public/650.cfm

http://www.freetradingvideos.com/vlog/default.asp?category=1

Travis

2009-03-18 04:31:31 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965...
BTW.... videos for today...
http://www.fibonacciqueen.com/public/650.cfm
http://www.freetradingvideos.com/vlog/default.asp?category=1

I'm waiting for the ES to test some real resistence at 800sh.

Travis

2009-03-19 00:52:55 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965...
BTW.... videos for today...
http://www.fibonacciqueen.com/public/650.cfm
http://www.freetradingvideos.com/vlog/default.asp?category=1

I'm waiting for the ES to test some real resistence at 800sh.- Hide quoted text -
- Show quoted text -

The next couple of days is crutial for a test of resistence
http://www.freetradingvideos.com/vlog/default.asp?category=1

Travis

2009-03-20 23:48:42 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965...
BTW.... videos for today...
http://www.fibonacciqueen.com/public/650.cfm
http://www.freetradingvideos.com/vlog/default.asp?category=1

I'm waiting for the ES to test some real resistence at 800sh.- Hide quoted text -
- Show quoted text -

The next couple of days is crutial for a test of resistencehttp://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

Looking for another test or lower swing high then I'll be shorting.

Travis

2009-03-24 03:15:15 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965...
BTW.... videos for today...
http://www.fibonacciqueen.com/public/650.cfm
http://www.freetradingvideos.com/vlog/default.asp?category=1

I'm waiting for the ES to test some real resistence at 800sh.- Hide quoted text -
- Show quoted text -

The next couple of days is crutial for a test of resistencehttp://www.freetradingvideos.com/vlog/default.asp?category=1-Hide quoted text -
- Show quoted text -

Looking for another test or lower swing high then I'll be shorting.- Hide quoted text -
- Show quoted text -

Perfect gap fill on a 30 day 30 minute chart. That equates to hugh
overhead resistence. I would be carefull about going long tomorrow.

Dogon566

2009-03-30 21:43:00 UTC

Most banks seem to be hitting resistance. Monday seems like a good
day to continue back down.

Yep, We hit resistence and down we go.http://www.freetradingvideos.com/vlog/default.asp?category=1

Interesting day in the markets. $SPX is trading into possible
resistance at the fib 38.2% (763.76) area closing with a possible
shooting star candle. If we close below the 750.00 mark tomorrow maybe
this will be the begining of the next down leg.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33248965...
BTW.... videos for today...
http://www.fibonacciqueen.com/public/650.cfm
http://www.freetradingvideos.com/vlog/default.asp?category=1

I'm waiting for the ES to test some real resistence at 800sh.- Hide quoted text -
- Show quoted text -

The next couple of days is crutial for a test of resistencehttp://www.freetradingvideos.com/vlog/default.asp?category=1-Hidequoted text -
- Show quoted text -

Looking for another test or lower swing high then I'll be shorting.- Hide quoted text -
- Show quoted text -

Perfect gap fill on a 30 day 30 minute chart. That equates to hugh
overhead resistence. I would be carefull about going long tomorrow.- Hide quoted text -
- Show quoted text -

The $NDX traded downward in the early morning trading session. The
open is 1261.68 and the high of the day is 1267.27...(very meger high)
as the bearish sentiment pressured price action to it's low of the day
1248.87. The closing candle is a bearish harami. The fib retracement
is slightly above an intermediate level (1237.23) as today's close is
1251.47....which did hit our first support level. If the downward
movement continue into next week we may breach the 1237.23 area and
reach the 8 sma (1232.74)...we will have wait to see if this will slow
the downward momentum.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p23129100789&a=139546771&listNum=1

Great video of today's trading session.
http://www.freetradingvideos.com/vlog/default.asp?category=1

Travis

2009-03-31 18:01:08 UTC

Post by Dogon566
The markets reflect mixed sentiment as news from various sources
impact the markets. The QQQQ's open at 27.49 and climbed to 27.98
during mid day trading before descending to a low of 27.39. The
closing candle is a gravestone doji . The fib retracement is slightly
above the intermediate (26.64) area.http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p23129100...
The $NDX traded similar to the QQQQ's as it opened at 1110.94 and
reached a high of 1135.45. The low of the day is 1110.94. The closing
candle is an inverted hammer. The fib retracement is near the
intermediate (1090.02) area.http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p23129100...
Both the $NDX and QQQQ's are reflecting more bearish than bullish
sentiment....as economic news continue to mount we may see a
continuation in downward movement or maybe some sideways movement.
This site has great videos with good technical analysts:http://www.freetradingvideos.com/vlog/default.asp?category=1

Dogon566

2009-04-04 02:28:06 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
several trading videos to watch before going into next week:

http://www.freetradingvideos.com/vlog/default.asp

http://www.fibonacciqueen.com/public/677.cfm

Dogon566

2009-04-08 01:51:21 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm- Hide quoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261861&a=139546771&listNum=1

http://www.freetradingvideos.com/vlog/default.asp?category=1

The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.

Dogon566

2009-04-16 01:43:36 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hide quoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.
http://www.freetradingvideos.com/vlog/default.asp?category=1

Dogon566

2009-04-21 21:29:24 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

Today trading the $SPX was mixed as traders attempt to digest good
news in the tech sector...among which Oracle's possible purchase of
Sun Microsystems and United Tech. beat Street estimates. The rising
wedge pattern is continued on the daily,,,however the intraday
pattern
is bullish...but for how long???
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p43569477360

Dogon566

2009-04-24 01:36:47 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

Markets are showing signs of "doubting recovery " as it megerly rise
in near market close trading. The closing candle is a hanging man
resting on the 20 sma. There is a good chance the market will go up
some tomorrow, however it's not certain how far and if it will close
higher. The fibonacci retracement 100% area has been breached and
continue to loom poised for a pullback. For more on fibonacci and
market analysis check this out:
http://www.fibonacciqueen.com/public/696.cfm
and
http://www.freetradingvideos.com/vlog/default.asp?category=1

Dogon566

2009-04-25 01:05:34 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

Well I have'nt post in a while so let's do it.....the open of the $VIX
is 36.86 and the high of the day is 37.53. The low of the day is
36.37. The closing candle is a doji. The fib retracement is 0.0%
(36.83) area as today's close is 36.82. The 8 sma (36.79) was breached
today as bullish pressure in the broad market drove the $VIX
lower...news driven as earnings from the auto makers and finanical
banking institiutions report better than expected news.

http://finance.yahoo.com/news/Wall-Street-finds-little-apf-15029489.html?sec=topStories&pos=1&asset=&ccode=

Continued chart analysis reveal a possible divergence between the MACD
and rising price action...the misaligment of the two could give
traders reason to caution trading long or holding long as next week
approach.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=138587146&listNum=1
http://www.freetradingvideos.com/vlog/default.asp?category=2

Dogon566

2009-04-30 21:39:02 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

The QQQQ's appear to be showing signs of weakness like much of the
market today. The open 34.37 ( small gap up over yesterday's close )
and the high of the day 34.90. The low of the day is 34.04. The
closing candlel is spinning top doji. The fib retracement 100.0%
(33.87) is severly breached as resistance is meet at the height of the
trading session today. The 200 sma (34.10) is acting as support as
price action yesterday and today pierce the upper wedge line briefly
before declining to close within the wedge near the apex.

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p23166021504&a=144506253&listNum=1

http://www.freetradingvideos.com/vlog/default.asp?category=1

Now... bad news for the bears...today's close is still above 33.90
(yesterday's closing price) not allowing for a new lower low...this
coupled with the next possible support area at the 8 sma (33.46)
awaiting to be meet as price action moves lower.

Dogon566

2009-05-12 01:47:50 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequotedtext -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1-Hide quoted text -
- Show quoted text -

The QQQQ's appear to be showing signs of weakness like much of the
market today. The open 34.37 ( small gap up over yesterday's close )
and the high of the day 34.90. The low of the day is 34.04. The
closing candlel is spinning top doji. The fib retracement 100.0%
(33.87) is severly breached as resistance is meet at the height of the
trading session today. The 200 sma (34.10) is acting as support as
price action yesterday and today pierce the upper wedge line briefly
before declining to close within the wedge near the apex.
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p23166021...
http://www.freetradingvideos.com/vlog/default.asp?category=1
Now... bad news for the bears...today's close is still above 33.90
(yesterday's closing price) not allowing for a new lower low...this
coupled with the next possible support area at the 8 sma (33.46)
awaiting to be meet as price action moves lower.- Hide quoted text -
- Show quoted text -

The $TRAN traded lower today as the market digest news from last week
and no significant news today. The open 3348.85 is the high for the
day as well. The low of the day is 3202.19...a difference of (146.66).
The closing candle is a large bodied bearish contiuation candle. The
fib retracement 61.8% (3120.20) area did not get breached today...as
the closing price action remains above this area at (3221.73).

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=6&dy=0&id=p43569477360&a=153542855&listNum=1
http://www.freetradingvideos.com/vlog/default.asp?category=1
As the $TRAN continue to move lower ( the $INDU also) the significance
of it's price action is not apparently clear yet...as the other
indices ($SPX and $NDX) did not move as low nor close as
low....especially the $NDX which usually lead the markets.

Dogon566

2009-05-21 01:33:56 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequoted text -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1- Hide quoted text -
- Show quoted text -

Today the QQQQ's traded above the 35.00 area to reach a high of
(35.04) after an open at (34.54) and a low of (34.18). Trading was
mixed as early trading witnessed the market move higher before it's
decline near the close to it's lower levels to close at
(34.28)...which is below (34.40)... the significance of which is an
area of support for several trading sessions including yesterday. The
closing candle is an inverted hammer type candle resting slightly
above the 20 sma (34.06) and next target is the 8 sma (33.87) if the
downward movement continue. The fib retracement is 100.0% (35.25) area
which never factored into today's trading session.

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=7&dy=0&id=p10209390052&a=144506253&listNum=1
http://www.freetradingvideos.com/vlog/default.asp?category=1

Tomorrow will be interesting as the FOMC meeting will play a decisive
role in how traders digest and react to the information derived from
the meeting... it's uncertain at this point which direction the
markets will take....patience is warranted.

Dogon566

2009-06-09 21:26:47 UTC

- Show quoted text -

The markets are up today. I wonder is it because of the G-20
summit...Hmmm...may be this explains the $INDU reaching 8000...we
have'nt seen this area since 1980's. GS (ticker symbol) is up as
well...I wonder if the markets can continue this rally. I've selected
http://www.freetradingvideos.com/vlog/default.asp
http://www.fibonacciqueen.com/public/677.cfm-Hidequotedtext -
- Show quoted text -

Let's take a look at the $NDX...as today it opened at 1294.41 and
reached a high of only 1296.35. The low of the day is 1268.79 a
difference of (-25.62) from the opening price. The closing candle is a
large bodied spinner...resting on the 8 sma (1270.10) as it is acting
as support for the moment. The fib retracement is near the
intermediate (1263.68) area as today's trading session witnessed more
bearish trading. The 1270.00 area appears to be area of concern as
trading retraced upward shortly after breaching it...and the smaller
time frame chart (10 day 15 min) reveals an unfilled gap between 1270
and 1250....as the 200 sma (1267.33) lay in wait as a possible support
point.
http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=0&mn=6&dy=0&id=p02447261...
http://www.freetradingvideos.com/vlog/default.asp?category=1
The temporary support areas reflected in today's trading session may
not be enough to contain the continued downward pressure of the
$NDX...however overly bearish sentiment is not reccommended
either.- Hide quoted text -
- Show quoted text -

Watching market internals like the $VIX it appears that a major
support area 36.00 is next to be breached if the markets react
positively to more economic data, however I'm placing a lot of faith
in the that happening.http://www.freetradingvideos.com/vlog/default.asp?category=1-Hide quoted text -
- Show quoted text -

Today the QQQQ's traded above the 35.00 area to reach a high of
(35.04) after an open at (34.54) and a low of (34.18). Trading was
mixed as early trading witnessed the market move higher before it's
decline near the close to it's lower levels to close at
(34.28)...which is below (34.40)... the significance of which is an
area of support for several trading sessions including yesterday. The
closing candle is an inverted hammer type candle resting slightly
above the 20 sma (34.06) and next target is the 8 sma (33.87) if the
downward movement continue. The fib retracement is 100.0% (35.25) area
which never factored into today's trading session.
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=7&dy=0&id=p10209390...http://www.freetradingvideos.com/vlog/default.asp?category=1
Tomorrow will be interesting as the FOMC meeting will play a decisive
role in how traders digest and react to the information derived from
the meeting... it's uncertain at this point which direction the
markets will take....patience is warranted.- Hide quoted text -
- Show quoted text -

The markets continue to close higher in light of the overbrought
conditions in the RSI and the Stochastic's...however the MACD
divergence looms in the near distant as a warning that market
conditions can change at any moment.
http://www.freetradingvideos.com/vlog/default.asp?category=1

http://www.fibonacciqueen.com/public/745.cfm

Dogon566

2009-06-17 00:58:39 UTC