Setting up in a bearish looking flag pattern. Watch out ALL assets if this starts to breakdown!! We could see a huge rally in the markets, oil, gold as inflationary pressures are back on the table.
Followers
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(543)
-
▼
July
(47)
- Art Of Trading Service Performance For Week 16
- SPY: Black Candle Printed
- CYOU Short Setup
- Index Chart Analysis
- Protection Of Capital First, Making Money Second
- QQQQ: Potential Topping Out Situation
- A Closer Look At The Indexes
- Two Setups To Watch
- Weakening Rally
- A Member Did A Review Of My Trading Service
- Stocks To Watch Next Week
- The Aggressive Portfolio Is Up Over 64% In 15 Week...
- Art Of Trading Service Performance For Week 15
- UUP Chart Updated
- Sell Signals Surfacing
- Great Testimonial From a New Subscriber!!
- GMCR Setup
- UUP Bouncing Off Support
- UUP Bear Update
- CTRP Gaining Momentum For a Breakout
- Setups To Watch Next Week
- Pictures Of My Lil Lady and Me
- Art Of Trading Service Testimonial
- Art Of Trading Service Performance For Week 14
- I Miss Switzerland!!
- Two Setups To Watch
- CrossHairsTrader Blog
- Breakdown in US Dollar!
- Trading Is 99% Mental
- Art Of Trading Service Testimonial
- FUQI Setup: Ready To Squeeze!
- More Awesome Pictures Of Oregon
- US Dollar Index Bear Flag!
- SPX Update
- Charts I'll Be Watching Closely Next Week
- Art Of Trading Service Update
- Art Of Trading Service Performance For Week 13
- ICE TRADE In Review
- OIH and ERX Updates
- GS Rolloing Over
- Tech Power Stocks Collapsing!!
- Inspired By Oregon
- Spending July 4th Weekend At The Oregon Coast
- Tech Power Stocks On The Verge Of Collapse
- Art Of Trading Service Performance For Week 12
- Simple Is Beautiful
- Recent Stock Picks
-
▼
July
(47)
Cool Traders/Sites
- ART OF TRADING Premium Site
- Charting Trends blog
- Denarii
- Finance Trends bog
- It's Gold
- Keep Unread Blog
- LaserTrader
- momentum trader
- My Trader Interview
- Mystic Stocks
- NYC Trader
- Rant About It Blog
- stock rook goes pro
- Stock Virtual
- StockPursuit.com
- The Market Guardian
- thecrosshairstrader
- Todds Trade
- trader market blog
- Trader9999 blog
- Trading Momentum blog
- Trading With Average Jay
- Wall Street Warrior
13 comments:
Nice chart. Thanks for taking the time to post it up there. Will make me watch my shorts alittle closer.
I get a huge yck out of all the bearclownz on Twitter. All trying to relive the glory of last year. Kinda like those 2005 homebuyers trying to get 2005 prices. That was then, this is now. I'm long and leveraged.
I like your blog btw and your ability to see what is there, not what you want to be there. Carry on.
txchick:
2008 was a feeding frenzy for the bears and i must say that i personally had my best year ever trading in 2008. but this year it's different, and you feel like many 'perma bears' are trying hard to bring back the 'good ol days' but the charts say the bulls are not gonna go away for WHATEVER reason. the bulls keep defending precious territory.
hi avg. jay: i will keep posting all charts i deem important to try and figure out this market: i post bearish and bullish charts in ORDER TO MAKE MONEY and that's my ONLY purpose.
Watching TBT for a trade.
Exactly. I get really tired of the bitching about the PPT/Goldman in the last 30 minutes every day etc. Folks, IT'S FREE MONEY! You know it's going to happen - ride along! If you were driving behind a Brink's truck that was spewing out $100 dollar bills, would you refuse to pick them up because they were littering the highway?
What happens the day the PPT doesn't show up to save support and you bet good money on them being there?
I have a hard time taking the "PPT end of day futures buying to save the market set up" as reliable. It's a total crap shoot to think it'll happen on big down days. Last week (twice) was the first time in a LONG while that I believe they actually showed up. Their repo desk hasn't had any real firepower left in it for a while now.
I generally agree w most of yr posts but this looks like more of a basing pattern to me. The fact that MACD and RSI keeps holding strong seems a bit more bullish for the dollar.
But yes it could easily fall off
hi green: we should see resolution within the next few days! It should be fascinating regardless of the outcome. from a purely technical standpoint, this is a bearish chart in my eyes. lol.
Took your fuqi at 15.80. Most excellent. Nice of you to give these for free.
are you on my twitter?
good stuff TXchick. FUQI looks great here.
Yes, I'm following you.
Post a Comment