Friday, June 6, 2008
Thursday, June 5, 2008
Wednesday, June 4, 2008
So What Are The BEST Looking Charts Right Now??!!
Let's check out the 52 week highs list. Anything hitting new 52 highs in this crapfest of a market will takeoff once we get some stability. So let's keep track of those stocks.
Three Positions A Trader Must Take
A trader needs to know:
1. when to be long,
2. when to be short
3. and when to sit on his hands.
This week's trading clearly tells me to not waste too much energy chasing something that isn't there. The market is searching for direction right now. There is no momentum, no traction. It is not sure where it wants to go. There are too many mixed messages out there and hence the rallies are weak and the selloffs are unconvincing.
Cash is KING!
1. when to be long,
2. when to be short
3. and when to sit on his hands.
This week's trading clearly tells me to not waste too much energy chasing something that isn't there. The market is searching for direction right now. There is no momentum, no traction. It is not sure where it wants to go. There are too many mixed messages out there and hence the rallies are weak and the selloffs are unconvincing.
Cash is KING!
Tuesday, June 3, 2008
Monday, June 2, 2008
Saturday, May 31, 2008
Friday, May 30, 2008
Thursday, May 29, 2008
Tuesday, May 27, 2008
Mid Day Index Updates: Reversal Higher In The Cards
Buy signal on the DOW and sell signal on the SKF.
Monday, May 26, 2008
On Your Next BBQ, Instead Of Burgers and Steaks: Try Grilled PIZZA!!!
http://onedropspeaks.com/grilledpizza.shtml
Be creative.
It's easy, different and soooooo damn YUMMY!!!
THE ONLY CHART YOU WILL NEED TO WATCH.
I will keep weekly updates on this chart going forward. This will be our guide. If this chart plays out according to this setup, then i expect a BULLISH explosion towards the end of the year. Too many are calling out for a return of the bear market. This is excellent and exactly what you want to see in this type of pattern. I am going to make a bold call here and predict one of the biggest short squeezes this market has seen in a number of years.
Enjoy!
Sunday, May 25, 2008
Friday, May 23, 2008
Thursday, May 22, 2008
It's Amazing How Quickly Traders Are Eager To Get Short
Lots of bearish calls out all of the sudden after a few days of weakness and crude ramping. That tells me to expect a rally soon.
Wednesday, May 21, 2008
Monday, May 19, 2008
Sunday, May 18, 2008
A Gut Feeling
I have a gut feeling we are going to a climactic rally in crude oil this week. we could see a multi day rally that takes crude over 135. Gold should spike in sympathy as well. I hope not, but i just have this feeling. yikes!!!!!
Saturday, May 17, 2008
Subscribe to:
Posts (Atom)