Thursday 8 October 2009 Price rallied, once again, on Thursday to turn the intra day trend back up and reaffirm the daily trend as up. Some may argue up, we say sideways. There are too many things wrong...
Read MoreThursday 8 October 2009 The reasoned analysis of the short term S&P trade from Wednesday is an excellent example of no matter how one views a market, always be prepared for it to be wrong, and the best way to do...
Read MoreTuesday 6 October 2009 The higher end close on Monday argued for a higher high on Tuesday, and themarket did not disappoint. Price gapped higher, using the day session data, and rallied to anticipated resistance,...
Read MoreMonday 5 October 2009 The 120 minute chart shows a confirmed trend down as of Friday, once the 30 September low was broken, 1041 area. That gave the green light to go short, which we did at 1038. Friday’s...
Read MoreMonday 5 October 2009 A picture being worth a thousand words, here is a three thousand+ word article. We have liked the short side of the British Pound for a few months, and we have made money,...
Read MoreWednesday 30 September 2009 The short position from 1059 was covered at 1055 when the market rallied without respite all morning. Today ended the 3rd Quarter and end of the month for the charts. The Qtrly...
Read MoreTuesday 29 September 2009 We are of the mind that the S & P is changing from an up trend to at least a sideways direction, in a transition to a renewal of the down trend. Market activity appears to be...
Read MoreMonday 28 September 2009 Sellers remain absent. The trend is at a resistance area, unless sellers refuse to enter the market tomorrow or price will continue higher. Always wait for...
Read MoreSaturday 26 September 2009 There are many important lessons to be learned about the markets, some are more important than others. One that is often overlooked by many is to wait for confirmation before acting. ...
Read MoreSaturday 26 September 2009What a weak week! The Pound dropped sharply, and short positions from 163.77 paid off. Half the short position was covered just under the 161 previous support area, and a...
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