Author: Edge Trader Plus

Wednesday Evening  21 July 2010  An editorial comment, first.  Our way of looking at the market, reading development of price and volume activity, is technical analysis at its purest.  We cannot know the...

Tuesday Evening  20 July 2010  Yesterday’s article is a bit amusing for saying that the market looked weak, then adding the qualifier: for the near term. [See S & P – Market Still Looks Weak,...

Monday Evening  19 July 2010  One of the primary ways to identify a trend is by observing a series of lower highs and lower lows, in a down trend.  That is very evident in the daily chart.  Price stalled at...

Sunday  18 July 2010  Not many look at charts beyond intra day and daily when assessing the markets. We are presenting the Quarterly and monthly charts, rarely viewed by most, because they portray the overall...

Thursday Evening 15 July 2010  It is really difficult to properly analyze a market that continually receives Fed support during options expiration week when the Fed pumps money into the system, an indirect support of the...

Sunday  11 July 2010  The past two day’s high end of rally look tenuous.  Two things jump out on the daily chart.  One: the last two bars kept getting smaller.  What does that mean? Both a...

Thursday Evening  8 July 2010  A long position was taken at 1034 on the intra day upside break out on Wednesday.  Half the position was liquidated at 1054 near the last half hour of trade on the same...

Thursday  8 July 2010  The 60 minute chart shows our entry from yesterday and where half the position was liquidated.  The upside targets have been identified, as well.  The next upside resistance is the 1067...

Wednesday Evening  7 July 2010  Confirmation as to direction was resolved shortly after Wednesday’s opening.  Focus was placed on a 10 minute and a 60 minute chart, and we used both to get long at 1034 after...