InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the… Continue
Added by Bryan Leighton on September 29, 2009 at 2:33pm —
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The Dollar Index bottomed, as far as I can tell, on 9/17/09 at a node value of .25554, nominal, which is 2.2% (((.25554/.25000)-1)*100%) away from ideal.
The action of the stock market, precious metals and the dollar are all driven by liquidity concerns, and the psychology relating to this. This is why they are tending to move somewhat together....
It should be noted that bullish wedges don't always produce fireball… Continue
I'm a total newbie to trading, but wonder if this news could present a shorting opportunity for oil producers? If so, which would be the best companies/ETFs to short?
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Well, it's more attractive, and you can see the slight bend in the trendlines. They approximate to straight lines over shorter time intervals, which is what everyone is taught to do...
Plotting price logarithmically gets you closer to this, and is simpler to do. It might be a dominant process over verylong time scales.
You can see the big overhead resistance for this rally, and should the market really fall here, there's very little existing below the old March '09 bottom. The largest resistance is just below 4000 on the DOW, and it ain't much....
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels… Continue
Added by Bryan Leighton on September 24, 2009 at 1:59pm —
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The screenshot of 'Clickcharts' a U.K. based, free charting service shows their 'Trend Indicator', which purports to show, based on price and volume, whether buying or selling should predominate. Sort of a volume weighted price oscillator. See also, the hourly chart of the $NDX. Some indicators are falling below the center line. The two charts basically agree. Let's see what happens… Continue
While there certainly could be a top here I think that to call one at this point would be pure speculation and guesswork. Picking a top is not advisable. There is some evidence that we are seeing the acceleration of the bull trend rather than its fading.
The scenario remains unusually bullish. We have an upside… Continue
Added by Steven Vincent on September 22, 2009 at 12:17pm —
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A friend of mine called me to say that another prominent technical analyst suggested that the Nikkei would go to zero in the next couple of years. While anything is possible, I had to ask the question, "Is it probable?"
The answer is "not likely." Instead, I took a look at the wave relationships and determined another scenario that suggests the Nikkei may live to fight another day.
Take a look and send feedback. I'll add to… Continue
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the… Continue
Japanese overnight interest rates are still lower that the U.S. (10 basis points versus 25 basis points). However, the three month Libor rates show that it has been cheaper to borrow dollars rather than yen. In addition, the yen has been appreciating against the dollar since 2002. So those having to buy… Continue
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the… Continue
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the… Continue
Added by Bryan Leighton on September 15, 2009 at 2:14pm —
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Markets continue to remain on the flat line as the dollar has floated lower. As we always say, lower dollar value gives the markets a bid. We are seeing this yet again today as the dollar gapped higher and has moved down to the flat line. Oil saw a very nice gap up only to sell off and go negative. However, due to the fall in the dollar, oil has moved back to the flat line. On the weakness in the dollar, gold has inched higher. Gold still remains around the $1,000 level. On the SPY chart, watch… Continue
The recent move in gold and silver may be an important top and the corresponding decline in the US Dollar may be a bottom in the making. On the other hand...…
This piece from FX Solutions I found to be a balanced explanation of the issue of the US Dollar as the new "Carry Trade" currency. I insert my own commentary in bold and bracketed. If you are interested in forex or the precious metals markets this is an important read.…