Wednesday, November 04, 2009
Monday, November 02, 2009
Sunday, November 01, 2009
Saturday, October 31, 2009
Thursday, October 29, 2009
Beware Another Failed Head and Shoulders
Here is the thesis...
1) A decline is underway and is expected...
2) We have a valid H&S bottom that measures to 1230...
3) We had a failed head and shoulders top - highlighted in first rectangle...
4) It looks like we are repeating that pattern now...
5) We may hold 1020 and then continue higher for another leg up, like we did when the other h&s failed...
6) That would allow the 1230 target to be met and also allow for the over bullishness that could generate a real decline...
Apart From the Crowd - 10-30-09
Wednesday, October 28, 2009
Tuesday, October 27, 2009
Monday, October 26, 2009
BIDU - Looking Like S&P 500 Circa July 2007
I see that BIDU declined after hours. I put together this chart a couple of days ago and I thought to myself, "Boy, this looks similar to the double top that formed on the S&P500 circa the 2007 highs..." We'll see if the 20 day EMA holds...
Sunday, October 25, 2009
Saturday, October 24, 2009
Friday, October 23, 2009
Thursday, October 22, 2009
Wednesday, October 21, 2009
Tuesday, October 20, 2009
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