Wednesday, June 30, 2010

50 ma monthly = support???


Very negative in the daily frame, but 5 ma monthly above 20 ma monthly = bullish signal longer term.

Tuesday, June 29, 2010

Trendline daily nq could be support...


Higher lows in the daily perhaps. Looking for longs in the area of the rising trendline.

Monday, June 28, 2010

200 ma daily to hold or not???


Same situation. The declining 5 ma daily is resistance and the 200 ma daily is support.

Friday, June 25, 2010

Thursday, June 24, 2010

Pullback, bounce, pullback...


It's a fight today between the rising 20 ma daily and the declining 5 ma daily. Same situation as yesterday. I prefer longs, target 5 ma daily.

Wednesday, June 23, 2010

First a bounce and second a pullback...


A nice example of working moving averages yesterday. Looking for longs today because of the rising 20 ma daily.

Tuesday, June 22, 2010

The resistance was there yesterday..


The lows of yesterday are longable because of the rising 20 ma daily. Waiting for signals in the smaller frames.

Monday, June 21, 2010

Friday, June 18, 2010

Tails in the daily candle..bull-bear fight...


A lot of volatility yesterday. 20 ma daily is 65 points away = extention for me = looking for shorts.

Thursday, June 17, 2010

Strong but vulnerable...


The smaller timeframes were strong but the
bigger timeframes dominate. Longs short term
are dangerous here.

Wednesday, June 16, 2010

5 ma monthly reached...


Strong rally yesterday but 1900 = cupline and the 5 ma monthly is there. Looking for shorts.

Tuesday, June 15, 2010

5 ma daily is support but 5 ma monthly is resistance...


The smaller frames are still moving between the 5 ma daily ( support ) and the 5 ma monthly
(resistance). The lows of yesterday and the 1830 area are key today.

Friday, June 11, 2010

20 ma daily is key today....



Shorts today because of the declining 20 ma daily and longs because the bulls were strong yesterday and the 5 ma daily is support now.

Thursday, June 10, 2010

5 ma daily was key yesterday...


Because of the rising 20 ma monthly I prefer to go long in the daily when I see some negative
extention.

Tuesday, June 8, 2010

Monday, June 7, 2010

20 ma @es was signal for the bears...



Daily frame (20 ma ) was stronger than the 60' frame. So the market came down but the monthly frame is still bullish = 5 ma above the 20 ma.

Thursday, June 3, 2010

20 ma @ym could be resistance today.


Not easy today because of divergence. Nq is stronger than ym. Looking for shorts because of
the declining 20 ma ym ( right chart)