Tuesday, August 31, 2010

The daily remains weak...


We lost again the 5 ma daily...the lows of the previous week could be target now. Asia was weak tonight.

Monday, August 30, 2010

5 ma daily in play today....


If the 5 ma daily is strong enough today, the 50 ma and the 20 ma daily are target.

Thursday, August 26, 2010

Extention is gone...


5 ma daily in play again. Waiting for a pullback to go long. ( 1785-1780)

Wednesday, August 25, 2010

50 ma monthly was and is perhaps again support...

Same situation as yesterday. Looking for longs.
Defensive traders wait for cross 5 ma 60' and 20 ma 60'.

Tuesday, August 24, 2010

50 ma daily hit and reverse...


A bearish daily in a bullish monthly. Looking for longs ....target the declining 5 ma daily.

Monday, August 23, 2010

A lot of moving averages are resistance...

5 ma daily is again key today.
50 ma daily is target if the bulls are strong enough and on the other hand is the low of friday target for the bears.

Friday, August 20, 2010

Thursday, August 19, 2010

20 ma daily again to much for the bulls...


The smaller frames move between the 5 ma and the 20 ma daily = short-situation but the monthly is bullish.

Tuesday, August 17, 2010

Friday, August 13, 2010

Thursday, August 12, 2010

The trend is your friend...one of those days...


There were supportarea's but the smaller frame was stronger than the bigger frame yesterday.
A trendday down was the result. Looking for longs because of extention.
!!Correction: scalps short in the chart must be scalps long!!

Wednesday, August 11, 2010

5 ma daily was stronger than the Fed...


Fed brings stocks back from depths
Stocks finish down but well off their lows of the day after the Federal Reserve says it will keep rates low and continue to make cash available if the economy fades.
Fundamental news can affect the market but the 5 ma daily was the judge yesterday.

Tuesday, August 10, 2010

5 ma daily, to hold or not?


The pullback is there but we see al lot of rising moving averages and horizontal support.

Monday, August 9, 2010

daily still in an uptrend...


Bullish and the highs of the past week could be target, but don't chase the market. Wait for a pullback to take longpositions.

Monday, August 2, 2010