Archive for May, 2012

  • Gold – a potential waterfall event
    Posted by on May 30th, 2012 at 9:22 am, Comments: 0

    Share on StockTwits   The Gold market is on the verge of declaring its next $250 move The major trend on the weekly chart has [...]

  • There is a difference between a good trade and good trading
    Posted by on May 24th, 2012 at 9:33 am, Comments: 0

    Share on StockTwits   Many novice pedestrian traders focus on the next position. Consistently success traders focus on the process and care little about the [...]

  • MAJOR top completed today in Russell 2000 & NYSE Composite
    Posted by on May 14th, 2012 at 5:12 pm, Comments: 0

    Share on StockTwits   The Head and Shoulders pattern signifies a major trend change. The Russell 2000 and NYSE Composite daily charts completed H&S tops [...]

  • A perfect example of how HFTs pick your pocket — courtesy of the CME Group
    Posted by on May 11th, 2012 at 10:50 am, Comments: 0

    Share on StockTwits   Pocket picking at the CME Group (@CMEGroup, $CME) — how the electronic futures trading platforms cannot control volatility creation by the [...]

  • So much for a buy and hold strategy on higher commodity prices
    Posted by on May 10th, 2012 at 2:40 pm, Comments: 0

    Share on StockTwits   Pictures speak louder than words   By the way, do you know why base metals such as Tin and Aluminum (and [...]

  • Why high/low/close bar charts have become worthless
    Posted by on May 8th, 2012 at 11:56 am, Comments: 0

    Share on StockTwits   In the modern era of trading, the intraday violation of a chart boundary line has become meaningless There was a time [...]

  • Head and shoulders tops near completion in the NYSE Composite and Russell 2000
    Posted by on May 6th, 2012 at 7:11 pm, Comments: 0

    Share on StockTwits   These H&S tops are mini versions of the same patterns completed last August — and they could result in similar outcomes [...]

  • Gasoline prices: 2012 vs 2008
    Posted by on May 4th, 2012 at 11:24 am, Comments: 0

    Share on StockTwits   “Those that cannot remember the past are condemned to repeat it” George Santayana, 1906 Oh, how soon we all forget! See [...]

  • Precious metals are at “do or die” spots on charts
    Posted by on May 3rd, 2012 at 12:48 pm, Comments: 0

    Share on StockTwits   On April 24 I posted a blog stating that Gold was within a week or so of declaring its next $250 [...]