Wednesday, March 23, 2011

Irony in charting

Sometimes, when I bring up old charts with trendlines that have been living on these charts for a long time, for so long that I cannot even recall then reason why they got on the chart on the first place, it is nice to see market behavior when such trendlines are touched.


Two bigger yellow trendlines ( outlining “horn”) were on that chart since the beginning of 2010 and the one in the middle was drawn in October 2010.  Dumb luck again, but that was a big part of my decision to ease down on short (long puts) position I was holding.


Wednesday, March 16, 2011

TeleCharts2000 SALE EVENT (ENDS March 21st)

Worden is running unadvertised sale available through affiliates (which I am - AFCode  638 )  for NEW  TeleChart 2000 (one of the best, most reliable real time charting packages on the market, not to overlook unparalleled scanning/programming capabilities of TC/StockFinder )

If you buy 8 months of service – you get extra 4 months free, that is 50% BONUS!


You have to call 1-800-776-4940, give them AF Code  638  to receive this outstanding offer!

Sunday, March 13, 2011

Sunday, March 06, 2011

Roller Coaster Ride



We wished for some action – we got it, some think we’d better be careful what we wish for next time.

15 minutes SPX chart looks similar to ER chart of the patient having ceasures and I am glad I was not anywhere near it.




4 hours chart still hints on potential wave A, I will not discount possibility of wave 5 being extended.