tag:blogger.com,1999:blog-32000635243197187572011-11-27T18:53:39.022-05:00Commentary on the financial markets.Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.comBlogger81100tag:blogger.com,1999:blog-3200063524319718757.post-55355243562417612192011-08-31T09:04:00.000-04:002011-08-31T09:28:39.436-04:00

Flash crash type of potential? Click Image To Enlarge The chart basically demonstrates the current structures that are in place. It doesn't mean they have to stay that way. This is just what has been built off Lucifer's 666 trough from March of 2009. As long as the rally isn't over (longer term), then this structure is good. Although, for this structure to continue, a trip down to the 1070's

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com0tag:blogger.com,1999:blog-3200063524319718757.post-46987613852118742072011-08-30T08:22:00.006-04:002011-08-30T10:12:54.554-04:00

Not much to say because... The chart speaks for itself. Click Image To Enlarge Pay attention to the fibs and the massive head and shoulders from 2007... And yes, that's a weekly line chart and not the usual candlestick you see from me. I find using line charts frequently aids in eliminating some of the noise from candlestick charts. Who knows if that is right but we will find out soon enough

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com0tag:blogger.com,1999:blog-3200063524319718757.post-90906367072776291302011-08-29T06:55:00.004-04:002011-08-29T08:11:00.809-04:00

Straight up, I don't have the highest confidence in this at this time. Take it for what it is worth. I would like to see more first. By the end of today, I hope to have a better idea. But here we are on a Monday morning. There's a channel I have drawn up in yellow that I feel will get fulfilled today. The channel could be wrong but here it is in all it's glory, along with what I think will

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com2tag:blogger.com,1999:blog-3200063524319718757.post-7148714947949013842011-08-27T23:39:00.002-04:002011-08-28T01:02:42.242-04:00

Friday was a bit volatile and crazy, but went as I expected. How did I do? Click Image To Enlarge From Friday morning: My technicals suggest about an 1151 open with a little down move to 1143-1144, with an incredible rally the rest of the day up to 1194. The market opened up a few points higher than I expected,went a few points lower than I expected, and didn't reach my target for the end of

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com0tag:blogger.com,1999:blog-3200063524319718757.post-26054438676976459982011-08-26T09:13:00.002-04:002011-08-26T12:32:19.090-04:00

Today is likely to be a big day, no matter which way it goes given that "The Bernank" is doing his little show. My technicals suggest about an 1151 open with a little down move to 1143-1144, with an incredible rally the rest of the day up to 1194. Click Image To Enlarge How likely is that scenario? These days, it seems the most unlikely scenarios are the norm. Regardless, today could be as I

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com0tag:blogger.com,1999:blog-3200063524319718757.post-22956105706201271862011-08-25T06:44:00.000-04:002011-08-25T06:49:08.456-04:00

The chart below is probably worth a little study if you haven't drawn this out for yourself yet. It's an 11 year chart of the SPY. Many people talk about this as "the big head and shoulders" but never really give any targets for where it resolves to. Click Image To Enlarge Any head and shoulders (H&S) should eventually resort in a bottom with an inverse head and shoulders (trough). It is these

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com0tag:blogger.com,1999:blog-3200063524319718757.post-86975983473177373992011-08-24T19:11:00.006-04:002011-08-24T23:43:41.381-04:00

My thoughts on where we are headed... Click Image To Enlarge Yes, I have an incredibly volatile move up to 1260 ahead of us. This is what I see, right or wrong, given the current time. Stage one has us returning to around the area of the previous relative high, 1210-1215. Stage two has us moving down to 1165 area. Stage three has us moving back up to the 1235 area. Stage four has us moving

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com3tag:blogger.com,1999:blog-3200063524319718757.post-27833878762608464312011-08-24T19:10:00.000-04:002011-08-26T19:28:49.423-04:00

Range Riderhttp://www.blogger.com/profile/09938933259118936522noreply@blogger.com