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Posts Tagged ‘consolidation’


Posted by StockRake on April 13, 2009 in Trades

Trimmed More Index Longs, Market Still Has Legs

I further trimmed my index longs at the close. Glad I waited till the close to do it. One or more days this week should end down, and if that doesn’t play out, then next week should do it. I’m trimming in front of the imminent pullback. Tomorrow I’m hoping for a gap up, and …

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Posted by StockRake on December 16, 2008 in Technical Analysis

SPX Chart I Didn’t Get To Post Last Night Because I Passed Out

This was the train track the SPX was chugging along as of last week. This is how the same chart this week is shaping up. The point of this is that this mini channel caused back in November 2007 signaled the beginning of a bear market. The SPX then had a bear market rally (didn’t …

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Posted by StockRake on November 30, 2008 in Nasdaq, S&P, Technical Analysis

SPX Trendline Support and Resistance

SPX is right around some major inflection point, but both the RUT, and the COMPX have considerable upside room which makes me think we are going to see the SPX break this trendline to the upside. After the break I think it will selloff to test the line causing a break even for the week …

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Posted by StockRake on August 6, 2008 in Alternative Energy, Trades

Waiting On The Day

I may or may not nibble on some longs. I’m having a slight change of heart only because yesterday was such a good day why ruin it with a forced trade right? Maybe wait till the close to be a buyer. I’m looking for a low range / high consolidation day today (open and close …

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