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16 Dec
Posted by Sensei @ 11:34 pm | categorized under: Technical Analysis
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 really know [...]
30 Nov
Posted by Sensei @ 11:03 pm | categorized under: Nasdaq, S&P, Technical Analysis
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 in [...]
06 Aug
Posted by Sensei @ 10:24 am | categorized under: Alternative Energy, Trades
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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