Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[Dentalfloss]

a clearer veiw of the nas 100.same chart config as posted before.
showing tha we are 1 box away from major res area.ie 4% ish
so nas 100 showing same sort of characteristics as the s500..i think

 

[wallstreet1928]

considering I pay a lot of importance to gaps on my geometric trend line analysis, I thought this would be an interesting read for those interested

Gaps and Gap Analysis - StockCharts.com


the time frame I sue to trade with is

FTSE 100 - 8.00 - 16.30
S&P - 14.30 - 21.00

just in case people are wondering why i have so many gaps in my charts

 

[wallstreet1928]

a clearer veiw of the nas 100.same chart config as posted before.
showing tha we are 1 box away from major res area.ie 4% ish
so nas 100 showing same sort of characteristics as the s500..i think

thanks for the analysis dentist , i've been mulling over the Nasdaq chart .!!!

 

[wallstreet1928]

Big day for earnings this week chaps

JP Morgan, Goldman Sachs and Intel will be surprising the market
http://www.marketwatch.com/news/story/More-hopeful-glimmers-economic-data/story.aspx?guid={76196A77-1751-465B-AFBE-A5063FBBBAE5}



so what do people think about the "mark to market rule" ?
Mark-to-market accounting - Wikipedia, the free encyclopedia

I call it a legalised process of cooking the books if you ask me..........

InTheMoneyStocks - Economic and Earning Alerts

 

[N Rothschild]

ur info is incorrect. tues is goldman sachs and intel, thursday jp morgan.

 

[wallstreet1928]

ur info is incorrect. tues is goldman sachs and intel, thursday jp morgan.

Oh right.............yes i got it wrong, today is the 12th!!

earning are on the 14th .......

thanks for pointing that out my friend

can you post link to the correct economic calendar

thank you

 

[N Rothschild]

there ya go, Bloomberg.com: Earnings

 

[dawntrader1]

thanks for all the info guys ...keep up the good work!!

 

[wallstreet1928]

I am long S&P 849.9 ...stop loss 846.9

target 855-860


I have waited for 850 to hold from last night and it has held up well post asian market session

previous resistance has become support - light blue horizontal line

 

[bennie83]

WS, i think you have your fib in the wrong position. forgive me if i've misinterpreted your chart, i'm just learning, but i read that to forecast a chart after a high, the fib must be started from the top, not the bottom (constance brown - technical analysis).

Hi there, was reading your message about fibonacci retracements and as far as I can see Wallstreet 1928 is spot on with his charting (unless I'm missing something or their are different ways to plot a graph?). See this video which shows how to plot a fibonacci retracement.

Hope that helps.

 

[wallstreet1928]

Hi there, was reading your message about fibonacci retracements and as far as I can see Wallstreet 1928 is spot on with his charting (unless I'm missing something or their are different ways to plot a graph?). See this video which shows how to plot a fibonacci retracement.

Hope that helps.

link to video please my friend

 

[bennie83]

considering I pay a lot of importance to gaps on my geometric trend line analysis, I thought this would be an interesting read for those interested

Its difficult to tell between Runaway Gaps and Exhaustion Gaps don't you think??!

 

[bennie83]

link to video please my friend

Forex trading using Fibonacci

 

[wallstreet1928]

considering I pay a lot of importance to gaps on my geometric trend line analysis, I thought this would be an interesting read for those interested

Its difficult to tell between Runaway Gaps and Exhaustion Gaps don't you think??!

yes indeed my friend

 

[wallstreet1928]

Forex trading using Fibonacci

good video, thanks

 

[wallstreet1928]

I am long S&P 849.9 ...stop loss 846.9

target 855-860


I have waited for 850 to hold from last night and it has held up well post asian market session

previous resistance has become support - light blue horizontal line

taken 10 points profit .......not going anywhere and I'm concerned about oils spike up(somethings brewing.....)

i will now wait until market opens and place my trade

 

[wallstreet1928]

taken 10 points profit .......not going anywhere and I'm concerned about oils spike up(somethings brewing.....)

i will now wait until market opens and place my trade

I knew i could smell something fishy ............


Oil just went bungee jumping ........down $2 in 30 mins ...........!!

 

[wallstreet1928]

GM's preparation of possible bankruptcy is the only explanation for Oil falling and gold spiking.......

any other explanations welcome


http://www.marketwatch.com/news/story/GM-preparing-possible-bankruptcy-report/story.aspx?guid={9BE2FACB-AE20-4915-ACC0-382664116BBC}

 

[bottomleyp]

OIl Price Fall

Oil price fall due to the IEA cut to 2009 global Oil Demand forecast

 

[wallstreet1928]

Oil price fall due to the IEA cut to 2009 global Oil Demand forecast

yes that news came out last night and I thought that news had been factored in after the oil price fell from $51.8 to $50

and then went back up again to $51.7