Recent content by tradesmart

A slight adjustment to take the top resistance line to 11305, but still within the triangle framework…. Now clearly of the ‘ascending’ variety that can have a bullish outcome, and the 145 triangle height hints at a similar target from the breakpoint…. Obviously a market in need of a catalyst...

Certainly did BB! – but 7 years bad luck if you break it ,so take care...... ;) Last Night:- The market seems to agree so far…….

Friday;- Close (for the first half of the session, anyway..!.... ;) ) A huge 40point gap up at the open, and the index following through with a surge up to and overlapping the combined resistance of the 11290 pivot and the top channel trendline… However, a post-lunch pullback from the small...

Yes Fruges, I gave that idea a chance, but it was quickly blown out by the little divergent H&S that formed at the 250 'top' today, quickly putting trading thoughts into short mode…. However, if we get some upside and it manages to break above the apex at 250, we may be calling the current...

Hi Jerry – I saw your chart on the Nasdaq thread and I agree that the Naz looks bullish for now – at least it held above the 2330 breakout level today having tested it as support…..and GOOG took a good step back from $400 resistance.... ;) A good day for YM/Dow traders as long as you didn’t...

Above 16/03/06:- Yesterday:- Well, the breakout north has happened, the only question is, can it maintain the bullish momentum for long enough to create a clean break…?

Could well be Fruges – I note that a trendline rising from the two prior lows would confirm the target A good trading day today, provided that you didn’t believe that the bearish close yesterday meant that it was all over for the bulls..! A ‘higher low’ early on gave a good long entry point...

23/03/06:- Not far out…. The triangle consolidation painstakingly created over 6 sessions was bound to give way with a “bang” and so it was; the price not even bothering to perform the traditional FED ‘whipsaw’ search for direction – just a falling knife…! The 100 target from the breakpoint...

No one ever went skint making a profit Mom ;), but try watching what the 9/16sma's are doing in different timeframes; you might find that you're staying in for longer in the right direction.. A 'U' shaped day today, with a bearish break of the formerly supportive rising lower triangle...

Volatile and still testing the triangle boundaries as support and resistance - some good tradable moves with over 150 points on the table today…. ‘Winding up’ towards the sharp end for a potentially explosive breakout….. :cool: Wait for it……. BANG….!!!!! :confused:

Just when the bears were setting GOOG up to fill the gap to $310…. Maybe the gap up to $425 is in more danger of getting filled now.? – right on the 61.8% retracement level of the downmove….. ;)

Last Night:- Yes....! A 75 point tank in 60 mins to start the day from the 10.00hrsET news (another ‘magic moment’..!) courtesy of the market’s bêtes noir – rising bond yields and oil prices; but the fall arrested by the lower triangle support line.. Just a guess yesterday, but generally...

Last Night:- All there today….a speculative triangle forming.. Not a bad day if you’d held long overnight from the 11295 gap-fill low PD RSI bottom, or got on board at the 9/16sma cross-over at the open believing that a 50 or 61.8% fib retracement of yesterday’s fall was possible (it of course...

Mom, if I knew the answer to that one and could sell it.....!.... :cheesy: I reckon that the market focus short term is the FED rates meeting on the 28th, and ahead of that we're going to see consolidation of recent gains; maybe a large triangle or similar...... I suspect that the market will...

Something for both the bulls and the bears today…… Looks like the big boyz wanted to pump it up high to dump it….! A 60 point pump followed by a 100+ point dump from the 11410 top, and a concerted effort to fill the gap at 11295 in the last hour…it was bound to be remembered… ;) Notable that...