9/9/10

Technical patterns

The market keeps trading between two important levels: 1040-1120 (click on the chart to enlarge it).

The S&P 500 is now close to 1120. What's next?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

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1 comment:

Stock said...

Boatload o Charts

Enjoy, Sign up as a follower. The new moon is acting, the prior ratio chart extreme values have pretty much clocked out although a day or three more of Frog Boil could certainly occur.

Black swan are delivered by cruise missile on the weekends and holidays.

I rarely do the XLF chart, but first time I put the PRS 133 on it and it looks bearish.

I think HBB will continue to move money around, ramping particular issues, hitting short stops, and then after enough bears are just ready to "wait this one out" a few near limit down days in a row, maybe 3 of a 5 day week.

http://oahutrading.blogspot.com/2010/09/boatload-ocharts.html