Monthly Archives: September 2008

9-17-08: What is going on with the Stock / Currency Market?

Posted on September 16th, 2008 by
Weekly Percentage Based chart of all markets

Where are the markets going?  We had our worse down day since Sept 11.   What is in store for us.

Let’s let the charts tell us what is going on.

Below is a weekly chart of the percentage movement for the S&P, Dow, Nasdaq.    Green is the Dow, Brown is the SPX, and blue is the Nasdaq.    Observe that the Dow is still more bullish then the other two markets.    In fact, if you look back in time, the Dow has typically been on a higher percentage than the other two markets.   This may change but this has typically been the case.

Below are the monthly Ichimoku charts for all three markets

For the INDU (Dow), price has hit the top of the kumo cloud now.    This is a major support area.   If price starts to go into the Kumo cloud, we are going to experience a lot more consolidation.   Remember, this is a monthly chart.    Notice, the last time we were in the cloud was back in 2001…..

For the SPX, …
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9-16-08: EURCHF (Currency) : Trade Exited

Posted on September 16th, 2008 by

I have not had a chance to update the status of this trade.   Profit targets were reached so the trade was exited.

For EDUCATIONAL USE.    Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose


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