Last important top and important low with false breakout. Click to zoom in.
Saturday, July 25, 2009
SPX - Possible False Breakout?
Last important top and important low with false breakout. Click to zoom in.
Friday, July 24, 2009
I had to keep my money and my mental sanity
I had to cover! My priority goes for equity, I had to keep my money and my mental sanity.
Not easy to digest this one...
I´ve trade short for the last nine weeks, allways respecting the zig-zag price was doing. Shorting on new highs, covering between 11 and 21 ema.
Last week we´ve tracked several time-frames: daily, weekly and monthly. When S&P500 holds 870 I´ve suspected they will manage to test the highs, or even the 968. Definately, 980 was "out of sight"!
They finally closed above some key levels so now I have to wait. I need to see some confirmations of the end of this move...
If they can close positive today i think they´ll still manage to go higher till 990, 1014 or even 1050/70.
The Bears no to clean this mess fast, or they will definately give control to the bulls.
If we watch carefully all the down move since 2007, we can easily argue that two weekly closes above 958 or one monthly close above it will "kill" the previous trend.
Again, the Bears need to do something, and fast...
Not easy to digest this one...
I´ve trade short for the last nine weeks, allways respecting the zig-zag price was doing. Shorting on new highs, covering between 11 and 21 ema.
Last week we´ve tracked several time-frames: daily, weekly and monthly. When S&P500 holds 870 I´ve suspected they will manage to test the highs, or even the 968. Definately, 980 was "out of sight"!
They finally closed above some key levels so now I have to wait. I need to see some confirmations of the end of this move...
If they can close positive today i think they´ll still manage to go higher till 990, 1014 or even 1050/70.
The Bears no to clean this mess fast, or they will definately give control to the bulls.
If we watch carefully all the down move since 2007, we can easily argue that two weekly closes above 958 or one monthly close above it will "kill" the previous trend.
Again, the Bears need to do something, and fast...
Thursday, July 23, 2009
Covered Shorts
Covered all position.
Above 968 ndx 1582 dax 5160 I don`t have to stay there.
I don`t want to losse all the gain that I made in the last 4 weeks because I did not expect this moviment above 968.
More Later after close new update.
SPX 972 (23)
NDX 1594 (17)
DAX 5250 (1)
EUROSTX 2581 (1)
IBEX 10335 (1)
Above 968 ndx 1582 dax 5160 I don`t have to stay there.
I don`t want to losse all the gain that I made in the last 4 weeks because I did not expect this moviment above 968.
More Later after close new update.
SPX 972 (23)
NDX 1594 (17)
DAX 5250 (1)
EUROSTX 2581 (1)
IBEX 10335 (1)
Wednesday, July 22, 2009
Two Charts the Same Ideia
Little change since the last updates daily and hourly, time to do other important things. In the last bull market AAPL had a performance very similar to spx. Two charts the same ideia. Just before the start of a bear market performance relative to spx increased greatly. This is another sign that this is a bear market rally. The performance of AAPL over the last few weeks should indicate that the Top of spx be an important reference for the coming months maybe years. Rally May 2008 the performance / crazy then also the AAPL was great and the result was horrible in the months following. I believe in this and other reasons should be close to a Major Top leading the spx to new Lows.
Tuesday, July 21, 2009
First of all I would like...
First of all I would like to thank everyone who has participated in recent weeks in this blog. This blog was created with two objectives very clear.
Develop and improve my reading on the market, and second exchange experience and knowledge with those who love the market as much or more than me.
In recent weeks I have tried within my knowledge to help all who visit this blog. The analysis wasn`t always perfect. Who follow this blog should know that I`m only responsible for my trades.
Who follow table of trade repairs that were never open long positions in recent weeks. In the last three months 90% of my trades were short positions. Until now defend that this is a bearmarket rally and we will see new lows again.
Mybe take 3 months, 6 or 1 year, but I believe we will see new lows in coming months.
Right now I haven`t very high exposure in markets.
But if the market continues to rise I will not tolerate it.
I will covered all my short positions.
Tomorrow after the opening of the European market, new updates SPX, NDX and dax.
Now time to relax.
Monday, July 20, 2009
Sunday, July 19, 2009
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