Category Archives: Uncategorized

Bears Making a Case, Burden of Proof is on the Bulls

Since November/December 2010 when the market cleared the all important pyschological hurdle of the whole number (1200), the bulls have ignored any suggestion of being overbought and overextended.  Trying to determine where the high resistance point lies and when the … Continue reading

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Searching for Answers(Levels)

Most technical oriented speculators are looking for possible levels the market may run into for resistance.  I say resistance versus saying looking for support areas because it seems the market keeps marking its support level as it goes higher.  We … Continue reading

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Using Tools of Context to Determine Trader Intent

As Speculators, we use Tools of Context to assess the underlying “story line” of the market.  There are four tools of context we utilize when attempting to understand the sentiment (story line) of traders intent:  straight line support/resistance, accumulation/distribution, classical … Continue reading

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Trader: H&S Top? Market: Nope!

The H&S top pattern we noticed on the 60M chart (all session) from Friday 31Dec10 is considered invalid by today’s price action.  As noted we were looking at 1257 as the point of interest. Obviously Monday’s (03Jan11) price action traded … Continue reading

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Facebook Surpasses Google as Most Visited Site in 2010

Talk about “speculative investments”…. Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction. The deal … Continue reading

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Ending the Year with a Bang (and a warning sign?)

The market (of note: our market is the e-mini S&P 500) went out with a bang! and possible signal??   The market gapped down on the open and slipped below our support line at 1250 to touch 49.50 if only for a brief second … Continue reading

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Leadership, Follow-er-ship, and Trading

What an awesome demonstration as it relates to the dynamics of leadership and follow-er-ship.  Who really is in control?  Who actually turns the tide from an idea to an overwhelming phenomena – the leader or the first follower? This demonstration can also be … Continue reading

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