Tuesday, April 24, 2012

Something to take notice of.

I pointed out a while back to watch this level because of the past pattern playing out in the markets. We have reached that level.


Current Chart


Wednesday, April 18, 2012

Say hello to the "Fat Finger" pattern!

This is an Hourly chart but I have seen this pattern play out on nearly every time frame from the 1min to the weekly. 

This pattern can also be used for an up side move. I will point one out the next time I see it come along. But basically you just flip the fat finger pattern and ride the slow decent up instead of down. 



SPY


UUP / US- Dollar


SLV Chart. For those who like to trade Silver. 






Wednesday, April 11, 2012