Monday, 19 March 2012

Looking at the week ahead

                                   ES_after Friday's close_click to enlarge


The up auction continues with anxiety running high at quarter end and S&Ps up almost 12% for the year.


Last week of March is the most bearish of the month_ so possible consolidation or even a nasty one day shake and bake action_ which would produce some new patterns for us to trade.


Remember, price predicts the future_not investors. 

Have a great week.

Saturday, 17 March 2012

wrestling with revenge


If there is one emotion that is completely void of the essential quality of good sense, tolerance, accurate thought and wisdom, it is that emotion we call revenge. It quickly derails one from his definite chief aim, causes a loss of focus, drains one's vital positive energy and ultimately self sabotages one's own journey towards achievement.

And so it with us in trading, when caught in destructive quest to satisfy our desire for revenge, it blinds our ability to think accurately, become productive and lose sight of our goal.

Friday, 16 March 2012

IRE_for your review

                             click on the chart to enlarge it


                         
                     http://finviz.com/quote.ashx?t=IRE&ty=c&ta=0&p=d


The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

quadruple witching


                                        be prepared

Wednesday, 14 March 2012

As per your request Bob, this is one way of doing it.


                                  click on the chart to enlarge it