Trading Techniques   

Trendlines

S&P500 hit a high of 1104.73, as suggested. It is possible to come up with exact targets only occasionally. Case in point was yesterday with a nice inverse H & S setup which allowed the projection.

The move up was pretty strong, i am expecting a consolidation tonight before any further moves up. Its like a chess game - now its the markets turn, let us observe over the next few days for further clues to future action. Feel free to contribute your ideas as well, we're all learning here :)

trendlines      ( Date: 03-Feb-2010 00:15) Posted: S&P500 rebound underway. Here's the target http://trendlines618.blogspot.com/2010/02/s-short-term-target-1104.html

 

Here comes the Shanghai rebound. Let us see if it can make the 3050 target over the next few days

trendlines      ( Date: 02-Feb-2010 22:39) Posted:   SPX 5-min RSI moving up, but still in no mans land. Any more buying over this week will trigger an overbought divergence and set up a wave 3 or c. Shanghai composite is on support and may be correcting upwards slightly: http://trendlines618.blogspot.com/2010/02/shanghai-composite-bouncing-on-support.html

 

S&P500 rebound underway. Here's the target

http://trendlines618.blogspot.com/2010/02/s-short-term-target-1104.html

 

 

You are right alex, it is too early to tell. SSEC was sitting on a major support channel line. The form and velocity of the rebound will give us clues as to whether its sustainable or not. So far, my bets are on the short side :)

US markets facing major headwinds. Will see some profit taking tonight, but a higher rebound is possible later this week.

 

It is still too early to know if this is a short term rebound.

But I'll definitely keep a close eye on the charts.

 

US Markets due for a short-term rebound shortly, and this is based on SENTIMENT analysis.
You may find this an interesting tool:
http://trendlines618.blogspot.com/2010/02/us-markets-almost-due-for-rebound.html

Hulumas, i have to add that the Shanghai composite rebound is most likely very short-term. Probability of more downside in the next few weeks is high. I could be wrong.

 

Yes, I think so!

trendlines      ( Date: 01-Feb-2010 14:42) Posted: Shanghai Composite: Expecting a rebound http://trendlines618.blogspot.com/2010/01/shanghai-composite-expecting-rebound.html

 

Shanghai Composite: Expecting a rebound

http://trendlines618.blogspot.com/2010/01/shanghai-composite-expecting-rebound.html

 

Bombay Sensex: Sensing a decline to 15400 before rebound:
http://trendlines618.blogspot.com/2010/01/bombay-sensex-sensing-decline-to-15400.html

There is a more interesting pattern setting up on a longer term scale. I will probably post when the time is right later this year.

Meanwhile, appreciate your feedback guys :)

 

Hello chaps,

Here i will be sharing with you my analysis from time to time, to help my own trades as well as to learn from your feedback. I concentrate only on high volume country indexes, and the tools used are trendlines, elliot waves and fibinacci retracements.

For starters here's an analysis of Hang Seng Index - a Head and Shoulders in action:
http://trendlines618.blogspot.com/2010/01/hang-seng-index-head-shoulders-pattern.html

with a target of 19200.

Welcome your feedback.

Trendlines