Stock market analysis trying to determine future market direction. All charts and commentary on this blog are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing.
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Tuesday, April 13, 2010
Longer Term Top?
Looks like were in a ending diaganol or wedge pattern to complete this leg higher. target for tomorrow is 1207. I"ll be adding shorts if we get their tomorrow. Yesterday the VIX closed below its 2.0 Bollinger Band which confirmed a buy signal today. I bot some VXX
my goal with this blog is to keep it simple using key indicators to remain in the trend whether it is up or down. I like to swing trade holding postitions from 3days to 6months. I like to use 13/34 ema's on all different time frames. Also I use the MACD histogram and channels and trendlines.
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