Archive for August, 2009

On the 15 minute chart this is how the battle was fought: We shall watch overnight as China open’s and Japan continues to react to its “Change you can believe in” to see if the 1020 supports overnight. Thank you for subscribing.
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First a little commercial:  More and more work at TTTHedge.com and Redliontrader.com will be done on Twitter.   You can follow me and get a Twiiter account at: http://twitter.com/redliontrader or tom at http://twitter.com/tomandprisha.  I update our indicator status during the day so that we can better understand the underlying sentiments.  In addition Tom posts his...
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For a few days now we have been watching this sell signal develop with the crossing intraday reversed three days in a row.  Last Friday the close was not strong enough to reverse the damage and a crossing of our indicator was confirmed. Two days below the cyan line is an even stronger sell...
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Good morning – August 28th. This morning’s price action review: The TF futures (Russell 2000) emins is the chart I am showing here.   I have switched to the futures for tracking indicies because so much of the technical work now is down after hours.  Our highs and lows and corrections now occur in the...
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Just ran my scans.. Here is 5 candidates for scalping. Thank you for subscribing.
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There was no sell signal because the bulls rallied the markets back up… soon, but in the mean time act as bear but behave as bull.. We will have to sell off from these overbought conditions at some point. Thank you for subscribing.
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Our NYSE is continuing to show weakness.  Part of our conviction on the market moving down was the weak price action of the last couple of days. Today's morning sell-off followed by a rally back in the afternoon tells us this market is not ready to go down, at least not without a fight....
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The number of stocks above their 40 day moving average is above 85% which is way into overbought territory.  Historically a move of this indicator below its 21 day moving average has generated a successful sell signal.  Today we are closing in on the signal.. Stay tuned.. Thank you for subscribing.
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Tom asks me if I see any weakness and I confess I can only see strength here in both the 52 week new high and 10 day Hi-lo indicators.  The Zwieg shows a thrust as strong as the previous thrusts that seem to impart a momentum that is hard to stop.  The price action...
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Our new 52 week highs changed momentum a couple of days ago, and Friday’s strong thrust and a weak preceding 5 days make it highly probable that we will continue to rise higher on the 5day momentum indicator for the new highs.  Today I share the Russell new highs The force of Friday’s gap...
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