Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[Dentalfloss]

oil...hit a brick wall
25 day candles of oilb.the brent etf
gold..going nowhere.25 day candles of gold etf..iau

 

[wallstreet1928]

I can see why you left RIM blank!

Stalled at mide range of the huge September gap, now showing bearish divergence RSI and a break of 7150 means it would be in no man's land in the previous gap range, major support not evident until 6000 and then gap could take us down to 4000! But will be interesting to see if the current steep drop is seen as an opportunity to buy by some (or many...).

welcome , welcome my friend

I fell asleep whilst doing my analysis, I will put up the charts too

 

[wallstreet1928]

Market Technical Analysis - Nice Drop On Oil On This Wacky Options Ex Friday 06/19/2009

YouTube - Market Technical Analysis - Nice Drop On Oil On This Wacky Options Ex Friday 06/19/2009

 

[wallstreet1928]

The 50MA is hardcore.

Which MAs do you refer to when you mention neckties, WS?

50 and 20 MA

but a neck tie with 200 MA is stronger S/R...........

look at FTSE for example

last week quiet a lot of people were in the bear camp and forecasting the FTSE break the 4300 and trade down to 4000

I was of the contrary opinion , why?

Answer : Necktie ............200 & 50 MA............!! always provide crucial support!!
but there were other factors as well such as currencies and stocks........

 

[lapalabra]

50 and 20 MA

but a neck tie with 200 MA is stronger S/R...........

look at FTSE for example

last week quiet a lot of people were in the bear camp and forecasting the FTSE break the 4300 and trade down to 4000

I was of the contrary opinion , why?

Answer : Necktie ............200 & 50 MA............!! always provide crucial support!!
but there were other factors as well such as currencies and stocks........

Thanks a lot WS, I've been trying to evaluate different types of resistance on different timeframes, the above is v helpful cheers - and I can cast my mind back recently to the 4300 moment you describe above!

 

[Dentalfloss]

stuff from chartwatchers newsletter

 

[dr.blix]

sorry for the spam, but what aesthetically pleasing charts...quite mesmerising.

the first one looks like a distant high mountain range, with a tree line below it and desert canyons in the foreground with a blue river running at the bottom.

or maybe i just need to lay off the gear for a while...(joke) :cheesy:

 

[dr.blix]

just briefly, i see bearish osc div on the SPX from may to june peaks.

for the FTSE, strong resistance by lower channel lines that have been breached and are now acting as res, on price and separately on RSI, also 21MA on the daily is being tested as res.

 

[francisfinley]

sorry for the spam, but what aesthetically pleasing charts...quite mesmerising.

the first one looks like a distant high mountain range, with a tree line below it and desert canyons in the foreground with a blue river running at the bottom.

or maybe i just need to lay off the gear for a while...(joke) :cheesy:

whatever you are on get me some. fear and loathing style.


bat country!

 

[dr.blix]

feels like this rangebound gubbins is going on FOREVER

 

[dr.blix]

here's my simplistic view on things, that 125MA is hovering ominously close to the 4150 zone...ooOOOOoohhh. (< ghost impression)

obviously this all means nothing if we pop these levels, but, hey. mystic meg i'm not.

 

[dr.blix]

btw does anyone on here play Battlefield 2 online?!

 

[Geofract]

I thought I would get the crayons out as well DB

Post match analysis for FT - will be watching black downward TL tommorow. I have funny hours set btw, 0800 - 2100, apparently this is what etx do, and not 24h. Would have loved to make predictions for tommorow, but I'm not septic peg

But, GBP/USD could have made a double top, so dollar strength may lead to market fall, if I understand correctly.

Good luck all for tommorow.

 

[francisfinley]

btw does anyone on here play Battlefield 2 online?!

i dont play games, havent had a console since the megadrive. the last pc game i played was command and conquer red alert - i played it for about 8 hours a day.

im retro mate - kid of the 80's played a bit of xbox dont like it. thought the ps3 was pish posh. like the wii - bit basic but like the idea of knocking vases over and smashing pictures trying to box and chop peoples heads off.

i like street fighter and fifa on the consoles but thats about eeet.

probably gonna get a wii i reck.

 

[francisfinley]

I thought I would get the crayons out as well DB

Post match analysis for FT - will be watching black downward TL tommorow. I have funny hours set btw, 0800 - 2100, apparently this is what etx do, and not 24h. Would have loved to make predictions for tommorow, but I'm not septic peg

But, GBP/USD could have made a double top, so dollar strength may lead to market fall, if I understand correctly.

Good luck all for tommorow.

nice chart. looks like its up then with that h & s formation.

geo where did you get a place - im looking for a flat. seen one in kesgrave but nothing around really inspiring, was gonna get somewhere in the country but the adsl out there is non existent!

 

[Tickdoc]

A rally in the next few days could complete a very nice inverted head & shoulders, the confirmation being a chunky resistance area, could be exciting...

(Edit: Francis quicker...)

 

[wallstreet1928]

Everybody have a good weekend chaps

so any news articles worth taking noting of?

 

[wallstreet1928]

Courtesy of ITMS

Weekend Technical Analysis - Did Oil See A Near Term Top? June 22nd - June 26th, 2009

YouTube - Weekend Technical Analysis - Did Oil See A Near Term Top? June 22nd - June 26th, 2009

 

[Geofract]

nice chart. looks like its up then with that h & s formation.

geo where did you get a place - im looking for a flat. seen one in kesgrave but nothing around really inspiring, was gonna get somewhere in the country but the adsl out there is non existent!

Hi Francis

I'm out in Tunstall, north of WBridge, and ADSL is 576k! Whhhooppppeeee! It's great out here though, I just like the quiet, after having lived in a very busy area for 10+ years.

Maybe we will retest 4400, and more, but I'm in the bear camp TBH - will try to trade what I see though.

 

[francisfinley]

A rally in the next few days could complete a very nice inverted head & shoulders, the confirmation being a chunky resistance area, could be exciting...

(Edit: Francis quicker...)

4400 target for by wednesday then anyone?