Change in Character
May 24, 2013, 5:28 amWith the odds pretty good now that we will get a range trade, you have to shift your thoughts to how you can effectively trade the change . One of the reasons traders/investors under-perform at times is because the market character changes yet the trad... Read more...
The big tease delivers
May 23, 2013, 5:35 amWe have been frequently teased. Three 2-bar reversal patterns have appeared in this endless trek higher only to be cast for higher prices. The Monday one that printed looked to share the same fate yesterday until word broke that we may begin to dial ...
Read more...Market Commentators Endangered
May 22, 2013, 5:57 amWhen it's nothing but "straight up" for this long, the business of commenting on the market becomes an endangered species. I mean, come on, what else is there to say. The market goes up because it goes up and it does it repeatedly. Read more...
$Gold- provisional 1273 short term wave C target
May 19, 2013, 6:08 pmMy 1494 wave 5 target was canceled when we fell below its 1391 presumed wave 4 low; see the following 5 month daily chart.
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$Compq- 3735, 3800 wave 5 targets
May 17, 2013, 7:40 amLooking at the unfinished wave structure from the 07/01/10 wave 1 start at 2061, here is where I think we are headed- see the following 4yr weekly chart.
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$Compq- 3384/3385 targets hit and confirmed
May 4, 2013, 6:34 pmI first wrote about the 3384 target on 01/13/13- see the following 9day 10min chart.
Read more...Trading the dominant trend and time frame
January 18, 2013, 9:06 pmTime frames are so important in trading. Much confusion could be avoided by sticking to the dominant time frame when trading. If you are swing trading on multiple days or weeks, the dominant time frame is the weekly chart - not the daily chart. The d...
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How Will Financial Stocks Perform in 2013?
January 3, 2013, 12:00 amThis is the second in a series of three interviews L.A. did while in Las Vegas back in late November with Rob Booker as part of his MoneyShow presentation. It's focused on the financial stocks primarily and is an interesting take from a seasoned trad...
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What is Neo-Classical Trading?
December 27, 2012, 12:00 amIn the last of a three part interview series L.A. did while in Las Vegas back in late November, Rob Booker asks the real question, "What is Neo-Classical Trading". Although the interview is short, L.A. tries to lay out the foundation for this though...
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Escape the Volatility: How Spread Trades in Gold and Mining Stocks Work
May 24, 2013, 12:10 pmAs volatility finally starts to reappear, the risk of over-trading and being shaken out of positions increases. Words like “abnormal” and “new normal” continue to be used in an attempt to capture the frayed and strained markets that we trade. Stre...
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How much lower for the Google tell?
May 24, 2013, 3:26 amLast Thursday I penned a piece about Google (GOOG) being a market tell since it had the right characteristics. My contention was that Google had put in a short term top at least and maybe an intermediate term one as well. My expectation was that the...
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Google is your Market Tell
May 16, 2013, 1:32 pmThis endless “up” has rendered most technical analysis tools useless unless you are trading intraday and keying off signals generated on a few days’ time frame. There is no left side to the chart anymore to measure against on daily, weekly or monthly...
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