KevinD's Account Talk

[nasa1974]

http://www.ibtimes.com/articles/137607/20110425/us-stocks-world-market-overview-nyse-nasdaq.htm

Thanks KD. It will be an interesting day. I wonder what the I fund will look like?

 

[KevinD]

Thanks KD. It will be an interesting day. I wonder what the I fund will look like?

Could take a couple of days to shake out I guess. I hope we gap up above this triple top resistance and drag the rest of the world with us.

Good luck.

 

[nasa1974]

Could take a couple of days to shake out I guess. I hope we gap up above this triple top resistance and drag the rest of the world with us.

Good luck.

That would be nice. I know the market has only been open for 30 minutes but the only thing green right now is the VIX.

 

[KevinD]

 

[TSPIntel]

How to Make Technical Analysis Work for You




http://finance.yahoo.com/news/How-to-Make-Technical-etfguide-12108326.html?x=0&.v=1

KevinD's: Very interested.

 

[KevinD]

http://www.youtube.com/watch?v=YL0oxmwsOY4

 

[Bronco07]

Spot on KevinD ...... I'm right there with ya !!!! Looking for a brighter future in the upcoming days :laugh:

 

[KevinD]

Atlanta area TSPtalk get together/dinner and drinks!

http://www.tsptalk.com/mb/showthread.php?9614-Atlanta-area-food-and-drinks-get-together

 

[law87]

Atlanta area TSPtalk get together/dinner and drinks!

http://www.tsptalk.com/mb/showthread.php?9614-Atlanta-area-food-and-drinks-get-together

Atlanta got good house prices? my friend is station somewhere in georgia, army base i think

 

[KevinD]

Atlanta got good house prices? my friend is station somewhere in georgia, army base i think

Getting better every day! Oh...hold on just a minute. :worried:

:laugh:

 

[KevinD]

Heres hoping we don't see the 200ma on the S&P.

100S

 

[bmneveu]

Atlanta got good house prices? my friend is station somewhere in georgia, army base i think

You may be thinking of Fort Gordon, just outside of Augusta. I'm heading there in December

 

[RealMoneyIssues]

You may be thinking of Fort Gordon, just outside of Augusta. I'm heading there in December

Could be Ft Stewart near Savannah

 

[KevinD]

Fort McPherson is almost down town Atlanta and Fort Gillem is near by in Forest park.

 

[KevinD]

Atlanta got good house prices? my friend is station somewhere in georgia, army base i think

http://homesales.ajchomefinder.com/homesales/

 

[nnuut]

Warner Robins USAF ALC in central GA! Much cheaper housing than Atlanta!

 

[KevinD]

Click the link to see the charts.

http://www.stocktiming.com/Monday-DailyMarketUpdate.htm

Is this a Dangerous Technical Formation?

One of the oldest technical patterns is known as a Head & Shoulders Pattern. It is regarded as a reversal pattern that occurs after an up trend.

The pattern can be recognized because it has a distinctive Left Shoulder (L.S.), a Head, and a Right Shoulder (R.S.) as seen on today's S&P 500 chart.

This pattern is now at its "moment of truth". If the up trend labeled R.S. turns out to be a valid Right Shoulder, then that will prove to be a very dangerous pattern for the S&P and the stock market.

How Dangerous? From last Friday's close, this pattern suggests that the S&P 500 could fall about 15% before stopping. Please see the next chart ...


If this turns out to be a true Head & Shoulders pattern, then here is what you could expect:

1. The S&P would drop to, and then below its neckline as seen on the chart below.

2. Then there would be a 50/50 chance of an upside bounce that would move up to the bottom of the Neckline before failing and moving down again.

3. Then, from the the top of the Neckline, it would move down to the lower support line shown (possibly a little lower) which would be another 8%++ down move before finding support.

So, the question was: Is this a Dangerous Technical Formation? And, the answer is a definite yes, so watch this formation very carefully in the coming days and give it plenty of respect.


*** Feel free to share this page with others by using the "Send this Page to a Friend" link below.

 

[KevinD]

The show isn't over

By Colin Twiggs
July 12th, 2011 7:00 a.m. ET (9:00 p.m. AET)

http://www.incrediblecharts.com/tradingdiary/2011-07-11-markets.php

 

[Birchtree]

Now that was a fun trip - thanx. But I'm not convinced we are going lower.

 

[KevinD]

http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm

Panic Levels, the VIX, and the NYSE New Lows ...

Many regard the VIX as a measurement of fear and panic levels in the market. But, how do you really know what the fear level is?

One way is to keep an eye on the NYSE (New York Stock Exchange) New Lows for the day. As fear levels rise, the daily number of New Lows should also be rising ... if they aren't, then you have to question how much fear is really in the market.

One thing is true ... the greater the acceleration of fear levels, the greater the daily level of New Lows.

Why is that?

It is because, if fear levels continue to accelerate, then at some point investors will feel enough pain to begin panicking. When panic selling starts to set in, stocks move lower and lower, eventually reaching a point where the next person holding the stock becomes an emotional basket case ... panics, and sells his stock. Since the stock is dropping, more than likely he will have to sell at a lower price in order to get out of the stock.

Thus, a cycle of panic grows until it is overdone and the pendulum then swings back the other way.

*** So, the VIX closed higher yesterday, indicating increased fear levels. But, has panic set in yet?

For the answer, let's take a look at yesterday's chart of New Lows on the NYSE. As you can see (below), the level of New Lows came in at 30 yesterday.

How should you interpret that?

Here are rules to consider:
1. If the New Lows are below 28, that is still bullish.
2. If the New Lows rise above 28, that is starting to show "concern about the market".
3. If the New Lows move above 50 per day, then panic levels are starting to be seen.
4. If the New Lows move higher than 100, especially above 150, then panic levels are becoming a serious issue for the market.

When using the New Lows, do integrate what is happening with them along with what is happening to the action on the VIX at the same time. (For our daily subscriber analyses, we use a total of 9 different market conditions to arrive at the answer on a daily basis.) FYI ... be sure to also see Monday's update about: "Is this a Dangerous Technical Formation?"