Archive for January, 2008
Thursday, January 31st, 2008
S&P VII Final Words on This Series
Thanks for the e-mails regarding the call last night. I’ll say a little more about that later in this post.
Tonight will be the last post in this series. My aim in tracking the S&P was to flesh out the way I trade the markets:
What is the trend of the timeframe I am trading? Continuation or […]
3 Comments » - Posted in Miscellaneous, Written Plan by ray
Wednesday, January 30th, 2008
S&P VI
Well, tonight’s the first night of a series of reports culminating in the Non-Farm on Friday. Today I want to examine what I’d look for if I were seeking to trade the ES. The fact is I am not: I am not convinced that the volatility is at a level that suits my […]
2 Comments » - Posted in Miscellaneous, Written Plan by ray
Tuesday, January 29th, 2008
S&P V
Last night’s price action was equivocal at best.
The market retraced approximately 50% of the current swing up. If the low holds, the 80-min projects a target to 1440 to 1390 (if this is a bear rally).
The normalized volume was the lowest for the past 14 days except for Jan 14 but still in the mean […]
2 Comments » - Posted in Miscellaneous, Written Plan by ray
Monday, January 28th, 2008
S&P IV
First off: thanks to all who have written in to compliment the blog. I greatly appreciate your comments.
On weekends, I like to review the markets I trade and adopt a blank slate when I do the analysis. This process is different to weekdays when I compare price action to my weekend scenarios.
The figures for the […]
1 Comment » - Posted in Miscellaneous, Written Plan by ray
Saturday, January 26th, 2008
FOMC Decision January 2008
I normally don’t post on weekends. But Monday’s post is likely to be a long one because I shall be reassessing the S&P technical picture. So today I am passing on what I consider an interesting insight by John Mauldin (http://www.frontlinethoughts.com/gateway.asp) See his latest post: “What Does the FED Know?”
I had assumed that with their […]
3 Comments » - Posted in Miscellaneous by ray
Friday, January 25th, 2008
S&P III
With last night’s price action, we are left with a probable 3-wave structure on the 18-d. If the bear market is to be confirmed, we’ll see a successful retest of the breakout zone: from the end of the Primary Buy Zone at 1421 and the Maximum Extension at 1382 (all figures basis cash).
Figure 1 […]
2 Comments » - Posted in Written Plan by ray
Thursday, January 24th, 2008
S&P II
Today I continue tracking the S&P. I’ll do this until the S&P either confirms or negates the bear market scenario. I expect this will occur sometime next week.
In today’s blog all numbers are basis cash.
The market followed the 80-min (daily trend) roadmap until the last 80-min bar whose direction I anticipated but not its magnitude. […]