One of the most common and best patterns is the double bottom pattern. This is simply when the market seems to retest a low and then bounces higher off the low level. It is important to watch for the double bottom low to pierce the prior low before reversing back higher. This is because market makers are looking to bait in momentum short traders and then come in and rip it against them. Once they are forced to cover their short trade by buying back the stock it creates extra momentum to the upsi…
Continue
Added by Bryan Leighton on November 10, 2009 at 3:43pm —
No Comments
Bears are getting rattled. It serves the market well.
Last week everyone had their sights on a weak minor 2 wave up. Now there is doubt across the board on the EW front. This is EXACTLY what is needed. Too much confidence in any one direction = NULLIFIED.
I try to refrain from too much analysis. The trick is finding the TREND, not the turning points. The Trend can only be found AFTER a reversal. EW tries to set targets for LIKELY points.... you can certainly trade targets, but you should trade…
Continue
Added by badmofo1024 on November 10, 2009 at 8:45am —
No Comments
Changes Of Trend- Watch TV On Web!
Due to the fast growing of internet and IT worlds, all the football fans are able to watch the live football on the internet from their Pc or laptop at any place or any time as long as there is internet access.
From the individual TV sets to cable TV, satellite TV with dish until now the satellite TV on pc. You all can see the changes of trend.
Watch television on computer are the future television set. This all must thanks to the pro…
Continue
Added by Tim Ferras on November 10, 2009 at 12:49am —
No Comments
Often when a stock cannot catch a bid or rally higher with the major indexes it is signaling weak relative strength. Stocks that have or signal weak relative strength compared to the market are good candidates to be sold short on bounces. For example, FSLR the leading solar stock has not been able to rally with the NSADAQ or the other major indexes. These are the kind of stocks that you can watch for small bounces and take short positions. Remember it is prudent to always use stops as stocks can…
Continue
Added by Bryan Leighton on November 9, 2009 at 11:19am —
No Comments
Welcome to benefit from building a simple average
S&P-500 forecast (up, down, or sideways) for the next week. If you use more than one method, approach, or tool for prediction, it could be reasonable to give a vote for each one. "Sideways" is defined as a change within 1%.
Continue
Added by Alex on November 8, 2009 at 3:03pm —
No Comments

Cycle analysis forecast and, especially, pattern similarity forecast show downtrend for the next week*.
Do your own research. It is wise to analyze data from multiple sources and draw your own conclusion.
*) source -…
Continue
Added by Alex on November 6, 2009 at 8:36pm —
7 Comments
For nearly nine months the market averted big declines on Friday's by usually finishing flat or slightly negative or positive for the day. However, the past two weeks we have seen major selloffs in the markets on Friday's with very high volume. Therefore, it is prudent to remain cautious today as the market has recovered from the premarket lows.

Continue
Added by Bryan Leighton on November 6, 2009 at 11:42am —
No Comments
Howdy.
The market has likely been in a wave 2 rally since late last week. Personally I think it's had enough time and/or price to suggest that it's finished - or nearing completion.
There's some weakness this morning prior to open... time will tell.
The $VIX has now retraced "enough" of the rise from the lows to suggest further rally for the $VIX and decline for the $SPX.
…
Continue
Added by badmofo1024 on November 6, 2009 at 9:00am —
No Comments
Fact: MM and specialists love to create upwards gap in C because they feel everyone is scared to hold it overnight.
Also C has a tendency to go down from 9:30 --> 4:00 as it is heavily shorted and C has a tendency to go up from 4:00pm to 9:30AM.. The 4000%+ returns definetely supports this statement
The Strategy:
Buy C at the Close, and Sell C the next morning at the open (9:30 AM)
Do this everyday, no matter what the market does.
This strategy returns
4022.50%, I'm not kidding…
Continue
Added by Zeeshan Maqsood on November 5, 2009 at 5:14pm —
6 Comments
This is a 44-year study from November 1964 to January 2008.
The study asks the question ''how profitable would it be to buy the DJIA on Nov 1st, and Sell it on Jan 1st the next year''.
Results
If you did this strategy alone (Bought the index on the first of November and sold it on the first of January), you would of returned
420.86% over this time period. How does this strategy compare to holding the DJIA over the 44-time period? It fairs pretty well, considering your expo…
Continue
Added by Zeeshan Maqsood on November 4, 2009 at 8:00pm —
2 Comments
It is very important to understand the current trading environment. If you were a construction worker or a landscaper it is safe to say that you may check the weather outside before going to work. Therefore, as a trader it is important to know what the pulse of the market is. One simple way to do this is to follow the U.S Dollar. When ever you see the dollar lower it will generally give and upside bias to all commodity and inflationary stocks. For example, if the dollar is lower it is important…
Continue
Added by Bryan Leighton on November 4, 2009 at 11:21am —
No Comments
Howdy folks!
I haven't completely forgot how to post. I've been busy trading, actually.
Obvious things to look out for:
- VIX posted a nice breakout. It appears to be a complete wave up, and I expect about 3-5 more days of sideways to down action to follow
- USD... everyone and their MOTHER is watching this. I don't think it really makes that much difference. Sooner or later the market will decouple itself from the currency as the entire world indices start to move together... to the downsid…
Continue
Added by badmofo1024 on November 3, 2009 at 11:39pm —
No Comments
This morning there was news out in the premarket that Warren Buffet's firm Birkshire Hathaway was going to buy Burlington Northern(BNI) for a $25 dollar premium above the previous day's closing share price. BNI is a leading stock in the railroad and transportation industry. This should cause a rally in the entire transportation sector. Therefore, as a trader you can look for sympathy stocks that are leaders in the transportation sector regardless if they are railroad stocks. Yes, railroad stocks…
Continue
Added by Bryan Leighton on November 3, 2009 at 11:31am —
No Comments
Added by Dave on November 1, 2009 at 7:46pm —
No Comments
From my blog,
EW Trends and Charts
"The structures Elliott described also meet the common definition of a fractal (self-similar patterns appearing at every degree of trend). Elliott wave practitioners say that just as naturally-occurring fractals often expand and grow more complex over time, the model shows that collective human psychology develops in natural patterns, via buying and selling decisions reflected…
Continue
Added by michael eckert on October 31, 2009 at 3:00pm —
1 Comment
Welcome to benefit from building a simple average
S&P-500 forecast (up, down, or sideways) for the next week. If you use more than one method, approach, or tool for prediction, it could be reasonable to give a vote for each one. "Sideways" is defined as a change within 1%.
Continue
Added by Alex on October 31, 2009 at 2:09am —
No Comments
Added by wavegeniusdotcom on October 29, 2009 at 7:20pm —
No Comments
Often when stocks or indexes fall there will be good support levels for bounces. Therefore, you want to look at multiple time frames and have a chart that goes back several months to find intraday trades and possible 1-2 day swings. In this example on MGM the stock was in virtual free fall and found support in the $8.80- $9.00 gap window area. This was identified by InTheMoneyStocks.com traders by looking back to the September 3rd date and seeing a gap window. It is also important to recognize t…
Continue
Added by Bryan Leighton on October 29, 2009 at 10:28am —
No Comments
Often money can be made in the market by simply understanding that what is good for one is bad for another. It is simply called opposite or pairs trading. For instance, if the U.S. Dollar is down then usually gold is higher on the session and vice versa. Another example would be interest rates verses utility stocks. Often utility stocks will be weaker when interest rates are rising. This is due to fact that utility companies borrow money. Practice the opposite trade and you will notice how often…
Continue
Added by Bryan Leighton on October 27, 2009 at 12:01pm —
No Comments
SPY sold off right at 10:00 am after the consumer confidence was announced. There will be gap window support at 106.25 and then gap fill at 105.90. Both levels are going to be good short tern intraday support.

Continue
Added by Bryan Leighton on October 27, 2009 at 10:16am —
No Comments