All Allan: Eerily we roll along

Wednesday, June 24, 2009

Eerily we roll along

First up tonight, a continuation of today's 30-minute SPX chart:

Next, a screen shot of the Daily SPX chart:

And finally, the Weekly SPX chart:

Anything stand out here?

Maybe eerily similar patterns, rounding tops bumping down off of down trending channel lines.

A

4 comments:

The Sound Center said...: Nice look at the fractals, Allan.

Feels like (that's a technical term) this move is in slow motion, like May 29 to July 15, 2008.; 9:32 PM
Anonymous said...: Any thing stand out here? Yup!

*IF* the markets are going to rally, this is exactly the setup I would expect. Rising to the top of a down trend channel, a pull back, then punching through. Your daily oscillator supports this since it is in "buy" territory. I hope I'm wrong and the weekly is right. I don't like it when the daily and weekly oscillators are out of sinc.

- cramar; 7:22 AM
Anonymous said...: Can't you put up a ballad by Debbie Gibson?; 9:00 AM
Anonymous said...: You done effed me up again with your damn charts on FAZ.; 10:35 AM

Post a Comment

Why are you here?

Lets get a few things straight, right up front. First, we are here to make money. Second, we are here to read what Allan is saying about the market. I don't care all that much what you think, although I will tolerate civil disagreement, if I am in the mood. Third, as soon as you read this, go online and make sure you have at least 10,000 shares of NNVC. More is ok, fewer is not. Remember rule number one, we are here to make money? Well I lied. We are here to get rich, filthy rich. Those 10,000 shares of NNVC will be worth $1M by 2014. So even if nothing else you learn here works (but it will) you will be a millionaire by 2014.

There is no cost to read these blogs. But there is a Donate button. Here's our deal: The first $10,000 you make, is yours, all yours. After that, everything you make as a result of ideas and techniques you learn here is subject to a 5% royalty to me via the Donate button. We are on the honor system. We are all also subject to the laws of karma. Govern yourselves accordingly.

Oh yea, welcome to my blog, my mind, my world.

A note about the ads on this site: Other then Google ads, you will find only a few hand picked advertisers. Hand picked means I use these products in my analysis, I endorse these products and if you become a consumer of these products through clicking ads on my site, I get credit, either via a small payment or complimentary products.

Profile

Originally from Detroit, Michigan, I attended Mumford H.S. the University of Michigan (BA), Suffolk Law School in Boston (JD) and Emory Law in Atlanta (LLM-Taxation ). Thus, with way too much formal education, I opened up my own law practice in Atlanta and closed it down 15 years later, whereupon I moved to the beach, Kiawah Island SC, to trade for a living. I made a fortune in the great bull market of the nineties, than lost 80% of it back in the great bear market of 2000-2002. On a cross-country auto trip in the summer of '03, I thought up a day-trading system for stocks that I then implemented, real time, real money, real success, starting in July of 2003. I continue to trade my system, with some significant modifications made in the fall of 2004 i.e. added a module for insider buying. Yes, there is more to me then this vocation (read: passion), but let's not get too personal.......not yet, anyway.

All Allan

Wednesday, June 24, 2009

Eerily we roll along

4 comments:

Why are you here?

Profile

Profit Sharing - please consider a donation in the spirit of sharing the wealth - A

Blog Archive

My Blog List

Links

Wikinvest Wire