Monday, November 06, 2006

New LINKS & Links to Other Blogs Added Last Week

I have added some new LINKS and Links to Other Blogs last week. Very informative & interesting comments on some of these blogs. As to a couple of the new LINKS, they offer free articles, information and newsletters. Enjoy!

10:12pm Pre-Market PRICES have hit a high of 1375.00 - as TREND chart has just turned up, will be looking for a Minor PPF on the Trading chart to go LONG. Let's see if there will be a confirmed low (support) today. If going LONG, first target would be 1375.00, followed by 1375.75, 1376.50 & 1377.25
10:27pm Not taking any trades now. Am heading out to buy dinner. Be back soon...
10:51pm I am back ! Hmmm...series of minor PPFs - Consolidation. On the TREND chart, it is now in Prime territory, and PRICE is not heading up...Will wait for clearer picture - normally a Breach followed by a PPF. LONG or SHORT would be in the direction of the Breach.
10:55pm Ah...PRICE has decided to behave. First target of 1375.00 achieved(after the pullback). Second target (1375.75) too. Third target (1376.50) as well...Last target (1377.25)...not far off.
10:59pm 1377.25 is important because it is the last PRIME Resistance on the TREND Chart. If PRICE prints a higher level than this, then we would have Leg 1 of the Bear Break.
11:01pm Here we go ! Leg 1 of the Bear Break. Remember, we must have 3 Legs to bring us out of this bear trend.
11:02pm Still no trades on my end. Came back very late tonight (that's the reason for the late pre-market post)...Haven't had dinner, and frankly, am also very tired. May not take any trades. One really has to be alert to take the market on...
11:16pm Next target 1382.75
11:30pm TREND chart has just turned down...so, 1382.75 may not be achieved now. Only after a brief pullback? Let's see.

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