How is the condition of the trend determined? I pretty much just look at a couple of sectors sox, rlx, bix, inx. And look at a short time frame 3 or 6 month daily chart, to determine if its at sup/res, breaking sup/res, or in the middle. I just dont make the time to try to study larger market sector rotation. I figure it would help to get a feel for the current market conditions. So what is this info you posted telling you? Cant tell what numbers go where either.
seanote, dont stop! imo you´re providing excellent stuff and this is one of the most interesting threads on elitetrader! keep on moving man kev
Seanote, You are providing a good service to those who need it, especially for a "rookie" investor who does swing/position trade. Keep writing and I love your posting daily even though I can only read it in the evening. Good luck on your trading.
Seanote, Please continue posting. I also find your postings, results and work to be inspirational and look forward to more. Thank you for what you've shared so far! - David
Mideast turmoil worsened over the weekend which is scaring the markets into negative territory. Expect the DOW to decline to recent lows while the S&P and Nas are in a weakening condition now moving through support. Watch for a low aroung 10:30 am est. today which should offer a good trading opportunity bouncing back to last week's lows.
PFE - Short Stop: $39.40 Target: $34.50 Friday's big volume breakdow appears to be a continuation of the long term down trend. T- Short Stop: $16.70 Target: $13.80 AT&T has broken all short term support levels. Any upside move will run into significant resistance in the $16 area. There is no relief insight in a 2 year down trend. Long term support @ $11.00. FWC - Speculative Buy Stop: @ $2.55 Target: @ $4.50 (Long-term) Last Wed. dip to support appears to have held. The pattern looks very good and the best index measured by cap size is small cap.