The last few trading days have been a boon for buyers, but let’s take a closer look at the 15-min intraday chart of the DIA to see what kind of foundation underlays this move. DIA 15 min: At first glance, we see a powerful trend-move on the 15-min chart, as price rallied almost without pause…
I wanted to call attention to a study by Rob Hanna of Quantifiable Edges regarding using a simple timing mechanism to try to achieve better returns over an 11 year period in a hypothetical 401k. Rob’s post “Should You Time Your Entries into Your 401k?” addresses this question and tests the difference between equal contributions…
I know the year’s not quite up yet, but I wanted to highlight some of the most popular or most significant posts I’ve written this year. The following links represent my selection of top post you can refresh as a reference, or to help begin your journey through 2008 on the Afraid to Trade blog….
Reader Vasu requested that I give my interpretation of the current possible Elliott Wave Count on the Financial ETF (XLF) and without further hesitation, here is my current take on the Elliott count on the XLF. XLF – Financials ETF: On the normal site, this count is impossible to read – you’ll need to click…
In a previous post, I highlighted the Fibonacci retracement confluence clusters for the S&P 500 Index and now I wanted to show the same methodology of possible confluence support on the recent downswing in the US Dollar Index. US Dollar Index with Fibonacci Clusters: Using Constance Brown’s method of drawing Fibonacci grids off significant points…
Gold prices have reached an important technical confluence node – rising above this key level would be tremendously bullish, but there’s a good deal of bearish confluence resistance overhead… but gold might just make it above with just a little push. Let’s look at the daily and weekly charts to see these developments. Gold Prices…
File this under “In case you missed it.” The 10-Year Treasury Note price has surged 12% in just over a month, as investors surge to the safety of treasuries. Subsequently, yeilds in these safe investment vehicles has plunged dramatically. Let’s look at the 10 year note price, and then see the 5-year note and 3-month…
They’ll get you every time. Today’s intraday stock market action was an excellent example of the “rounded reversal” day concept in action. Let’s see it in the DIA and how we might have managed risk and traded it. DIA 5-min chart: The day started with the news that the market moving “Jobs Report” showed a…
A reader recently asked me to give a look at the German DAX Index in terms of a possible Elliott Wave Count to see how it related to the US Equity Indexes. Here is my preferred count on the DAX Index on both the Weekly and then zooming in on the fractal Daily Count: German…
Adam Hewison released a video yesterday regarding Monday’s bearish move and where it occurred in context and what it might mean for the broader market – it’s definitely worth viewing to see his views and price projections. Entitled “The Dow Crash,” though it isn’t as tragic as it sounds, Hewison takes us through line, bar,…