Monthly Archives: October 2008

Generally US stocks will follow the $US. So can we expect the gains in the $US dollar to be reflected in a rising stock market? Well, all those dollars that are being bought need go somewhere, so there is a good possibility the stock market could begin to reflect this. The stock market has been…

The DJIA is still within the range between 7 800 and 9800 but we are once again moving toward those lows. With current volatility, a 400-500 point move down to the lows is very possible. With economic, and possibly some surprising Fed news, we could see moves back up to the resistance levels (mentioned below)…

The Dow Jones Industrial (DJIA) has formed a symmetrical triangle formation based on price action from Oct 10 – Oct 23. A break out of the triangle (draw lines slanting down along the top, and slanting up along the bottom of the price bars) could drive us to multiple support or resistance levels on either…

Nice rally on Oct 20. While the support and resistance are still valid from my past posts I will add another one. On the Dow Jones Industrial Average (DJIA) we are just under a new resistance that has formed around the 9 300 mark. A break above 9 350 would signal a test of the…

Here are a few things to remember when in the midst of a bear market, as we are in now. -Rallies do occur in bear markets.  It is important to remember the overall trend during these rallies and not get trapped excessively long.  Watch support and resistance levels, and fade into positions as the market…

I had posted a couple other blog entries over the last week, not sure where they went. We have erased the rally that took place on Monday. Due to the fact there are not as many short to scramble for exits, the rally was short lived. We are heading for a retest of the 8000…

On Oct 8.  We came within a 100 points of the 9000 level on the DJIA.  After a rally in the afternoon off the lows, followed by a late day sell off to finish near the lows of the day we can expect this 9000 level to be tested once and likely penetrated.  Next support…

Today the DJIA blew through support at 10,000.  This is not only a support level, but is also a large psychological level.  Some support is likely at 9000, but major support is at 7,500. Intra day we are holding below below the 10,000 level. Markets around the world saw sharp sell-offs, confirming each others moves. …

We have seen some incredible volatility as of late, not to mention the front page headlines and massive news coverage of this “crisis” story.  So what do we do?  What areas are good to be in and where is the market likely to head? Well, I am not going to predict what the market is going…