Good Lookin' Charts

[wooish]

Today's move was powerful on all indexes, we're not sure if this is the beginning of another new uptrend or is it just another counter-trend rally. Are you bullish on the market?

[dmk112]

15 min chart break out today.

[skiracer]

Interesting site DMK. I've heard of him before and agree with his strategies and discipline.

[wooish]

That's really scary stuff.

[dmk112]

good post: http://www.xtrenders.com/2010/05/did...term-lows.html

[dmk112]

C is my fav setup for next week.

[dmk112]

Market's been tough but this morning was a nice buying op of what I beleive is the start of a short term pop. SHS on the hourly looks promising for bounce..

[dmk112]

SPX thoughts...

Let's start with the weekly. It's showing that the stochastic's and MACD are rolling over signaling an intermediate term correction of 7-10% which would be about 1050. Arguably we hit it already with the 100 point drop last week.



The daily chart looks like a "dead cat bounce" that is playing out. More downside is likely.



The hourly chart shows a slightly different picture that should be paid attention to. There is a "potential" inverse H&S developing. Look for a break of the trendline for confirmation of further push up.

[dmk112]

Haven't posted any stocks cause the market's been too shaky. I think this pull back is a pretty good opportunity as I don't think we've seen the highs for the year. I'll post some charts in a bit of the SPX.

[dmk112]

look familiar??

[dmk112]

No picks since market is pretty overbought and we saw those conditions play out today. I think we do have a short-term top in place. We made a lower high today and then took out yesterday's lows. I think tomorrow will be a good shorting opportunity.

Well I was wrong there...

Market is just getting whipped right now. This area will be of interest. I'm taking some nimble trades, not over extending myself. Really playing bounces on oversold stocks such as MON.

[dmk112]

No picks since market is pretty overbought and we saw those conditions play out today. I think we do have a short-term top in place. We made a lower high today and then took out yesterday's lows. I think tomorrow will be a good shorting opportunity.

[dmk112]

This chart is from FINVIZ.com. Can I post it if I give them credit?

http://finviz.com/quote.ashx?t=tat

----------billy

I like it billy. freestockcharts is awesome. Learn it!

[hags]

freestockcharts.com is the most complicated site I've ever seen . It drives me crazy. The same chart has been on there for 6 months and I can't change it. I hate computers!

-----------billy

ahoy billy,

Click on the current chart and just start typing a new ticker symbol....a box should pop up as you type...if you only know part of the symbol the box will list suggestions that includes what you typed, so you can select the correct symbol....
freestockcharts.com is pretty impressive with all you get for free....

hags

[Raindrop]

How about MDF and CXO? I think these have decent financials as well.