Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Wednesday, September 16, 2009

Daily Review 2009-09-16

1. VIX Daily:

Piercing pattern... no LL. bullish. resistance at R.


2. SPX Daily:

HH.HL volume up, this is another continuation candle, close above E, S1', U and UBB, so, this is a quadruple resistance break out... and as we know, break out needs confirmation in next 2-3 days... support still at line C.


3. DJI Daily:

Still, B is not touched... HH.HL, volume up, so, it still has room for another HH tmr...




4. COMPQ Daily:

HH.HL volume up, Day 3 closed above line B, so, expanding triangle break out is valid, but still under pressure of line C and P. Bear requires a BeE bar here... or a doji + red break down candle like SSEC did last two days.



5. $WTIC Daily:

HH.HL green bar, stopped at line N, break out or turn back needs confirmation tmr.



6. $SSEC Daily:

A red big hammer, so, the previous gap filling doji got an bearish confirmation, that doji now can be read as a reversal doji. Daily candle has a long bottom tail, so, itself requires a bearish confirmation tonight... (This candle is a break down candle, the doji is a reversal signal) It is still range bounding inside rising wedge A & B... a close below line A will trigger a new down swing wave...

1 comment: