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;

Thursday, September 17, 2009

Daily Review 2009-09-17

1. VIX Daily:

HH.HL red hammer, bullish confiramtion to the previous candle. R penetrated, Resistance at R, U, Y, support at Z.


2. $WTIC Daily:

HH.HL green peak doji, continuation or reversal requires a confirmation candle from tmr. Line N break out, Resistance at L, support at N & T1.


3. SPX Daily:

HH.HL red peak doji, continuation or reversal requires a confirmation candle from tmr. Resistance at U & UBB, support at E & C.


4. COMPQ Daily:

HH.HL red peak doji, continuation or reversal requires a confirmation candle from tmr. Resistance at P, support at B.



5. DJI Daily:

HH.HL red peak doji touched line B, continuation or reversal requires a confirmation candle from tmr. Expanding triangle A&B still in play.




6. $SSEC Daily:

HH.HL green bar, rising wedge A&B still valid. Pattern not solved here, so, A&B range bound action from here on stays.


7. $BDI Daily:

Blue is a possible falling wedge set up, but, not close to a break out point to either side yet, so, wait here.




8. $USD Daily:

LL.LH doji, below falling wedge bottom bound line A, very high chance that this is a bottom out reversal morning star, resistance R1 is too closeby, this means, at market open tmr, it could jump over R1 and then no resistance until R2, this is a setup for a big green bar on this one for tmr, could this be a hint for US index crash tmr??



9. $GOLD Daily:

HH.HL red doji near UBB, continuation or reversal doji is unclear, requires a confirmation candle from tmr. Green is a tiny bearish rising wedge ongoing.

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