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;

Sunday, September 13, 2009

Weekend Review 09/07-09/11

A week of split move on TLT & VIX: TLT is moving opposite to VIX, this kind of thing just don't happens that often on a weekly base.

1. TLT Daily:
$97.68 is a new session high, this black shooting star has very high chance to be a North Pointer due to this new session high, and itself is stands above the previous upper tail, so, this is a bullish confirmation with volume up.


2. TLT Weekly: The past 3 candles formed a bullish sandwich pattern under main resistance line C, it is prepared for a break out here. The low at $87 and line S completed a perfect "W" bottom, as well as an "Adam & Eva” bottom pattern... this bottom should move TLT to line A at least.


3. VIX Daily: A very hugh falling wedge U&V, which will domain the mkt trend in next 6+ months; and a very complicate bottom out pattern here... too many expanding triangles here, Friday close is above line V once more...That is another Falling wedge break out!


4. VIX weekly: HH.HL inverted hammer + LL.LH red hammer, completing an expanding triangle bottom.


5. DJI daily: Expanding triangle still in play! Line S is a very critical line.


6. DJI weekly: This weekly candle is a HH.HL BuE candle with low volume, R&S rising wedge penetrated, and now previous support S is serving as a resistance, new support lowered to S1, and new rising wedge R&S1 is in play, S2 is a critical support level below S1.


7. COMPQ Weekly: This Candle itself is a HH.HL with volume decrease break out candle, closed above fibo .500, 200 ema and R1, passed my original green dot target zone and heading to red dot 2nd target zone given on Jun 28th. Line B is no longer a support, and line C is current support, a possible new resistance is formed at line K, and the joint of line K and line C is at the red dot 2nd target zone...


8. SPX Weekly: This is a weekly HH.HL green bar break out with thin volume... A&K is still a rising wedge.


9. $SSEC Daily: Day high is a perfect touch at line B, B&E is no longer a valid rising wedge, but B&A is still a valid rising wedge, and this wedge could continue heading higher, this is giving it a chance to close the gap above... A close below line A will mark the next leg down.



10. $WTIC Daily: Huge BeE candle, so, the back test bounce to line L after L penetration is completed... and the downward swing is resumed... line M could be the trend direction.


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