Major Pivot Points for: GLD, USD, and ..
So far 2011 has been an interesting to say the least. Stocks and commodities have been jumping around with high volatility generating mixed trading signals. This choppy price action typically indicates...
View ArticleThe 3 Basic Stock Charts: Line, Bar, and Candlestick
Stock charts can hide more information than at first glance. In this article, we show what each type of stock chart emphasizes and how each type of stock chart can reveal about a stock's behavior, or...
View ArticleModern rock driving the markets?
“We crawl on our knees for you, Under a sky no longer blue We sweat all day long for you, But we sow the seeds to see us through‘Cause sometimes dreams just don’t come true, Look now at what they’ve...
View ArticleGBP USD Decline to Yank EUR USD as well ?
GBP USD continue its 3rd day decline and has reached the 1.6059 low. Intraday bias remains on the upside, as long as the 1.5976 minor support line is not broken. On the downside, if the 1.5976 minor...
View ArticleTechnical Analysis Theories: Elliott Vs. Dow (Part 2 of 3)
Last week, we reviewed the Elliott Wave Principle and answered some questions. This week we will shift our focus on the Dow Theory and what it means to us as currency traders. The Dow Theory is a...
View ArticleCurrency Intervention for the Yen is Tiptoeing ?
USD/JPY is still trading to the downside, Japan’s Finance Minister Yoshihiko Noda is watching the Yen closely after breaking below the 80.00 level yesterday. Intraday bias remains on the downside, as...
View ArticleTechnical Analysis Theories: Elliott Vs. Dow (Part 3 of 3)
Today, will be our final segment of the technical analysis theories comparison and I’m going to introduce you to the Dow Wave. The Dow Wave is a form of technical analysis derived from Charles Dow...
View ArticleMust Know Levels of Support and Resistance for this Week
“The paranoia gripped us, The rain turned engines to rust The panic set in like a cancer to our hearts; Spreading through We bet on finite genius; Or prayed for God to save us But there was no...
View ArticleThe S&P 500 & the Dollar Ahead of the Fed Statement
The Federal Reserve is holding a two-day meeting Tuesday and Wednesday of this week. Market participants are expecting the Federal Reserve to prop up financial markets yet again with some grand new...
View ArticleWas Friday’s Price Action in Gold Signaling a Top in the S&P 500?
Friday morning traders and market participants awaited the key January employment report from the U.S. Bureau of Labor Statistics. The reaction to the supposedly wonderful report was a surge in the...
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