October 22nd, 2009 by jsfalvo | Comments
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
October 22nd, 2009 by jsfalvo | Comments
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
October 21st, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw a small pullback in the markets after a new DJ-30 high yesterday.
So far the markets will not accept a move down over -100.
When that happens we will likely be in a market turn.
On the long side I like the TSO price breakout, my next resistance is the $18 area. We [...]
October 21st, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw a small pullback in the markets after a new DJ-30 high yesterday.
So far the markets will not accept a move down over -100.
When that happens we will likely be in a market turn.
On the long side I like the TSO price breakout, my next resistance is the $18 area. We [...]
October 20th, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw little Index dip moves and a market run starting at 10:00AM.
Our SOAP Sell set-up is still valid with a good market drop, that did not happen today.
AAPL hit our dip target then rallied thru the close to a $20 point swing from the low.
AMZN missed out dip target by a [...]
October 20th, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw little Index dip moves and a market run starting at 10:00AM.
Our SOAP Sell set-up is still valid with a good market drop, that did not happen today.
AAPL hit our dip target then rallied thru the close to a $20 point swing from the low.
AMZN missed out dip target by a [...]
October 19th, 2009 by jsfalvo | Comments
It is so good to have David Elliott’s thoughts on the markets again. David has been battling cancer and he will post when he can for now. So below I have pasted David’s thoughts on the market right now.
Per David Elliott :
Friday saw a bounce in the US$, from a failed new low retest, that [...]
October 19th, 2009 by jsfalvo | Comments
It is so good to have David Elliott’s thoughts on the markets again. David has been battling cancer and he will post when he can for now. So below I have pasted David’s thoughts on the market right now.
Per David Elliott :
Friday saw a bounce in the US$, from a failed new low retest, that [...]
