23
Sep
And the Rally goes on an on and on .............
Written by Anna   

Hi :) fellow traders!
Here we are around 1460, and the Bernanke "buzz" continues to fuel the equity markets.  I do feel that we are at the upper end of range and a wave down will come soon. Like my last post predicted 1450-1475 soon, we are so close to that latter number.
Something will happen to be a catalyst, so far I am looking @ 1425, but 1400 is also another target. It's tough to time these things very easily, so in options, you need to give yourself enough theta or time if your long calls or puts. If your selling credit spreads, (I don't recommend selling naked call or puts (unlimited risk) but to sell credit spreads can be a nice income producer.  

The charts on the /ES and SPX say yes we could go higher, but caution is warranted being long still. I am looking for some sell signals that i use.

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03
Sep
Thirty Days have September April June ect....
Written by Anna   

Hi everyone

Hope you all are well. I have been having such a hard time being stuck in this range of 1400 area and it just won't break out either direction. Now that being said I believe soon we should see  a break down. At least a Wave down to work off some of this huge move up we've seen over the summer. But that doesn't mean I am bearish, but just looking for a overbought wave down to around 1380  or so to consolidate these huge gains and then go on up to around 1450-1475 ES. 

The daily chart does have a bull flag on it, so it could fool and just push on up to those levels of my highs, but that seem a bit too easy. There is the buy the election mode though that tends to lead to a higher stock market.  After November we'll have to see who is in Office of the POTUS to determine some issues that are clearly at hand and that being the Bush Tax cuts that will expire after this year. 

Read more... 

Now we can look @ different time frames but overall the trend is still up.  I just would like to see a healthy pullback to continue a healthy bullish trend. 

Lets look @ Gold and Silver 

Read more... 

will add more charts as I go along today :)

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