Wednesday, July 15, 2009
Tuesday, July 14, 2009
Sunday, July 12, 2009
Sunday, July 05, 2009
Tuesday, June 30, 2009
Sunday, June 21, 2009
Monday, April 20, 2009
Friday, March 27, 2009
Monday, March 23, 2009
SPX500: Wave 4 complete ?
Wave 4 has retraced 50% from the lows of March 6th. Since wave 1 has not yet been overlapped; a move below the lows of March 6th seem plausible towards completion of wave 5. Exit short on close above 805.
Thursday, March 12, 2009
Wednesday, March 11, 2009
Tuesday, March 03, 2009
Monday, February 23, 2009
Monday, February 16, 2009
Friday, February 13, 2009
Sunday, February 08, 2009
Tuesday, January 27, 2009
Sunday, January 25, 2009
Monday, January 19, 2009
Monday, January 12, 2009
Saturday, January 03, 2009
Petroleo Brasileiro (PBR)
Founded in 1953 and based in Rio de Janeiro, Brazil; Petroleo Brasileiro engages in the exploration, drilling and production of oil & gas. Between May and December 2008, price action declined over 400% in value tracing a seemingly five-wave Elliott formation with a fifth wave extension. Current price action may be consolidating into a corrective a-b-c formation as part of a broader bullish inverse Head & Shoulders pattern.
Thursday, January 01, 2009
Exxon Mobil Corp. (XOM) - Bearish Rising Wedge
Since mid-Oct 2008, Exxon Mobil has formed a seemingly bearish Rising Wedge pattern which saw a 30% rise in price action. Price action is currently finding resistance beneath the underside of the broken uptrend support of the Rising Wedge formation. An entrance into a short position with a stop on close above $81 may serve as low-risk trade towards a price objective at $70. Rising Wedge (Reversal)
Saturday, December 20, 2008
NetApp, Inc. (NTAP) - Inverse Head & Shoulders ?
Founded in 1992 and headquartered in California, NetApp engages in the design and manufacture of storage and data management solutions for storing, managing, protecting and archiving of business data. Price action is consolidating into a possible inverse bullish Head & Shoulders formation with $14.50 serving as Neckline resistance. An entrance into a long position at the 50-day MA may serve as a low-risk trade with a stop on close below $12.
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