The 50 sma was touched and now and so far it seems that it has reversed (atleast for the time being)... Today the indexes are down and should sell off as they are retreating from recent record high levels again the 50 sma is going to come into play ...

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one should be very careful; the usd index has broken out of its upper trend line of the daily... It is now going to test the 50 sma...! Hopefully it will turn back from there

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I wish I found out about it when I was a toddler...instead of playing with action figures and dinkies toys etc... Just imagine the thrills of price action & candlesticks!

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Yeah it is certainly tough... your daily ritual part reminded me of a "podcast" I heard recently by Rob Booker ( I am/will always be a student of the market & an Info/knowledge hog) regarding NLP and how it can be used to better ones trading! url ...

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Yes I got you the first time...just wanted you to make it clearer for others Read my last post again... I've basically explained the same thing you just stated!

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Sorry could you come again... what baffles you? *well on the contrary these days I am not* As I've stated in earlier posts I'm more of a momentum/breakout trader (thats my comfort zone...) I get hammered in ranging markets... So i lose money until I ...

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The one thing George Constanza and Warren Buffet have in common is that they do the opposite of whatever reason/logic tell them to do... George constanza got the yankees job a buffet became one of the richest men in the world...all by being ...

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I don't like to make price predictions... I only go by Price action and breaks of important support and resistance levels...but please I do respect the fact that the price can fall a lot lower...(at the end of the day who knows; what happens ) but ...

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Do you mean a bearish pennant (or even a converging triangle)? A wedge would need to have lower lows...? Either way in most patterns like this one should notice volumes and how they exhaust towards the break out... In this case the volumes have ...

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FOMC mintues are not going to affect the market much...as they will have nothing new to say...Everything is already priced in right now...but that being said there could be $10 dollar spikes in either direction... Ukraine war is still in the ...

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If gold holds 1294 level for the next couple of hours; hidden bullish divergence might push prices back up again... Even though the usd dollar index has bounced back up again... It probably will meet a lot of resistance on the upside and will ...

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Looks like Bloomberg was thinking the same thing: url * I find it funny how Bloomberg or any news channel tries to give meaning to a change in prices*

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I've heard since the gold importation ban; the gold jeweller's of Dubai are doing really well... as loads of indians go and do their gold shopping there now... Is this true? I have no doubt that India can outperform any other economy... After all ...

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Didn't you also hear that Japan is increasing military spending from now on... url If Abenomics doesn't work (there is always the old fashioned war route that can pick the economy up)

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