Saturday, August 22, 2009
Tuesday, June 23, 2009
Morrise asked me to post some charts showing the six moving averages I've been experimenting with. They are the 20, 50 and 200 SMA and the 13, 34, and 200 EMA.
The SMA's will be the larger, dotted lines.
These are Prophet charts set to a two year time frame. I'm using OHLC bars instead of my usual candles for a cleaner look. The full stoch set at 14,3,3 is in the study set with the MA's, so I left that on as well.
Bill Luby at Vix and More suggested drawing fib retracements from the time of the LEH blowup to the March lows. This has worked out nicely on many charts for the price action since the lows. I have taken license to make slight adjustments on some fibs to make them align perfectly with two or more retracement levels.
I hate to post a $SPX chart since everybody does, but I'm afraid my membership with the Society of Wannabe Chartists will be revoked if I don't. :-)
I'll post this one sans moving averages since the item of interest here is the fib fan dating back to the 1932 lows. This will be a tough nut to crack.
AAPL seems to like the 13 and 34 EMA's. AAPL touched the 34 and a retracement today and may be due for a bounce.
WMT likes the 13 EMA and the 50 SMA. Neither of the 200's seem to offer support or resistance.
No post would be complete without the siren of the stock market, AZO. This wench has taken more money from the bears than anything, except perhaps FAZ.
I posted this one a while back when we were all excited about shorting it for the 917th time. I said something like "if we get a solid break of the red line there's nothing but air down to 137.50." Well, we've been tearing up that red line, but it won't break down. So much for that analysis.
the 13 and 34 EMA and the 50 SMA seem to offer the best support and resistance on this chart. And that's all for tonight,
The SMA's will be the larger, dotted lines.
These are Prophet charts set to a two year time frame. I'm using OHLC bars instead of my usual candles for a cleaner look. The full stoch set at 14,3,3 is in the study set with the MA's, so I left that on as well.
Bill Luby at Vix and More suggested drawing fib retracements from the time of the LEH blowup to the March lows. This has worked out nicely on many charts for the price action since the lows. I have taken license to make slight adjustments on some fibs to make them align perfectly with two or more retracement levels.
I hate to post a $SPX chart since everybody does, but I'm afraid my membership with the Society of Wannabe Chartists will be revoked if I don't. :-)
I'll post this one sans moving averages since the item of interest here is the fib fan dating back to the 1932 lows. This will be a tough nut to crack.
AAPL seems to like the 13 and 34 EMA's. AAPL touched the 34 and a retracement today and may be due for a bounce.
WMT likes the 13 EMA and the 50 SMA. Neither of the 200's seem to offer support or resistance.
No post would be complete without the siren of the stock market, AZO. This wench has taken more money from the bears than anything, except perhaps FAZ.
I posted this one a while back when we were all excited about shorting it for the 917th time. I said something like "if we get a solid break of the red line there's nothing but air down to 137.50." Well, we've been tearing up that red line, but it won't break down. So much for that analysis.
the 13 and 34 EMA and the 50 SMA seem to offer the best support and resistance on this chart. And that's all for tonight,
Saturday, March 21, 2009
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