We've moved on to the next pub folks. This one has run out of suds. Please feel free to join us at the new digs.
The previous pub session (March 18th) was located here and we enjoyed some great discussion back there about some really good charts, so feel free to revisit that post at any time. We'll bring some of those charts forward if required.
Well it seems that this room is catching on and the right kind of people are showing up here. So here we are at a fresh pub since the previous one was getting very clogged with conversation. That's wonderful. I'm glad some of you have accepted the opportunity to exchange ideas in a friendly room. The whole idea here is to help each other. We act like a team here. Those who opt to disrupt the team's good karma or whose goal it is to attack others won't last long in here. Other than that, you're free to post whatever you like (within reason... you know what I mean). I'd thrown out the idea that some of your own charts can also appear up here in the main post, but I'm starting to think that we had better restrict those ones to what is most current. I mean, our goal here is to trade well tomorrow and all week, so I think charts that might help us do that should be up here. Also, I've opened myself up to creating disappointment for some if I don't put their chart up here. So we'll play that one day at a time. I don't mean to offend anybody so maybe that wasn't such a good idea. So I'll start if off with the first chart below which, as you can see, looks eerily like a nice frosty pint of beer.
|Potentially this could develop into one heck of a nice classic H&S pattern. Almost perfect at the moment. Click here for a live and updating version. If you can't see the annotations, here's the print version. And a much closer look.|
|We've moved on to the next pub folks. Feel free to join us there.|
|The NDX is the only major index remaining with a gap beneath. Click here for an updating print version.|
|S&P Daily - This chart was taken from the article that discussed what seemed impossible back in January, "But What If?". Click here for the live and updating version.|
|$DAX DAILY - The action in the $DAX is looking toppy now. But really, we need to see more. For example, if those moving averages roll lower (and the first one has), we still need to see that lower trend line be broken. And then there's the issue of getting below the level identified by the horizontal red line. Click here for a live and updated chart.|
|Just a few levels of importance. Click here for a live "print" version that covers a longer time span and shows 2 trend lines.|
|AAPL is abandoning the NDX today. This is a VERY bad sign if it continues. Click here for a live and updating chart.|