Today I am using Advanced Get (eSignal) to get a watchout for the next one or two weeks. Ok, what we see?
SP500 Elliot Wave Analysis 16. May 2009
On the 8th of May we had a high (930) and this high was the end of the Elliot Wave 3. A strong “Make or Break” line (the big blue barrier) showed me long before this point was reached that it could be important to watch this price level. But where the price will go now? Some forecasts for the end of Wave 4:
First Support Level: 865-875 Second Support Level: 830-845 Third Support Level: 805-815
I personaly think that the price will reach only the first support level, because the uptrend is still OK. Watch the trend lines, there is no critical break out. And if the price stays inside the lines the SP 500 is still bullish.
SP 500 Webotron Stocks Chart 05.16.2009
And what says the Webotron Stocks chart.
The automatic trend detection shows us a trendless phase (no red or blue area) and the 2 last candles are small and have small bodies. Two indications of perplexity. Currently nobody knows the direction.
A trendline is holding the price and a support line (870) is waiting to catch the price if it will lose control.
And the best of all, the SP 500 is oversold (blue points).
My forecasting: Next resistance at 930 and the next target will be 975-985. BTW this level could also be the end of wave 5 and the beginning of a downtrend.
The next week (or the week after next) I am hopeful to go LONG. (probability: >85% )
ATTENTION! READ THIS DISCLAIMER
The information expressed on this pages is based upon the interpretation of available data. The data being presented was obtained or derived from sources believed to be accurate, but Webotron can not and does not guarantee the accuracy of these sources which may be incomplete and or condensed. The data and information presented is provided for informational purposes only, and is not offered as a basis for trading in securities nor is it offered for that purpose. Users of the Service should conduct their own independent investigation before making any investment or business decisions with respect to securities covered by the Service. Neither Webotron nor any of its data or content providers shall be liable for any errors in the information or delays in its delivery, or for any action taken in reliance thereon. Nothing contained herein should be construed as a recommendation to buy or sell any securities.
Keep in mind: “There is risk of loss in all trading!”
Hey, everywhere on the net you can find trading signal services with promises like +2,000 pips a week, etc. I tried 3 services but there was no holy grail.
Now I found a service which promisses 100% accurate signals. A lot of postive customer statements (I think written by one person LOL) Link.
Claim: Our Revolutionary Forex Trading Signals Are Guaranteed To Give You 100% Profitable Winning.
I can not believe, that people who built a 100% accuracy trading signal service, need to sell the signals. With the help of this system they can act as a money machine and they could reach the 1 million bang with a 300 usd Forex mini account within a short period.
BTW: I used the profits calculator on their site. 500 usd initial capital = 8000 usd a month. My gosh, I stop working.
PLEASE, if you know a good trading signal service, send me the link. I have hope
Today I want to introduce you to Zulutrade.com. It’s a great service for Forex traders. No need to have your PC on, their robots trade for you. I love it.
Zulutrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers).
You don’t have to study or monitor the market to make a good trade, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and Zulutrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it’s completely FREE!
All you have to do is provide Zulutrade with the name and account number of the brokerage firm you’re trading with. Sign and fax the LOD required by your broker, to authorize Zulutrade to bridge the experts advice with your broker account.
Try the free $50.000,00 demo account. Play around with it, let it trade for you. Enjoy my friends.
It’s the third time that the NASDAQ 100 reached the 1280-1290 resistance during the last 90 days. Oh guys, 3 times is powerful and indicates a strong barrier.
I pray that the Nasdaq 100 has enought power to break this resistance. If the NASDAQ 100 fails, the next support lines should be 1240 and one more step down 1160. But if the indice wins the fight, I see a target of 1330.
The next days we will see the direction.
ATTENTION! READ THIS DISCLAIMER
The information expressed on this pages is based upon the interpretation of available data. The data being presented was obtained or derived from sources believed to be accurate, but Webotron can not and does not guarantee the accuracy of these sources which may be incomplete and or condensed. The data and information presented is provided for informational purposes only, and is not offered as a basis for trading in securities nor is it offered for that purpose. Users of the Service should conduct their own independent investigation before making any investment or business decisions with respect to securities covered by the Service. Neither Webotron nor any of its data or content providers shall be liable for any errors in the information or delays in its delivery, or for any action taken in reliance thereon. Nothing contained herein should be construed as a recommendation to buy or sell any securities.
Keep in mind: “There is risk of loss in all trading!”
Did you ever searched for a medicine to cure the pain of a lost stock trade?
I found it and the best of all, it costs not a penny. I talk about a music video from the Monthy Pythons. I know, not everyone likes the Monty Pythons, but watch the video and your pain will go. It’s a gift to your soul. Start the video, sing loud and the great feelings of a person who lives to win are near.
Keep in mind: “Always look on the bright side of life.”
An update for my friends the short term traders: The last candle with the small, small body shows us the location of the next short term trading resistance level at 1240-1250. No one wants to pay more and no one wants to sell for less at this level, a typical borderline situation.
The automatic resistance line (blue) confirms the level of round about 1250, but that’s not all, the price tested this level more than one time (08. December until now). This indicates that the level of 1240-1250 could be a strong resistance. Read the rest of this entry »
There is this new music composition software from Microsoft called Songsmith. Songsmith generates musical accompaniment to match a singer’s voice. Just choose a musical style, sing into your PC’s microphone, and Songsmith will create backing music for you.
Now somebody used the software to create a scary music video. The story of the video: The Financial Crisis. Have fun watching the video or cry
If you believe it or not, there are Stock Traders who trade with the help of Feng Shui. But what is Feng Shui? Feng shui is an ancient Chinese system of aesthetics believed to utilize the laws of both heaven and earth to help one improve life by receiving positive Qi (energy flow of life).
Many modern enthusiasts claim that Feng Shui is the practice of arranging objects to help believers achieve their goals. And for these people i developed a special Feng Shui interface for Webotron Stocks.
Here you can see 3 buttons. The first one is the BACKTEST button. After adding a trading system to the stock chart you can perform a backtest by clicking on this the button. The click opens a trading system backtest page with a lot of information about the trade. The second button uses a choosen trading system to test it with all stock symbols. The third button uses the choosen stock symbol to test it with all included stock trading systems.
Use this panel to choose a stock trading system. But before you can choose a trading system you have to open a price chart (see 3).
Inside this panel you can find all stock symbols. Click on your favorite symbol to open a chart.
These 2 buttons offer addons. The first one opens MrTicker.com an trader news webpage which you can customize. The second button opens AssetVideos.com a page full of fresh daily videos for traders.
All these checkboxes are trade advisor maps. From Candlestick Advisor to Trendline Advisor.
The stock chart.
The stock chart navigation.
The advertising area. Because of this Webotron Stocks is an adware
I think the Webotron Stocks Trend Advisor (map) is a very cool software feature for every technical trader. And the best of all, it does the job totally automaticually.
So if you want to see the up and down trends more clear on your stock price chart just switch the Trend Map on by clicking on the “Trends” checkbox above the chart.
