Tuesday, November 29, 2005

20051129 Russell is holding at the 9 ema support, which if holds, lends to a view of the retest of the highs. However CCI momentum is slowing. Posted by Picasa

E-mini Russell 2000 chart

Monday, November 28, 2005

20051128 A retracement to rest on the moving average support, would be looking for another ZLR to climb aboard the uptrend. Posted by Picasa

E-mini Russell 2000 chart

Friday, November 25, 2005

20051125 Waiting for pullback to the movings to long and climb on board the bull. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, November 23, 2005

20051123 Surprise in the consumer sentiment figures powers Russell futures higher, again. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, November 22, 2005

20051122 Powers higher on the Fed minutes, that could spel the slowdown in the interest rate hike cycle. Posted by Picasa

E-mini Russell 2000 chart

Monday, November 21, 2005

20051121 Higher on continuatin of the momentum generated from the ZLR buy signal. Posted by Picasa

E-mini Russell 2000 chart

Sunday, November 20, 2005

20051118 Further strength on options expiration day. 678 is key resistance, a possible level to look for scalp shorts. Posted by Picasa

E-mini Russell 2000 chart

Thursday, November 17, 2005

20051117 A ZLR buy signal is in force, might be good to bid to buy on pullbacks. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, November 16, 2005

20051116 Russell in quiet trade, trying to move lower to test for stops. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, November 15, 2005

20051115 Breaks below the 9 ema support. Big black candlestick indicates selling interest. Should see further weakness, at least into the opening on Wednesday. Posted by Picasa

E-mini Russell 2000 chart

Monday, November 14, 2005

20051114 Russell came down tag the moving average and ends off lows. However market is extended, selling rallies or buying some Dec puts at the money might be a trading idea. Posted by Picasa

E-mini Russell 2000 chart

Friday, November 11, 2005

20051111 May be an opportunity to take s swing trade short next week short term. CCI has gone above +100 indicating strong momentum though. Posted by Picasa

E-mini Russell 2000 chart

Thursday, November 10, 2005

20051110 Continuing the move higher, CCI momentum prevails. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, November 09, 2005

20051110 Still sideways action, some resistance, which if broken will see acceleration to upside. Below 654 could probe to test weak long stops. Posted by Picasa

E-mini Russell 2000 chart

Tuesday, November 08, 2005

20051108 Continues to consolidate strong gains. On balance shud be positive, but the price action willl confirm. Posted by Picasa

E-mini Russell 2000 chart

Monday, November 07, 2005

20051107 Sideways pattern, consolidating gains, which if the highs break, would reinforce the bullish stance. Posted by Picasa

E-mini Russell 2000 chart

Friday, November 04, 2005

20051104 A respite frm the torrid upmove, with an ID pattern forming today. This indicates possibility of breakout trade either side If the break is down, then 1212 remains support for possible long, with good upside CCI momentum. Posted by Picasa

E-mini Russell 2000 chart

20051104 Weakness moved the Russell to 654, the mov avg level which ended up being a good level to buy to enter the current uptrend. CCI momentum still remains strong to upside. Posted by Picasa

E-mini Russell 2000 chart

Thursday, November 03, 2005

20051103 Loking for the moving averages for buying support. CCI momentum is still strong, but the candlestick shows signs of some selling, which could be due to profit taking. Posted by Picasa

E-mini Russell 2000 chart

Wednesday, November 02, 2005

20051102 Russell broke out of the ID pattern and the mov avg level 649 with a powerful upside move through the resistance levels. Should be on the lookout for intraday moves back down to enter the uptrend. Posted by Picasa

E-mini Russell 2000 chart

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