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  1. Whatís your angle?

    A quick note about bloggers including myself. Most of us write with a biased angle that is geared towards justifying our positions. Now that Iím 100% in the G-fund, I want this market to fall, so that I can accumulate more shares. It doesnít mean Iím looking through rose colored glasses, but it does mean Iím leaning more towards the Bears.


    One of the things I love about P&F charts is their ability to remove time from the equation and purely reflect price. This chart is showing ...
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  2. Last week of May

    Here are the closing prices for the last three Fridays. Green means Fridayís price closed above its SMA while red means it closed below. While prices have been trading sideways for the last three Fridays, we can see how the SMAs are trending down in relation to price.

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    On this chart we can see that after $SPXA50 & $SPXA200 have peaked, that prices on the S&P 500 drop significantly.

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    ...
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  3. Does this chart make my azz look fat?

    Time is valuable; every minute I waste is a minute I never get back so I try to get the most bang per buck possible.

    Looking at any chart, I should be able to quickly identify a Buy/Sell/Hold by classifying the direction of the trend, flow of money, and knowing the levels of support & resistance. If I canít do all of this within 1 minute, then Iím either wasting my time, or the chart is really messed up.
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  4. Different time frames tell different stories.

    Last night the futures were down, so I cracked open a 15 minute chart and looked to see where the downside action could go. In yellow, I drew in what I thought to be two deformed Head & Shoulders whose angles of descent were exactly the same.

    My theory was that the bigger H&S would follow the same path as its little brother and sure enough, (1 second gloat ) the pattern met my expectations.


    For tomorrow's action I'm keeping in mind the last time the ...
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  5. Searching for a winner?

    Sometimes when a new member joins the forum, the inevitable question arises. How should I invest my TSP contributions? Luckily for the new member most of the veterans respond with the sage advise of ďfigure it out for yourself.Ē After all, I myself would not want to be indirectly responsible for someone losing their life savings based on a guy who obsessively draws on his charts with a big fat Jeff Macke crayon.

    Usually if I feel like chiming in, Iíll tell the new fellow to ďFollow ...

    Updated 05-27-2009 at 11:42 AM by JTH

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