Automated Trading Profit > Me vs. Wall Street: Monday's Trading Plan

[Me vs. Wall Street] Friday's action was a very interesting to say the least. The last hour of trading gave a retracement beyond 61.8% to what otherwise was to be yet another huge sell-off day.

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[Forex Mediator] Forex Mediator | USD/JPY: Dollar rally might have come to an end ...: Although the pair has managed to recover from Friday’s sell-off, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, observes that the Dollar might have lost its upward strength: “Last week’s ”˜doji’ candle adds weight to our view that the direction for the Yen is very uncertain indeed and that the rally since late January is probably over. This is because the move was 1.6 times the size of December’s rally and at the 50% Fibonacci retracement area of the previous decline.”

[Daily Markets] A Longer-Term Look At The S&P 500 Index | Daily Markets: Price also rallied sharply into Friday’s close which formed a Doji which is often seen as a short-term reversal pattern (technically, a doji represents “indecision” between buyers and sellers).  Also, we are at the bottom of the Bollinger Band…

[Futures Insight] Futures Insight » Swing Trader’s Insight Futures Watch List for ...: March S&P: Doji Friday means a directional move today? March NASDAQ: Last Wednesday’s 1062 low is support.

[Team Forex] USD/JPY: Dollar rally might have come to an end, says Mizuho ...: Although the pair has managed to recover from Friday’s sell-off, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, observes that the Dollar might have lost its upward strength: “Last week’s ”˜doji’ candle adds weight to our view that the direction for the Yen is very uncertain indeed and that the rally since late January is probably over. This is because the move was 1.6 times the size of December’s rally and at the 50% Fibonacci retracement area of the previous decline.”

[StockTock] Intraday Commentary ~ 3/3/09 - StockTock: If this selloff bottoms and turns around, I want to have the cash for when the S&P bounces to about 720 or 730 so I can buy back 120 to 140 shares of FAZ for every 100 sold. If FAZ still keeps rising before it dips and I leave some cash on the table, that’s the breaks.

[Option Addict] Alert! - Blog - Jeff Kohler the Option Addict | Stock and Options ...: For example, the recent prediction make by a fellow reader in the comments about a reversal in agriculture sounds like something I'd like to read...or another blogger commenting about financials being a good buy right now...perfect. Something actionable as opposed to theoretical is what I would prefer.

[The India Street] India Stock Market - Weekly Review - The Worst is Over | The India ...: Though Nifty lost a meagre 3.45 points, the trading session provided some clues for Thursday as total selloff was witnessed, with Nifty losing 191.60 points. On Friday too, index was once again deep in red;

[The Resourceful Bear Blog] Investment Strategies For Peak Dollar - By Richard: The doji in the parabolic rise in the chart of the US stocks relative to the world stocks, VTI:VEU, suggests that the Dollar Rally is over. Weekly charts Show The Stock Market To Be Trading On "Thin Ice" -- Ice So Thin It Can Give Way Any Day Sending The Markets Lower .

[The India Street] Weekly Stock Review and Price Correction May Continue Next Week ...: The meltdown in the Indian stock prices on Wednesday was attributed to negative news flow on sub-prime mortgage ”” which related to realty markets ”” worries from the U.S. While Asian markets witnessed a sharp fall in their indices, India’s Realty index was the worst hit, which was down by over 6.64 per cent and selling was seen in scrips across sectors.”

[Option Addict] Derivative Diarreah - Blog - Jeff Kohler the Option Addict | Stock ...: ZOLT from the OA watchlist - the current retracement looks like it has stalled (yesterday and today) at an old resistance area dating back to the beginning of 2006. May be time to short the (#$^#)@#&()*$&

[The Big Picture] Ugly Day | The Big Picture: Quoting Rosenberg: The Dow rallied a combined 1,502 points so this entire move off the November lows actually has come down to just six sessions and six sessions when the data were absolutely horrific…

[the evil speculator - one nefarious trade at a time] Only The Paranoid Survive | the evil speculator - one nefarious ...: The point I’m trying to make is that a Turtle might have looked at Friday’s close and been completely comfortable taking a long position right there as it satisfied the system 1 rule. It even complied with the entry filter in that the previous touch was unsuccessful - again more about that at some other time.

[StockTock] Intraday Commentary ~ 9/22/08 - StockTock: Barrons Econoday:  Late Sunday night, the Federal Reserve Board announced its approval of separate applications by investment banks Goldman Sachs and Morgan Stanley to become bank holding companies. Subject to a 5 day waiting period for potential anti-trust issues, these two investment banks will become bank holding companies and will be subject to direct regulation by the Fed.

[Bill Cara] Bill Cara: Cara's Commentary & Community Chat, Fri., Mar. 21, 2008 ...: "There is still no doubt that the majority of specialist gold market observers are looking for a return to higher prices over the next few weeks as gold price fundamentals remain exceedingly strong as Central Banks and institutions battle to counter the effects of the ever continuing global financial crisis. Much will likely depend on institutional liquidity, but the big climb back into the market from the jewellery sector should ensure that demand remains strong, at least at current prices, and the downside risk is thus more limited."

[the evil speculator - one nefarious trade at a time] Deja Vu | the evil speculator - one nefarious trade at a time: I'm still short /YG but I'll be quick to take my profits...In fact, it just threw a doji at the 50 SMA on an hourly timeframe, and however this next candlestick closes will likely determine whether or not I stay in or get out. This is a counter-trend trade and you can never underestimate the bullishness of gold, so I'll be quick to lock my profits in.

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