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ES up from open – resistance zone at 838 to 840

Posted on January 23, 2009 Written by Chart Prophet

from eBook earlir this week >>Be extremely cautious of this market right now. All the major charts we follow are currently in a weak price location. Do not be long unless charts trade back above those POC levels. This may not happen. It … [Continue reading]

Caution: Weak price location

Posted on January 20, 2009 Written by Chart Prophet

Chartprofit Webcast - Charts to Friday 16th January 09 *********** PRICE PERFORMANCE Low last week was below the low of the previous five weeks. Within two weeks the sellers had negated all the gains of the previous four … [Continue reading]

Video Chart Check

Posted on January 14, 2009 Written by Chart Prophet

Video Chart Check Tuesday 14th January 09 … [Continue reading]

Rally may have run out of fuel

Posted on January 9, 2009 Written by Chart Prophet

From the eBook on Monday >>some of the sentiment measures are at levels that would indicate over-enthusiasm. If this is still Bear Market then that would be a problem, i.e. investors getting complacent...e.g. The 10dyma of the OCC option … [Continue reading]