RoughDollars Best Charts - July 25, 2014 - 25% in two days....
A1 $$INDU 11 MO Channel
Pre Market for 7/28
It should be quite obvious by now that the big boys are propping up the futures $SPX and $INDU so that they can quietly unload stock positions. The gurus and pumpers will keep trying to talk up the market. We know now different....as the charts tell the story and show the truth.
MIDU and TNA both down over 10% from the July 4th high. The leader, SOXL is crashing. So one should be out here and not be suffering market losses. Trading MIDU, TNA and SOXL in a rising market can be great money makers until the trend reverses. And the solar stocks will also burn as this market retraces.
But where will one look now to make money? The metals market should be an excellent area where with its daily or weekly fluctuations should present many opportunities going forward. Trading and scalping will be the new norm, once it gets going. 25% profits in 2 days last week trading the new JDST and JNUG (TRADE CHARTS) was fantastic...
More to come, stay with RoughDollar!
A1 $$SOXL - WATCH Daily 3 MO Renko, 1024
A1 $INDU - 1 hour Heikin-Ashi, 1024
A1 $INDU - 2 hour 45 day TMS Area, 1024
Because of market volatility, all charts shown within should be used for short term trading only and not for longer term investing.
A1 $INDU - Daily 45 day Area, 900
A1 $S&P - Area - Daily 6 Mo, 1024
A1 $SPX - 1 hour Heikin-Ashi, 1024
A1 $SPX - 2 hour Candlesticks, 1024
A1 $SPX - 40 DAY Daily Renko, 1024
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
A1 $XIV - 2 hr 3 mo Area, 1024