RoughDollars Best Charts - Sept 2, 2014 - $NDX & $SPX at all time highs

Edward Hunt Has Had Over 50 Followers Rank: 20 Followers: 73 Votes: 252 Years Member: 5 Last Update: 2 September 2014, 12:51 Categories: Trend Analysis
General Market Commentary
ETFs

Sept 2, 2014 > Hope everyone had a great weekend and happy September to you. Had some time to update a few charts and also add some new charts. The new charts are ribbon charts, and listed under Solar Ribbon. I also did a ribbon chart for A2 Ribbon MIDU and A3 Ribbon TNA. The new charts were set up for 2 hour 2 mo. Ribbon charting is created using multiple moving averages, (MAV's). What these newest charts show is that the Solar Ribbon and the MIDU and TNA charts all had one thing in common. The one thing in common was they all gave buy signals around Aug 4th in unison when the $VIX peaked. The buy signals are marked and shown on all the charts along with the $VIX peak. Do take the time to look and study. Welcome new follows. This week should be interesting...Thanks for the votes, folks.

If you trade the market, emotions must be set aside. Trade the major turns as they happen. When they do, don't be afraid with mixed emotions, but do trade the turns. As I said before, if the price drops below your buy price, sell and wait for another entry point. Trading from emotions, does not work, but trading from good chart turn points will.
With patience and discipline, and chart patterns that repeat again and again, is how one can be successful at investing. Find a trading niche and stick with it. Small wins again, again and again will create wealth.

'Wealth can be had for those who wait, but not for those who hesitate.'
E. Hunt
A vote from you today? Happy trading my friend....

August 25, 2014 - Finished rearranging the chart list. Put the JDST and JNUG charts back to the gold section. Modified some of the solars and added 5 new solar stocks...and two new charts for QQQ, that are ready for trading.

Proverbs 3:13 Blessed is the man who finds wisdom, the man who gains understanding.

Less

A1 ! ! $ $ $ $INDU 11 MO Channel

August 29, 2014 - $INDU and $TRAN both have formed double tops. $SPX and $NDX at all time highs with indicators becoming over valued again. The $INDU has completed a rather large and defined double top, but it too could work towards the top of the channel (chart 1) , which would be around 17,300ish. Ok here's the door your looking for! Oct 7th is another Phi Mate date and yes another Bradley turn date on Oct 9th. Is all this voo doo? The last turn dates hit on the last bottom and started with the current rally.
So the three options we have are:
A. Turn dates will be non eventful this time.
B. We have another decline after the holiday and lasts for the month of Sept.
C. Current rally remains in tack until turn dates in Oct.
No clues yet other than the XIV chart looks to becoming tired and the acceleration rate is on declining volume. So your guess is as good as mine. However if you trade the market, emotions must be set aside. Trade the major turns as they happen. When they do, don't be afraid with mixed emotions, but do trade the turns. As I said before, if the price drops below your buy price, sell and wait for another entry point. Trading from emotions, does not work, but trading from good chart turn points will.
With patience and discipline, and chart patterns that repeat again and again, is how one can be successful at investing. Find a trading niche and stick with it. Small wins again, again and again will create wealth.

A1 ! $ $ $ $INDU - Daily 45 day Area, 900

A1 ! $ $ $INDU Weekly Area TMS, 1024

A1 !! $ $ $SPX:$VIX - 20 YR Weekly Candlesticks, 1024

A1 $ $SPX - 2 hour Candlesticks, Channel 1024

A1 $ SPX - Area - Daily 6 Mo, 1024

A1 $$$$ $ XIV - 1 hour Candlesticks, Custom (900X850)

A1 $$$$$ XIV - 2 Hr 10 Mo Candlesticks, 1024

A1 $$$$$a XIV - 2 hour Short Term Area, 1024

A1 $$$$$XIV - TMS Weekly Area, 900

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