RoughDollars Best Charts - August 26, 2014 - $NDX & $SPX at all time highs

Edward Hunt Has Had Over 50 Followers Rank: 20 Followers: 71 Votes: 266 Years Member: 5 Last Update: 27 August 2014, 10:47 Categories: Trend Analysis
General Market Commentary
ETFs

August 26, 2014 - $SPX 2000 was finally hit yesterday. $SPX still could move higher to the top of channel line (chart 5). With SOXL gaining $8.00 last weelk, selling came in to turn all indicators on the SOXL weekly Renko to a sell. So a blip or a turn? $NDX becoming toppy. The $INDU has almost 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 . Rest of the week should be interesting.
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...that are ready for trading.

August 22, 2014 - Not much from what J.Yellen said today, but the tensions in Ukraine escalating with Russia crept back in. Market becoming overvalued once again. Actually, it has progressively worked higher towards a double top. I will be reworking the charts over the weekend and try to improve chart arrangements and some chart setups. If MIDU, TNA and SOXL seem too pricey, then one might look at the solars again. Not to buy at these levels, but to wait for the next buying opportunities.
Scroll down to the solars and study the charts of CSIQ, JKS, TAN and TSL for a start. Very clean indicators, with timely turns. Less stressful, but powerful returns. Using the same chart setups and indicators, with patience and discipline, and chart patterns that repeat again and again, is how one can be successful at investing. I have discussed before, find a trading niche and stick with it.

'Wealth can be had for those who wait, but not for those who hesitate.'
E. Hunt
Proverbs 3:13 Blessed is the man who finds wisdom, the man who gains understanding.

Less

A1 ! ! $ $ $ $INDU 11 MO Channel

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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