Another "Kill 'em Both Bulls & Bears" Session.

My ES TREND Chart above...Well, well, well...First, they had the Bears happily shorting the market at the get-go, then they got them covering their shorts, and the Bulls came charging, Then when the Bears were licking their wounds, and the Bulls fueling a Breakout, the Bulls were brought down to earth in a single thud. What a way to end this week's trading. Have a good weekend, everyone!

ES TREND Chart: Change of TREND Last Night...But Seriously, Nothing Has Changed.

My ES TREND Chart above...It was a trick Houdini himself would have been proud of but last night's "Kill 'em Bulls & Bears" session has really not changed the bigger picture...yet.The ES SWING Chart is still very much in a Bear TREND (See Charts below) and now PRICE, is merely heading back up to challenge last PRIME Resistance at 962.50. And unless PRICE is able to Breach this Resistance level,

ES POSITION Chart: PRICE is Challenging Last PRIME Support at 825.00

My ES POSITION Chart above...There's no stopping this Bear. At the rate the market is going, be prepared to see 825.00 on the ES, challenged any time soon."PRICE will continue to move in the direction it is going...until it fails"Words spoken by my Mentor, and which till today, continues to stick like glue, in my mind, whenever I trade.At the moment, "A Beary Christmas" seems more appropriate,

Latest: Leg 1 of Bear Break on ES SWING Chart

My ES SWING Chart above...PRICE just cleared last PRIME Resistance (992.50) a couple of minutes ago, effectively giving us Leg 1 of Bear Break. Are we gonna see a change in the TREND, on the SWING Chart, due to the Presidential Elections?

Consolidation

My ES TREND Chart above...With reference to my last post, PRICE has yet to break last PRIME Resistance of 992.50, on my SWING Chart. Last night's market action merely showed PRICE in consolidation mode, and gearing up for the next move. Expectation is still for PRICE to fail, in its challenge of 992.50. Stay tuned...

Merely a Pullback?

My ES SWING Chart above...Nothing from the above chart suggests that the market is done going down. It just points to a temporary bottom, in which PRICE is now heading back up to challenge last PRIME Resistance at 992.50. Another PPF, or failure at Resistance would merely reinforce the Bear TREND, the SWING Chart is currently in.

Woo Hoo !! More Downside to Come !!

My E-Mini Crude (QM) SWING Chart...Notice the difference in this posting, against the earlier one, regarding the SIMSCI chart? Hehehe...This chart would bring much joy, to the many car owners around the world (but not OPEC).

More Downside to Come

My SIMSCI SWING Chart above...Having broken last PRIME Support as shown, I'm afraid there is some more downside to come, for the Singapore market. We are about closed to 50% off the highs in May 2008. Scary Bear!

ES TREND Chart: Breaching Last PRIME Support of 974.50 would delay up move.

Current Globex PRICE movements look a tad weak. Breaching 974.50 would simply mean a delay in the upmove. But then again, anything is possible, when it comes to the market...

Online Webinar on Wednesday October, 15, 2008: Noon Eastern, 9 AM Pacific

Those of you interested in learning how to trade futures, register at this free Online Webinar to find out more about their trading methodology. Seats are limited.

ES SWING Chart: Possible Back Door Bear Break

My ES SWING Chart above... My ES POSITION Chart above...With the ES POSITION Chart still heading back up to challenge last PRIME Resistance, the expection is then for the SWING Chart to head back up to challenge yesterday's session high of 1067.00. Breaching this Resistance, on the SWING Chart, would thus give us Leg 1 of Back Door Bear Break. Watch for PRICE Action on the TRADING & SWING Chart,

EURO Futures SWING Chart: A Pull Back on the Cards?

My EURO Futures SWING Chart above... My EURO Futures POSITION Chart above...With PRICE currently in PRIME Support in both my SWING & POSITION Chart, the expectation would be a bounce before PRICE continues its Bear TREND.

Capitulation

My ES SWING Chart above...This week has been a terrible week on the whole, for global markets. The ES alone has dropped closed to 200pts!, in just a span of 4 days! The bad news is that looking at PRICE action, there could still be more downside to come, before support hits in.

Markets Go Lower

My ES SWING Chart above...Despite efforts by Lawmakers and the FED's action last night, the ES continued to tank. PRICE is challenging last know Supports and breaching them. Now, who says that the market cannot be in a constant state of being "oversold"...?

LATEST: Full 3 Leg Bull Break on the EURO POSITION Chart - BEAR TREND

My EURO POSITION Chart...Well, what can I say? The chart speaks for itself.It sure looks like the US Dollar has turned a corner...

SIMSCI SWING Chart: Will We See A Bottom Here?

My SIMSCI SWING Chart above... My SIMSCI POSITION Chart above...PRICE is still heading down, and unless we see a failure (PPF) of last PRIME Support (285.70) in this downmove soon, the Bear TREND will just continue...

Alonso Wins Singapore's First F1 Night Race

Fernando Alonso surprised himself, after winning Singapore's First F1 Night Race. Having to start at 15th Position, his race was practically over, but with a series of crashes and pit stop mishaps, the Spaniard zoomed to the finish line, followed by Rosberg, and Hamilton.All in all, the Inaugural Singapore GP proved to be a hit with everyone concerned. For more news and pictures, click here, for

Again, Nothing Has Changed...

My ES SWING Chart above...As per last post on Wednesday, I had expected PRICE to head back to PRIME Resistance but alas, it failed, and it went back down to create a Lower PRIME Support instead. Now, with PRICE already in PRIME Resistance, the expectation of course, is to see another failure (PPF) of last PRIME Resistance at 1282.00. And until that happens, we still have about 40 odd ES points,

Breaking News: Federal Reserve Bails out AIG with $85B Loan

Just out: FED bails out AIG with US$85B Loan. Click here for more details of the news, or to CNN Website.

ES SWING Chart: Bear TREND. PRICE Now Heading Back Up to Challenge PRIME Resistance

My ES SWING Chart above...Other than the ES POSITION Chart having created new PRIME Support, nothing has changed, even with last night's pullback in PRICE. The Bear TREND has been established and for now, PRICE is merely retracing its steps to challenge last PRIME Resistance. Expectation of course, is for PRICE to create a PRIME Lower High.

Lehman Brothers' Failed Talks Causes Big Slump in Pre-Market Activity

My ES TREND Chart above...Price on the ES has taken a hit, after news of the failed talks between Lehman Brothers & Barclays had been made known over the weekend.Last Friday's market action pointed to some more upside(before turning down again) for the ES but with this downward spike, the risks to the down side has increased again, barring any positive news for Lehman's survival.

ES SWING Chart: Bear TREND. Leg 3 of Bull Break just Occurred

My ES SWING Chart above...PRICE just made a PRIME Lower Low - Leg 3 of Bull Break. We are now in a Bear TREND. PRICE is heading down to challenge last PRIME Support of 1200.75, on the POSITION Chart. Look out below!

Indeed, A Sucker's Rally....As Warned Earlier. Down Move Exacerbated by Lehman's Announcements

My ES SWING Chart above...The above screen shot was taken just 3 minutes ago and you can see clearly that Monday's move was clearly to kill both Bulls & Bears. Making a New PRIME Low now, would complete all 3 Legs of the Bull Break, as mentioned in my last post on Monday.

Fannie & Freddie Bailout. A Sucker's Rally? Or A Possible Change in TREND?

My ES SWING Chart above...Well, what do you think? Is it merely a pull back of sorts, or is it the real thing? Unfortunately, looking at the chart above, PRICE is merely telling me that it is retracing what it lost, in the past week. Nothing has seriously changed (from a "Price Action", standpoint). In fact, a failure (PPF) to clear previous PRIME Resistance High of 1303.50, would put this whole

ES POSITION Chart: Heading for a New PRIME Lower Low?

My ES POSITION Chart above...Judging from the PRICE action since Tues, it sure looks inevitable that a New PRIME Support will be created pretty soon. That would simply be in line with the current Bear Market activity we have been witnessing for the last 2 months, after confirming the Bear TREND, on the POSITION Chart.

EURO Futures SWING Chart: Another PRIME Lower Low

My EURO Futures SWING Chart above...It looks like another round of carnage for the EURO. The POSITION Chart is about to turn down again and if that happens, brace yourself for some more downside.Clearly, PRICE is still heading in the direction it is going, until it fails.

PRICE Still Heading Up...But Beware!

My ES SWING Chart above... My ES POSITION Chart above...Looking at the SWING Chart above, PRICE is still heading up as the Higher Highs & Higher Lows dictate. However, with the POSITION Chart in Prime, and pointing down, do watch out for a possible failure, ie. PRIME PPF of Resistance on the SWING Chart, thus putting an end to the Bullish upmove so far.

Big Crack on the EURO's Bull Trend

My EURO Futures POSITION Chart above...It's not pretty but charts don't lie. The huge drop in the EURO Futures in the past week or so, has created a big dent, on it's spectacular Bull Run which started slightly more than a year ago. This Leg 1 of Bull Break has definitely provided a much welcomed relief in the US Dollar's plight, for the longest of time.

Bear Market Action

My YM POSITION Chart above... My ES POSITION Position Chart above...Hi Guys, sorry for being "away" for the past 3-4 weeks. My day job has really been taking a toll on me and it has been tough, just juggling between updating the blog, and whatever free time I have with the family, and for myself.Anyway, here's the latest update on the market action...For the past 3 weeks, PRICE has been inching

Update of Macquarie Warrant Hotshot Competition

Hooray!! I made it to the Top 5, in my category (private investors) today (29th Jul), in terms of percentage gains !!!I came in 5th, for posting 28.56% gains for this week, since Monday.I still do not know how to put up the screen shot...been too busy with work, and thus the non-update of this blog. Will try to find some time tomorrow, to get the screen shot up on this blog.Now, I need to work at

Macquarie Warrant Hotshot Competition

Sorry for disappearing for more than a week...my dayjob has been keeping me pretty busy.In any case, just wanted you guys to know that I've signed up for the Macquarie Warrant Hotshot Competition here in Singapore, which incidently starts today. Being a Competition, Money Management gets thrown out of the window, literally.I've always wanted to see how effective it was, using Futures Charts to

Down The Drain...

My ES TREND Chart above...The Bulls were quickly brought back down to earth with last night's tradng session and today's pre-holiday trading session is clearly no different, judging from the continued Lower Lows and Lower Highs created. It sure looks like the Bears are simply in control...at the moment.

A Reprieve...Or Is It Another False Dawn?

My ES TREND Chart above...Last night's session ended with a Leg 1 of Bear Break towards the close. And with only 2 more trading sessions below the long weekend holiday, I suspected a possible bounce could well be on the cards. A PRIME PPF of Support above would be the best gift for this coming Independence Day weekend.

YM POSITION Chart: Leg 3 of Bull Break Formed - BEAR TREND !

My YM POSITION Chart above...Yes folks, it's official...the YM POSITION Chart is in a Bear TREND. PRICE made a PRIME Lower Low last night, forming Leg 3 of Bull Break, and completing the full 3 Legs, thus giving us a Bear TREND. The ES has yet to confirm the third leg but I guess it's just a matter of time.

Bear TREND

My ES POSITION Chart above... My ES SWING Chart above... My ES TREND Chart above...Thursday's PRIME HH proved to be just a blip as the Bear TREND asserted itself again last night, by invalidating the previous day's Leg 1 of Bull Break with a PRIME LL, followed by PRIME LH and PRIME LL again - Clearly, Bear TREND PRICE actions.Looking at the SWING chart shown above, PRICE still needs to create a

Leg 1 of Bear Break Invalidated...Resumption of Bear TREND

My ES TREND Chart above...10:17pm Clearly, "a picture tells a thousand words"...PRICE fell through PRIME Support, thus putting the ES back into a Bear TREND.

Leg 1 of Bull Break, on the ES TREND Chart

My ES TREND Chart above...With the PRIME HH (Leg 1) achieved last night and with the SWING Chart still pointing up, PRICE looks set to move higher, provided we get all 3 Legs of the Bear Break to revert the current Bear TREND.

ES TREND Chart: Bull TREND Threatened...

My ES TREND Chart above...Last night's session low, and the after market low has breached last PRIME Support at 1351.50, thus creating Leg 1 of Bull Break. And with the SWING Chart pointing down, PRICE looks set for more down side in the coming sessions, albeit a pull back in the TREND Chart, to give us Leg 2 of Bull Break.

E-Mini-Crude (QM): Bulls 0, Bears 0

My E-Mini Crude (QM) SWING Chart above...The failed breakout last night from a triangle chart pattern clearly killed both the Bulls, & the Bears. Protective Stops (long & short) would have been triggered by the breakout, and as well as the subsequent failure. Truly, it was the market's way of wiping out all parties in sight!

Downmove Shortlived...

My ES TRADING Chart above...12:54am PRICE has just made a PRIME HH, ending the downmove prematurely - especially so when the TREND Chart has also started to turn up again. Expectation now is for PRICE to challenge 1364.25 and to breach it. But first, it must clear 1363.50 convincingly first.

PRIME PPF of Resistance on the TRADING Chart...PRICE heading down

My ES TRADING Chart above...12:07am We have a PRIME PPF of Resistance on the TRADING Chart. And with the TREND Chart pointing down, PRICE is now heading back down to challenge PRIME Support of 1351.50, on the TREND Chart.

Minor PPF on ES TRADING Chart & TREND Chart Turning Down...

My ES TRADING Chart above...10:44pm With the above 2 factors occuring, expectation now is for PRICE to head lower...but as usual, do watch for the unexpected, to happen...10:51pm Well, well...looks like PRICE is still not done going up.

PRICE Has Just Made An Interim Bottom...

My ES TRADING Chart above...10:16pm. PRICE just made a PRIME HL, at about 9:47pm (Singapore Time) on my TRADING Chart, and with the TREND Chart pointing up and in PRIME, the expectation is now for PRICE to head back up to challenge PRIME Resistance of 1464.25, on the TREND Chart.

Crude Continues to Press Higher - Widely Rumoured Price of US$150 Not Impossible

My E-mini Crude(QM) SWING Chart above...Crude continues to defy gravity and with the POSITION Chart still pointing up and yet to reach PRIME Resistance, I guess it will be a self-fulfilling prophecy that Crude eventually tests US$150/-.

SIMSCI SWING Chart: Leg 1 of Bull Break

My SIMSCI SWING Chart above...With this Leg 1 of Bull Break, it sure doesn't bode well for the Singapore market. Why? Well, the POSITION Chart is also pointing down and it means that PRICE is heading down, to challenge last PRIME Support and we'll just have to see if PRICE eventually Breaches, or fails to Breach, that Support level. Be prepared for more pain...for the Bulls, that is.

Bear TREND Continues, After Last Night's Blip...

My ES TREND Chart above...11:01pm. Today's trading session started off with a bang...to the downside, that is. Looks like last night's PRICE action was merely a blip, or what we call an "illogical oscillation". With the SWING & POSTION Chart still pointing down, expectation is for more downside to come...

Carnage

My ES SWING Chart above...What started off as a promising move the night before for the Bulls, quickly diminished as yesterday's trading session went on. Disappointing unemployment data, coupled with Crude making another new high, proved to be too potent, and resulted in a 50-point downside move, for the ES. That effectively killed off the Bulls' attempt of reversing the Bear TREND.

The Bears Have Swung Things Over...

My ES SWING Chart above...2:52am. The Bears have swung things over in their favour...PRICE has just breached last PRIME Support, thus effectively negating yesterday's stellar session of Leg 1 of Bear Break. We are back in a Bear TREND, on the SWING Chart.

Potential Temporary Bottom Setting Up, On The TREND Chart...

My ES TRADING Chart above...12:17am. PRICE has to take out 1381.75, in order to reverse the Bear TREND since the start of the trading session.01:08am. PRICE only managed to match 1381.75 and worst still, it has gone on to make a Lower Low. It looks like more downside...

Unfavourable Data Fries The ES

My ES TREND Chart above...10:03pm. This snapshot taken about 2 minutes ago shows the Bulls being fried!! So much for the Leg 1 of Bear Break, on the SWING Chart. Will have to wait & see if PRICE reverses altogether.

Wow! ES Defies Gravity...

My ES TREND Chart above... My ES SWING Chart above..." Expect the Unexpected "...well, this statement holds true for last night's trading session. Expectation was for PRICE to continue lower on Wednesday's trading session but at the start of the session, PRICE made an unprecedented Higher Low, on the TREND Chart, giving the first glimpse of a possible change in TREND. The 2 Legs of Bear Break

We are going down, folks...

My ES SWING Chart above...With Leg 3 of Bull Break established last night, PRICE has effectively given us a top at 1440.75. And with the POSITION Chart turning down at the same time, do expect more downside to come, as PRICE heads down to challenge last PRIME Support, on the POSITION Chart.

Nikkei 225 Futures SWING Chart: Continuation of Bull TREND

My Nikkei 225 Futures SWING Chart above...PRICE made a PRIME Higher High earlier before the lunch break today. This effectively continues the Bull TREND that was formed in Mid May, by the 3 Leg Bear Break.And with the POSITION Chart turning up, we should see this Bullish TREND continuing for a while.

Is The EURO Running Out of Steam?

My EURO Futures POSITION Chart above...Is the EURO Futures finally setting itself up for a Top? With the PRIME PPF (Lower High), the expectation now is for PRICE to take out last PRIME Support at $1.5255, thus creating Leg 1 of Back Door Bull Break. Who knows, perhaps the "Demise of the Dollar" should be renamed, the "Rise of the Dollar" instead?Stay tuned, folks....

Will We See a Full 3 Legged Bull Break On Both The ES & YM POSITION Charts?

My YM POSITION Chart above... My ES POSITION Chart above...It is interesting to note that PRICE is already in PRIME, for both the YM & ES POSITION Charts. Though not an indication that PRICE is ready to rally back up, it does however, give one the "perception" that we may not get the Full 3 Legged Bull Break afterall. A challenge & breach of last PRIME Resistance would throw a spanner in the

ES SWING Chart: End of Leg 1 of Bull Break

My ES TREND Chart above... My ES SWING Chart above...PRICE gave us a confirmed bottom last night with a PRIME HL on the TREND Chart, thus ending Leg 1 of Bull Break, on the SWING Chart. And with the SWING Chart still pointing up, we shall now see how far Leg 2 of Bull Break will bring PRICE to, before coming to an end.

ES SWING Chart: Leg 1 of Bull Break Has Just Occurred

My ES SWING Chart above...Leg 1 of Bull Break has just occurred, ie. a PRIME Lower Low. PRICE is still heading down, until it fails, and that is where the new PRIME Support will be established.

E-Mini Crude (QM) Continues to Defy Gravity

My QM SWING Chart above...As of 11:53pm, Singapore Time, PRICE keeps heading higher and higher...and with no failure in sight, as yet.

ES TREND Chart: 3 Leg Bull Break, But...

My ES TREND Chart above... My ES SWING Chart above...Looking at my TREND Chart above, PRICE has completed a 3 Leg Bull Break. But looking at the SWING Chart, PRICE is merely heading down to challenge last PRIME Support, to establish a possible PRIME Higher Low, for the Bull TREND to continue...Will be looking for signs of that base to be established, on the TREND Chart. Watch for it...

EURO Futures SWING Chart: Leg 1 of Bear Break (as warned in my last post)

My EURO Futures SWING Chart above...I do apologise for "missing in action" for the last 10 days or so...have been really caught up with my day job.In any case, with reference to my last post, I had stated specifically to look out for a possible reversal in the Bear Break shown on the EURO Futures, as clearly on the POSITION Chart, PRICE was still very much on a Bull TREND, and it was just

EURO Futures SWING Chart: 3 Leg Bull Break Has Just Occurred.

My EURO Futures SWING Chart above...PRICE just made a PRIME Lower Low (last Fri's Low was $1.5329 and PRICE is currently at $1.5311), effectively creating 3 Legs of the Bull Break, changing it into a BEAR TREND.However, on a POSITION Chart basis, the EURO is still on an uptrend and the current down move is merely for PRICE to head back down to challenge last PRIME Support, created in Dec 2008.

E-Mini-Crude (QM) Makes New High

My QM SWING Chart above...I was wrong last week, when I mentioned that a possible interim top could be in place for the QM. The challenge of Support was swift and PRICE quickly went back up to challenge Resistance, and created a PRIME New High at $120.325 in last night's trading.Truth be told, this Bull looks set to test new boundaries, now that the POSITION Chart is beginning to turn up as well.

Possible Interim Top in E-Mini Crude (QM) SWING Chart

My E-mini Crude (QM) SWING Chart above...With PRICE in PRIME Support, and the POSITION Chart pointing down, the expectation would be for PRICE to do a Minor PPF (Failure of Resistance) and for lower PRICEs next week.Having said that, PRICE is still on a Bull TREND, and PRICE is now merely heading down to form PRIME Support, on the SWING Chart above.

ES SWING Chart: PRICE Still On A Uptrend...But Watch For A Potential Bull Break

My ES SWING Chart above...As the distance (in terms of points) between PRIME Support & PRIME Resistance lessens, one can't help but prepare for a possible change in TREND. This is because any lousy data released can easily trigger a down move that can take out last PRIME Support, which currently stands at 1368.00. It really doesn't hurt to bear this in mind...

EURO Futures SWING Chart: A PRICE Top is Forming

My EURO Futures SWING Chart above...PRICE has violated last PRIME Higher Low (HL - or PRIME Support), resulting in Leg 1 of Bull Break. If the resulting challenge of of PRIME Resistance (HH) results in a failure ie. a PRIME Lower High, then a top in the EURO, on my SWING Chart would be in place - It is clearly in line as PRICE on my EURO Futures Position Chart is already pointing down, to

ES TREND Chart: PRICE still trying to find a bottom.

My ES TREND Chart above...PRICE is clearly trying to find a bottom because on the SWING Chart, PRICE is already in PRIME Support. PRIME Resistance on the SWING Chart was already confirmed by the Leg 2 of Bull Break (PRIME PPF of Resistance) on the TREND Chart above.

HSI Futures SWING Chart: Leg 1 of Bear Break

My HSI Futures SWING Chart...HSI Futures is the last one to achieve Leg 1 of Bear Break...

SIMSCI SWING Chart: Leg 3 of Bear Break - BULL TREND

My SIMSCI SWING Chart above...PRICE has just made a PRIME Higher High - Leg 3 of Bear Break and this means a BULL TREND is in place. Singapore is leading the charge - amongst the 3 Asian Futures Indexes I track (Nikkei, HSI & Singapore)

Nikkei 225 Futures SWING Chart: Leg 1 of Back Door Bear Break....Another Attempt?

My Nikkei 225 Futures SWING Chart above...As you can see from the above chart, there was an attempt to reverse the Bear TREND in February. However, that failed miserably. We still can't tell, at this juncture, if this attempt will be any different. But with the ES and YM continuing their Bull TREND on their SWING Charts respectively, we might just see the Nikkei succeeding, this time round.

ES SWING Chart: New PRIME Resistance - Bull TREND Intact.

Screen Shot of my ES SWING Chart as of 10:42pm, Singapore Time.

PRICE Is Heading Back Up...

My ES SWING Chart above...With the PRIME Higher Low established, PRICE is now heading back up to challenge last PRIME Resistance at 1389.00. With the Bull TREND still intact on the SWING Chart, the expectation is that PRICE will make a new PRIME High, thus creating a new PRIME Resistance (With some caution in mind though...POSITION Chart is still pointing down but if a new PRIME High is created

ES SWING Chart: PRICE Still Trying to Establish a PRIME Higher Low.

My ES SWING Chart above...Well, the GE news killed whatever fight the Bulls were putting up...So instead of a possible change in TREND, in the TREND Chart, PRICE instead has reverted to a Bear TREND. But looking at the above SWING Chart, PRICE is still in a Bull TREND...that is, as long as 1309.50 stays intact.

EURO Still Needs To Make a PRIME Higher Low, to Continue the Bull TREND...

My EURO Futures Position Chart above...The chart speaks for itself. However, no matter how Bullish, PRICE still needs to head back down to challenge last PRIME Support, to give us a Higher PRIME Low.Sure looks like the EURO will be the favoured currency going forward, in view of the US Dollar's current sad state of affairs...

ES TREND Chart: PRICE is still trying to establish the end of Leg 1 of Bull Break

My ES SWING Chart above... My ES TREND Chart above...As you can see, PRICE is still trying to establish Leg 1 of Bull Break, on the TREND Chart. With PRIME Resistance fast approaching, we could possibly invalidate Leg 1 altogether, if PRICE on the SWING Chart is anything to go by. PRICE is already in PRICE, on the SWING Chart, and has technically created a PRIME Higher Low. Thus from here, the

Exclusive Interview with Jim Rogers...right here in Singapore.

Came across this interview online at the Money Morning website...and it was done right here in Singapore. Click here to read more of Mr Roger's current views...

More Pain At The Pumps?

Looks like we'll continue to pay more at the pumps...Mini Crude Futures just made a convincing Breakout from a Triangle.Go to my Trading Chart Patterns Blog for more details of the chart...

SIMSCI SWING Chart: Leg 1 of Bear Break

My SIMSCI SWING Chart above...Among the 3 Asian markets I monitor closely (namely Nikkei, Hang Seng and STI), Singapore's SIMSCI is the first to create Leg 1 of Bear Break, on the SWING Chart. It was established yesterday, in early morning trade. PRICE has continued higher in current trading and will probably continue to do so for the next 2 days. No failure in sight yet...

No Signs of PRICE Failing...As Yet.

My ES SWING Chart above...With reference to yesterday's POSITION Chart post, PRICE on the SWING Chart still looks good. As you can see, with a 3 Leg Bear Break, followed by a PRIME Higher Low, and PRIME Higher High, PRICE is clearly in a Bull TREND and with no signs of failing...as yet.

ES POSITION Chart: PRICE is now at PRIME Resistance - Leg 2 of Bull Break?

My ES POSITION Chart above...If PRICE starts to fail here at Resistance, it will mean that PRICE will head back down to challenge last PRIME Support at 1253.00, created on the 16th of March. Breaching that Support level would also mean a completed 3 Legged Bull Break, and thus changing the TREND to BEAR. Will we see that happening? Keep a look out on PRICE, on the TREND, and SWING Charts, for

Leg 3 of Bear Break in Progress, on the SWING Chart...Unless Yesterday's Session Low of 1342.00 Gets Taken Out

ES SWING Chart: Leg 3 of Bear Break Has Just Occurred - BULL TREND

My ES SWING Chart above...We are now in a Bull TREND, on the SWING Chart, which incidentally also points to the end of the down move we had early last week.So, on a POSITION Chart basis, PRICE is now heading back up to challenge last PRIME Resistance at 1526.75. Where it fails, nobody knows...until we see it, that is. LOL.

ES POSITION Chart: PRICE Still Needs to Head Back Up to Challenge Last PRIME Resistance...

My ES POSITION Chart above...Looking at the above chart, PRICE still needs to head back up to challenge last PRIME Resistance, to establish a PRIME Lower High (Leg 2 of Bull Break). However, if PRICE makes a PRIME Higher High instead, then Leg 1 of Bull Break would be completely invalidated. Let's see if this Bull has the extra oomph to get back on track.

As Warned Last Night...

Am rushing out for my day job appt, so I'll do a quick post...As warned twice, in last night's post, the expectation was for PRICE to head back down to challenge last PRIME Support on the TREND Chart. That confirmation came when I posted the warning again at 11:35pm.Will post the charts later today when I get back...

PRICE Still Heading Up, But...

My ES TREND Chart above...Though PRICE has yet to fail, do not discount the fact that a pullback of sorts is on the cards tonight. We have already made a PRIME Higher High on the TREND Chart but no PRIME Higher Low as yet. And with the SWING Chart still pointing up, we still need PRICE to head back down in PRIME, to challenge last PRIME Support at 1296.50, which was established right after the

ES 1255.50 Level Being Challenged - Markets Do Not Like "The Bear Stearns" News...

As I type, 1255.50 on the ES has been taken out, by pre-market activity...

PRICE Has Made a PRIME Lower High...Will a PRIME Lower Low Followed Suit?

My ES SWING Chart above...Expectation is now for PRICE to make a PRIME Lower Low, for the Bear TREND to continue, on the SWING Chart.However, as the POSITION Chart is now pointing up, we might just see PRICE failing, giving us a possible PRIME Higher Low instead. Do keep a look out for this possibility happening tonight (Roll-over is also tonight)...

Article from The Gold Report - An Opportune Time in History? You be the Judge...

Came across this article from The Gold Report. To some, this article may paint a bleak picture. But to others, it could very well be the path to riches. You be the judge...

ES SWING Chart: Confirmation of End of Leg 3 of Bull Break.

My ES TREND Chart above...From the above ES TREND Chart, you can see that PRICE comfirmed the bottom of 1272.25 with a PRIME PPF of Support, followed thereafter with a PRIME Higher High. With the last PRIME Resistance on the SWING Chart, just hovering at 1345.00, the expectation would be for PRICE to make a PRIME Lower High. But as long as PRICE doesn't fail, on the TREND Chart, in the current

Bearishness Abound!

My ES SWING Chart above...PRICE continued to trade lower in last night's trading session. With the TREND Chart making PRIME Lower Lows and PRIME Lower Highs, it is clear that this Leg 3 of Bull Break is still not done. Will 1255.50 be completely demolished? In any case, a bottom here would merely signal that PRICE is heading back up to challenge last PRIME Resistance 1345.00, on the SWING Chart

3 Leg Bull Break on SWING Chart...But 1255.50 Still Holds the Key

My ES SWING Chart above...As mentioned the other day, the upmove did happen but it failed at 1345.00 on Wed, giving us that expected PRIME Lower High (Leg 2 of Bull Break). Yesterday's intraday session however, finished off the 3rd Leg, effectively putting the SWING Chart, in a Bear TREND.With PRICE hovering in the PRIME Support area on the POSITION Chart, all is still not lost...as long as

It's Still Messy...

My ES SWING Chart above...As you can see from the chart above, PRICE has been moving between these two levels, mainly 1400 & 1255.50. Until and when either levels are Breached convincingly, we will simply see PRICE bouncing around.But for the time being, we should see a upmove in PRICE, to challenge last PRIME Resistance at 1390. Expectation is for it to fail, to give us a Lower High.

1400.00 on the ES Needs to be Taken Out...Convincingly.

My ES SWING Chart above...Personally, PRICE action on the ES is still very much uncertain. To show a clear path as to where PRICE is really going, 1400.00 must be taken out convincingly, on any upmove.If not, we will just continue to bounce within the trading ranges, until a big move to the upside, or downside happens.Incidentally, PRICE is now in PRIME, on the SWING Chart. We would need to have

Hang Seng Futures is Leading the Charge Next, for the Leg 1 of Back Door Bear Break, on the SWING Chart

My HSI Swing Chart above...With the Nikkei 225 Futures the first to achieve Leg 1 of Back Door Bear Break the other day, we now have the Hang Seng Futures (HSI) following suit. And it seems that the SIMSCI has also reacted positively to the HSI's upward move.For the HSI Futures, the PRIME Resistance is only above 500 points away. A target easily achieveable in 2 trading sessions.

Nikkei 225 Futures Establishes Leg 1 of Back Door Bear Break, on the SWING Chart

My Nikkei 225 Futures SWING Chart above...PRICE managed a PRIME Higher High today (after the PRIME Higher Low achieved early this month), on the Nikkei 225 Futures. The Bear TREND started off just over 3 months ago when a PRIME PPF of Resistance gave us an indication of lower PRICE movements to come.With the POSITION Chart still pointing up, do look for the other 2 Legs, to complete the change

It's Been A Wild Ride on the ES, for the Past Week

My ES SWING Chart above...Trading for the past week has been wild. Pull Backs from each drop have been very, very deep, almost to the point of 100%!Expectation now would be for PRICE to head back up to last PRIME Resistance at 1369.25, to challenge it and fail. But as usual, do keep in mind the unexpected to happen...I've always believed that "there are never, ever, any sure trades, but always

Consolidation on the Dow E-mini (YM)

My YM SWING Chart above...For today, I thought I'll feature the PRICE movement of the Dow E-mini (YM). From the above SWING Chart, you can see that the BEAR TREND is still very much intact.At this point in time, with the series of PRIME PPFs (Consolidation), we need PRICE to give us direction, and that would mean breaking (Breaching) out of either direction.But with PRICE on my YM Position Chart

Just "Inches" Away...

09:27pm PRICE on the ES is now just inches away from 1371.50. Breaching this Resistance level would invalidate the 2 Legs of the Bull Break, and put us back onto the Bull TREND (On a SWING Chart basis, of course...).

Nikkei, SIMSCI and Hang Seng Futures Are Attempting Leg 1 of Back Door Bear Break

The "candidate" closes to clearing last PRIME Resistance, to give us Leg 1 of Back Door Bear Break, on the SWING Charts, seems to be the Nikkei...followed by the SIMSCI, and the Hang Seng Future.

Free Video on QST's SWING Trading of Stock PSUN - Pacific Sunwear of California Inc.

For those of you who are also trading stocks, have a look at this video on QST's SWING Trading Strategy. Click here to view the video now...

1371.50 is Fast Approaching...

Before I hit the sack, 1371.50 is fast approaching, on the ES - As what I had pointed out on Sat's post...Sure looks like it's gonna be a good breach of that level. Let's see what tomorrow holds. Good nite!

ES SWING Chart: Leg 2 of Bull Break Complete. Will Leg 3 Stall?

My ES SWING Chart above...With PRICE already in PRIME territory in yesterday's trading session (and with the Position Chart still pointing up), there is every possibility that next week, we will see PRICE heading back up to challenge last Resistance at 1371.50, and Breaching it. Doing so would invalidate the 2 Legs and bring PRICE back into the Bull TREND. Watch out for this...

Is Imitation, or Stealing, the Highest Form of Flattery?

I stumbled upon a website this morning, only to be surprised that 2/3 of the posts were, word for word, my very own from this blog. I really did not know how to respond to it.Flattery? Or just plain Stealing (cut & paste) ? Do drop me your comments...

SIMSCI SWING Chart: A Possible Reversal In TREND Soon?

My SIMSCI SWING Chart above...Since the Higher High (HH) achieved on the 10th of Oct last year, you can see from the above chart that PRICE reversed into a BEAR TREND, giving us PRIME Lower Lows (LL), and PRIME Lower Highs (LH). But look at what PRICE is giving us right now?With my TREND Chart having a Leg 1 of Back Door Bear Break (just established in Pre-Market as I type this post), I am quite

ES SWING Chart: PRICE Continues to Climb Higher, to Challenge Last PRIME Resistance at 1400.00

My ES SWING Chart above...PRICE continued to trudge higher in last night's trading session, with hardly any signs of it failing. With the POSITION Chart still firmly pointing up, I suspect this upmove will continue unabated, with a Breaching of Resistance at 1400.00, thus invalidating the Leg 1 of BULL BREAK set last week. Let's just keep this possibility in mind, shall we?

ES Position Chart: Still In Leg 1 of Back Door Bull Break

My ES Position Chart above...For those of you trading the ES on a longer time frame, the last few days have been rather unexciting, so to speak. You can see that PRICE is still trying to find Support, before heading back up to challenge last PRIME Resistance at 1526.75. A good indication that, that is happening, is when PRICE breaches 1400.00, on the upside.

Leg 1 of Bull Break, on the SWING Chart

My ES SWING Chart above...Will the recent low of 1255.50 be threatened?If we get a 3 Legged Bull Break, then the possibility of it happening will be high. Stay tuned...

Year of the Rat

Here's Wishing All My Chinese Readers A Happy & Prosperous Year Of The Rat !

Is The Current BULL TREND Done?

My ES SWING Chart above...PRICE failed on Monday's Globex session, causing PRICE to tumble and yesterday's action showed no end to the downmove. At the present moment, on the TRADING Chart, PRICE needs to clear 1347.00, and then stay above 1337.50, to reverse, or stop the slide.On the SWING Chart (as shown above), PRICE has to stay above 1331.50. Failing to do so would result in Leg 1 of Bull

The Only Way Is....Up!

My ES SWING Chart above...PRICE clearly made a PRIME Higher High, as shown on the chart above. With no signs of PRICE failing, do expect the ES to continue trading higher next week (until a failure, of course).Before I sign off for the weekend, I was asked by a fellow trader, to post my method of trading, and the way my charts are created. Please refer to yesterday's posts' comments for my reply

Latest News: Microsoft bids $44.6 billion in cash and stock to acquire Yahoo

07:56pm I guess that's why the Index Futures, in general, have shot up in the last half hour or so (for more of this breaking news, click here)...And because of this, PRICE has broken through last PRIME Resistance, continuing the Bull TREND, on the SWING Chart.09:45pm Seeing some pretty wild swings in PRICE in pre-market activity - Due to drop in Payrolls.10:37pm There needs to be an Oscillation

Up....And Then Down.

My ES SWING Chart above...I don't know about you, but it seems to me that it is getting more & more predictable to trade FED days. Before the announcement of the rate cut is made, the market grinds itself higher and the moment the announcement hits, PRICE rallies, only to lose steam and to close the session on a low - "A Cleansing of the Market", killing all the Bears, and Bulls simultaneously,

Will The FED Lower Rates Further?

My ES SWING Chart above...PRICE on the charts are poise for either direction. If the FED does lower rates, then we would probably see a spike in PRICE, pushing through PRIME Resistance, and giving us Leg 3 of Bear Break. However, if the FED leave rates unchanged, then a plunge in PRICE, breaking through last PRIME Support, would invalidate the 2 Legs formed so far. What is your take?

SocGen and Rogue Trader, Jérôme Kerviel

Here is an interesting article on rogue trader, Jérôme Kerviel and his "rogue" trading activities at Société Générale.

Leg 1 of Back Door Bear Break on the ES SWING Chart

My ES SWING Chart above...With a PRIME Higher Low, followed thereafter by a PRIME Higher High in last night's trading, the signs for an end to the down move are beginning to show...

The Futility of the Rate Cut

09:38pm PRICE is threatening to take out yesterday's low, which was "religiously" supported at 1255.50 in pre-market activity, prior to the announcement of the rate cut.

SIMSCI Futures Update: First Signal To Go LONG Has Appeared - Leg 1 of Back Door Bear Break

My SIMSCI TREND Chart above...Referring to this morning's post, a signal to go LONG has appeared; Leg 1 of Back Door Bear Break.To reverse the Bear TREND, the other 2 Legs must also be established. This will then tell us that the down move we have had so far is done, and bring PRICE back up to challenge last PRIME Resistance of 439.00, on the SWING Chart.PRICE will continue in the direction it

SIMSCI SWING Chart: Bear TREND With Expectations of PRICE Making Lower Highs

My SIMSCI SWING Chart above...It's a given...The Bear TREND continues to exert itself on PRICE. Expectations is for PRICE to eventually head back up to challenge last PRIME Resistance (439.00), to fail and to give us a PRIME Lower High. However, on my TREND Chart, there are currently no signs/signals to tell me that the ongoing down move is over. So, beware....!

BREAKING NEWS: FED CUTS RATES BY 75 BASIS POINTS

09:30pm Are we gonna see a day cat bounce? After all, we need to have Leg 2 of Bull Break, so PRICE needs to head back up to challenge last PRIME Resistance, on the Position Chart.

Short Trading Session Exacerbates The Carnage

My ES Position Chart above...I've decided to post my ES Position Chart, to show the extent of the damage done so far. We are clearly still in Leg 1 of Back Door Bull Break as seen above and PRICE, when done going down, will have to head back up to challenge last PRIME Resistance (1526.75), and fail, to give us a Lower High - for Leg 2 to be establish.Three Legs (LL, LH, then LL) are needed to

ES Futures Are Down....A Lot !!

07:25pm Just stepped into the house and was wondering if there was something wrong with my charts ??...It's really free-fall, in pre-market trading !

SIMSCI Futures - PRICE Is Still Heading Down.

My SIMSCI TREND Chart above... My SIMSCI SWING Chart above...My Mentor's methodology puts the TREND Chart, ahead of the SWING Chart. Looking at the TREND Chart above, PRICE in today's session (chart shown is current, as of 3:20pm, Singapore Time) has broken down from the PRIME Consolidation. Expect more downside, until PRICE fails...

Still Going Down...It's Beginning to Sound Like a Broken Record

My ES TREND Chart above...Again...need I say more? Other than the brief PRIME Consolidation (Higher Low, followed by Lower High), it was down, down, down...

Down...Down...Down...

My ES TREND Chart above......what more can I say? PRICE is still heading down, until it fails.

ES TREND Chart: Leg 2 of Bear Break in Progress

10:09pm PRICE has made a PRIME Higher Low (1369.00 - during Globex) and the third Leg is now needed to give us a change in the Bear TREND. PRICE must breach last night's session high of 1397.25, for Leg 3 of Bear Break.11:19pm Leg 2 failed. PRICE has gone lower, thus invalidating Leg 1 of Bear Break.

GBP Futures TREND Chart Update

My GBP Futures TREND Chart above...Long signal not triggered last night...

HSI SWING Chart: Finally, A Break Down From Consolidation

My HSI SWING Chart above...With the break down in PRICE, do expect a "relief" rally of sorts, from the oversold position the market is in. Afterall, PRICE needs to head back up to challenge last PRIME Resistance at 28424, to establish a PRIME Lower High, and then back down to challenge PRIME Support. As always: " PRICE will continue to head in the direction it is going, until it fails "

A Bottom in Sight? Leg 1 of Bear Break, on the ES TREND Chart

My ES TREND Chart above...As usual, we need the completion of 3 Legs to reverse the BEAR Trend we have been in...

Possible Bottom on the GBP Futures SWING Chart

My GBP Futures SWING Chart above...With a PRIME Higher Low (at $1.9482) established in today's earlier trading session, PRICE now needs to breach $1.9694 to give us Leg 1 of Back Door BEAR Break, on the SWING Chart.

Markets Continue To Tank...

My YM (Dow E-mini Futures) SWING Chart above...The BEAR Trend continues to exert pressure on PRICE. With news of Citigroup's losses, it only reinforces the current bearishness the markets are going through. Remember...PRICE will continue in the direction it is going, until it fails.

Issues with IB data source

10:23pm I had a tough time trying to sort out the pre-market data that screwed-up my charts yesterday. There were some price bars reflected, that were clearly not even shown on IB's trading platform, that is, the day's (Globex) highs & lows- it was really strange. In any case, it simply distorted my charts and the online help that I asked for, was really of no help at all, in handling my

New Feed by FeedBurner Added

For those of you who actively subscribe to feeds or emails of blogs, or websites, I am pleased to announce that I have added those features to my blog, as of today. Being rather "blur" (local euphemism for "stupid", "dummy"...I think you get the picture) to such features, please feel free to let me know what other things I can add, to make your visit to my blog, a more pleasant and fruitful

ES TREND Chart: 2 Leg Bear Break Invalidated - PRICE Failing But Some Possible Respite Next Week?

My ES TREND Chart above...My earlier post yesterday had suggested more upside in PRICE for yesterday's trading session. But as the day wore on, PRICE movements during the Globex session, coupled with the start of the actual trading session, made me shift my view. That's the reason for the single post last night, warning of a possible failure in PRICE, in trying to breach the previous day's

Will We Get To See Yesterday's ES Trading Session High, Today?

10:51pm With the SWING Chart's indicator pointing down, it may be a tall order to expect PRICE to breach yesterday's trading session high of 1436.00

ES SWING Chart: PRICE Is Still Heading Up...No Failure As Yet

My ES SWING Chart above...Clearly, PRICE is yet to reach PRIME, so expect more upside to this move. To continue the Bear TREND, PRIME Resistance at 1511.00 must not be taken out.

GBP Futures: Still No Bottom in Sight...

My GBP TREND Chart above...As you can see from the chart above, there is still no sign of a bottom...we are totally in a Bear TREND, with Lower Lows, Lower Highs, then Lower Lows - other than the "occasional illogical" oscillation, like a Higher High or a Higher Low. We need a 3 Leg Bear Break, to stop the Bear TREND, and then an entry to go LONG, on a SWING basis.

ES SWING Chart: A Bottom in Sight?

My ES SWING Chart above...Even though we may see a bottom in sight for the current down move, the expectation is still for PRICE to make a Lower High, due to the current Bear TREND we are in...

The First "Crack" Has Surfaced...As Mentioned In My Last Post On Saturday, 5th January

My ES Position Chart above...Yesterday's trading session has resulted in a Leg 1 of Back Door Bull Break, on my ES Position Chart. It is just the first warning, the market is telling us. We still need 2 more Legs, to confirm the Top.

Leg 1 of Back Door Bear Break in Progress, on the TREND Chart

10:43pm Long 1431.75 / STOP 1430.7510:45pm Moving STOP to 1431.2510:46pm Moving STOP to Break-Even.10:48pm Out at 1434.50 / +2.75pts.10:50pm Whoa...got out just in time...the retracement in PRICE is pretty deep.10:52pm Are we done with Leg 1 of Back Door Bear Break? Let's see if a SHORT set-up presents itself...11:04pm Thot the data released would dampen the mood...apparently it didn't.11:06pm

Signs of a Market Top, are Beginning to Show...

My ES Position Chart above...With yesterday's trading session ending with a big plunge in the PRICE of the ES, we are now hanging precariously closed to the last PRIME Resistance of 1406.25. And with no signs of the direction of PRICE failing as yet, do expect Leg 1 of the Back Door Bull Break to happen sometime next week.

Hang Seng Index (HSI) Futures TREND Chart Updated on my TradingChartPatterns Blog

For those of you tracking the Hang Seng Index (HSI) Futures, head over to my TradingChartPatterns Blog for the latest chart update...

ES SWING Chart: In Danger of Heading Back into Bear TREND

My ES SWING Chart above...If PRICE takes out last PRIME Support at 1445.75, we will be back on the Bear TREND.

The E-Mini Dow (YM) is Back on the Bear TREND, on my SWING Chart

My E-mini Dow (YM) SWING Chart above...With renewed fears of a looming recession in the US, last night's trading session simply saw PRICE pushed past the last PRIME Support at 13181. This has invalidated the 2 Legs of the Bear Break created, and the E-mini Dow is now effectively back on the Bear TREND, on my SWING Chart.