Moody and S&P

  So what wil these rating agency hold???........... As of right now im waiting on the ASX market to open to draft how other markets will open why because of the way the charts move..... they are flush like U.S markets and not so rigged like Asia markets..... No disrespect ... right now U.S markets are leading the way up or down and europe is leading The U.S.....

    So friday U.S. markets finished up, no promise but the asia time markets might open slightly higher and finish flat..... so that would be thought but then moodys downgraded Belgium and fitch says Europe cannot not resolve problems, downgrades are inevitable.... SOOOO that could weigh on market.... Think about those senarios and which one is right??? Along with the Euro???

Today was WHAT!!!

Amazing economic news today, Everyone everything is improving S&P 500 up 1 1/2 percent and only finishes up 4 points WHAT THAAA?!! Still not making any sense right so what is this telling us Easy we are still in a down trend!!! watch those 52 week lows we made in october could be a bouncing point..

 Tell your friends and everyone else you know to come on my Blog and click on this link...... this video will give you chills if you understand what the guy is really meaning!!!! (don't be quick to judge)

• http://www.youtube.com/watch?v=aC19fEqR5bA

BACK:::

 All right everyone im back and yes its been really troubling to trade.....

 Losses absolutely...... but in the hard times you must trade bigger patterns and not stare at INTRA-day so much.... ex... and only an example do not trade on my examples because of risk....!!!
   
    MOS (Mosaic) has created a continuation pattern, lets call it a bearish flag......
   RIO (Rio Tinto) is beggining to create a head and shoulders pattern, so watch neckline.....
    Stock prices are about supply and demand so pattern are true and pattern are true because price is truth.....


  Okay, so EU comes out with this amazing plan and the dow only rallies 180 points and the S&P rallies only 19+...... UUUUUUMMMM would you expect so much more points ??? I would and the S&P still cant break above 1265 PPPSSSSHHHHH....

So yes this doesnt make sense so good trading and Look for patterns with 60 min, daily, and weekly charts.... that way you know the true trend direction.......

More Action Finally

  Okay, I saw this coming and it succeed alot of people pulled their shorts out the party isn't over yet almost every stock on my watch list are all hitting VERY powerful resistant levels.....
Even some stocks look ready to fall..... TRUE example: only advice not recommending for a trade or any other type of risk!!......

 (MOS) Mosaic the chart looks phenomenal to short sell, seriously the charts on a 60 min show a hit of resistance on Wednesday and then a collapse and beginning to develop a bearish flag on 60 min chart and on a weekly chart pattern is confirmed to me with a doji slightly above red maruboza....... to me that's 2 charts that are confirming a pattern but no short sell until daily confirms but the trade could still be initiated and have success .....
  But once again Europe rules the market and keep tight stops

1155 level:

 BACK TO BUSINESS EYY!!!

     Alright 1155 level has held even though there has been horrible news everywhere, sadly if no position for the upside then there will be a nice profit not available........ but for the people short a nasty short squeeze is on its way...... WHY? you wonder.... because a EURO intigration between countrys which is considered a miraculous ordeal especially since everyone is so short,,,,, and Thus that is were your squeeze shall come from..... Learn technical analysis, or become a trend trader meaning flow with the wave of market directions.....

S&P Support level

S&P support level 1185 and Resistance 1225, DAMN i should of held onto my short position.......... But was a good trade anyways.... :"One Good Trade, At A Time"....

Failed Pattern:

 The S&P 500 was developing a nice bullish continuation pattern called a PENNANT......... That pattern has failed in other words a new trend has developed and that's to the downside...... People beware the only thing left is the G20 meeting but of which not expecting much....... covered my short position today why low if not horrible volume next week and reevaluating everything and for a potential recover rally ....................... One more thing to watch is 1225 Level of S&P if it cant close above that and hold for a few days  another leg lower will be taken

NEXT: Spain

 Damn it one after another but awesome how everything is beginning to unwound itself .......................Greece, Italy, And NOW Spain..... What I'm doing wondering play the Charts of individual stocks not the Major indexes........ S&P making a bullish triangle continuation pattern but for the pattern to be confirmed a few things must take place and the most important if pattern does happen there must be a large amount of volume but during consolidation phase volume should be light and breakout should be higher............. The closer it comes to the apex of triangle the more unreliable the pattern becomes>>!!!!!!! REMEMBER!!!

  EURO: rebound needed but at topping point of 1.35........ short 1.35 WHY short? support is broken ,old support becomes new resistance!!!!

EURO:move

 The Euro move was amazing the move the push up was a complete short squeeze as i stated in previous blogs i figured this would happen with 1 small amount of good news........ But now look at today's move another furious day except to downside....... S&P level to watch today 1246.277...... Everyone stay alert the flag formation is still potentially in play until the high of the flag off is broken

New Goals:

  Multiple streams of income:
 
    My new goal is to have multiple streams of income why the idea or goal because of a book i just finished reading 'RICH DAD POOR DAD' an amazing book it really opens your eyes to the world and how people in the world live....... My thought to myself is i never want to be in that situation which is...... to live pay check to paycheck..... the book tells you to want to learn how to have money work for you VS. working for money...... never thought of that idea... People great book!!!! If you've heard of it but never read it I recommend it!!!! why? to a new idea of how the wealthy live that i myself have just started to learn>>>> <iframe src="http://rcm.amazon.com/e/cm?t=whattheywonts-20&o=1&p=8&l=as1&asins=1612680003&ref=tf_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="width:120px;height:240px;" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>

   

The Euro:

REMEMBER: Markets can overreact

                                                                 Euro chart/US Dollar

    The Flag has been confirmed so next place for the Euro is the retracment level which is shown...........................(The Yellow Horizontal Line)..... Any random News out of Italy could cause a break out of the Bear flag formation........ So people who are short stay ALERT: Price Resistance level...........1.36816
      Wondering why the Euro is still trickling up higher..... the 9th. of november was a monster day anyone and everyone was short and people are pulling out of short and at the same time people are buying the Euro to take advantage of the move going up to the next resistance level.........
    Italy has made progress and
NOTE: Coal and some material names have lagged compared to the broader market not exactly sure but could be pricing in a possible dollar move higher and thus a lower Euro!!!!!!
      

Downward Spiral

How will all this economic woes of Italy make markets react....
  I would short market and watch the levels of were stock lows were located during consolidation about 1-2 weeks ago......... REMEMBER there are short thatt are wanting to cover after being drop kicked.... ...
   So stay alert of those price levels and watch Euro chart!!!!!!!!

All up to ECB and IMF

   HAHA wow what crazy day!!! WATCH out people shorting this market the second people find out the ECB or the IMF will interviene to help lower Italy's Intrest rates it could pull a (short) squeeze... Meaning people shorting will buy to cover that will prop market up higher.... But as stated the EURO did break out of the BEAR Flag formation............ What will Happen Next!!!!! I Have no Idea at this rate of uncertain proportion But i do know that if the S&P 500 holds above 1233 there is some support but if we dont............................... Here comes 1200 and the Bears will rise out Caution


This is the current chart as of today.......... The flag and the breakout, can it go much lower depends on ECB and IMF and people do not like uncurtainty

The psychology for the beginner

Thetrading book.com.                               I am currently reading this book at this point it would be a desirable book for a beginner....... As I was reading it I just decided to observe the cover and I saw a website address which is the one address stated above......
   When I looked at the website I was like THATS ALL!!!! But a link saying membership in yellow caught my eye so clicked it and very well place website emerged....... The End......... okay that tells how to get to chart of the Euro/USD which would be considered a bearish flag based only by technicals but always remember everyone else sees what you see....... In the book it say play the market by what you see not by what you think which is ultimately true...... so check out the chart to her a greater understanding I will have pictures and writing to help understand more......

AGAIN:What the fluck

   Once again the debt crisis is on: this shit is aggravating and I'm sure to everyone else..... (Sarcasm: Do not buy to these recommendations)............................................................................................................Wow markets look good lets buy some (ANR) Alpha Natural Resources, Everything is great that day wake up next morning the Europeans have not followed through with their debt plan markets are down 2-3% globally ...
   EVERY OTHER DAY this is occurring but the charts do tell a story Believe that.!!! Today the Canadian employment number came out and was horrible this should weaken the Canadian dollar and the Canadian dollar is correlated with commodities................. THAT mean Commodity stocks will go lower....More... the debt crisis is pressuring the EURO and should cause the  U.S. dollar to go which also pressures Commodities So in all this significant action between these events happens for a reason .... IN all U.S. dollar up and stocks + commodities down...

How to Educate Yourself:

  To Learn about the Market takes a lot of time some will learn faster than others.... but in the end it all comes down to the trade you make and the profit you make. To trade you must be observant and cooperative because the market only goes your way if you right.... to be right you make money.... NOW WHO DOESN'T WANT TO MAKE MONEY!!! To make the money you must learn pattern and the technicals from support-resistance levels to candlesticks.

How I learned about Candlesticks the most used with charts this book gives you the pattern, frequency of it and even if its a continuation pattern or a reversal. The book is super simple for the beginner but could overwhelm them duh to the 400 hundred plus pages...

   This is honestly the first step to begin learning the next post will explain trendlines and how they work....

<iframe src="http://rcm.amazon.com/e/cm?t=whattheywonts-20&o=1&p=8&l=as1&asins=007146154X&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="width:120px;height:240px;" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>

The Technicals:

http://apps.cnbc.com/cgi-bin/upload.dll/file.gif?z04b00f0az09dbbfb3637e484bbdecb2f752c5b2dd

It seems everything has lined up just right :                      
                         
   In middle of Oct. Nice Consolidation: Pennant consolidation which meant more upside. The red and green line which are moving averages are directing from bottom left to top right upward trend.
 I feel 1316 will be the top sometime for next week and i also feel a lot of people who made most of their money back will be selling their shares causing a zone of resistance...

So now you ask why 1316?
 On July 27 2011 you have a big pullback at the top- on candlesticks it would be a big red candle... and it closed that day solidly negative...
 On July 28 2011 you have another red candle but it pulled up into the candle from the previous day which was the big red candle on the 27 of July......................................... Well at the peak of the day on the 28 of July would make it my resistance level because that was its last straw before heading deeper into negative momentum and the high of the the 28th was 1316

Fed: Doing additional QE

!!! Fed stated they would only do additional stimulation if the economy began to get worse.... today they sayed they could potentially do another quantitative easing program!!! Does this mean economy has worsen and we will see it in 4th quarter... and not this quarter

• http://www.forbes.com/sites/afontevecchia/2011/10/12/bernankes-ready-to-unveil-qe3-and-fomc-remains-skeptical-of-the-twist-minutes-reveal/

Will this news push market lower and on wednesday is next euro meeting and they even say dont expect anything big but yet the market pushes higher !
 Remember: wweird Shit happens like this for a reason, human psychology and news creates these patterns and cycles within the market... and today we have finally broken out of this trading range. Steve Grasso a technical trader says the main level is 1257 if we close above that level the computers (High frequency Traders) will drive the market to the next moon which would be jupitar's.

Why imagine?

• You only have one life and when its over theres no more
• Why not thrive? to survive (not sacrifice your time) you must thrive
• Why go for mediocre, your still not going to feel good about yourself
• Young or old age is never an excuse to not learn and be the best you can be

   In todays society, people still dont realize the only thing holding them back is theirself, yeah yeah people will only disagree open your ears and eyes do you live off of the government or do you try your hardest everyday...
   When you dream dream big go for the biggest and best things out in the world, those dreams will get you were you need to be. One thing you must not do with your dreams is forget about them because they will easily forget about you....
   Do you have friends that laugh at you when you tell something big you want to accomplish!!! If so run away from them and everyone else that has the goal to knock down those dreams you dont need them. If you have gotten were your at now which is boost your ego or bust it, run or stay....!

Imagination:

The faculty of imagining, or of forming mental imagesor concepts of what is not actually present to the senses.

 

   You can make anything real, just imagine yourself already having it. People become exausted and give up and its at that moment when you want to give up is the right moment for things to begin to fall into place... but, the moment and thought is lost because your new thoughts of failure take over and thus you have failure... <---This is the way life works unconsciously!!! Never Give Up On Your Dreams...

Wonder why... with the markets?

•  Is it just me or has anyone ever wondered how the stock market actually works? or
• What about commodities does the so called almighty Wall Streeters really cause the prices of (commodities go up)?

     So for the longest time i wondered this, but of course i couldn't understand. I do now! ever heard of fear or greed... so what if i told you that the stock market dosent move in random movements. If I told somebody this that has no idea about the market i would get a normal as usual........ Ohhh. and as usual i think NO FUN.
    The market believe or not moves in a constant amount of pattern repeated over and over but a normal person with a 9-5 job never gets to see...WHY because 401K plan they dont get to touch it and or they are to scared to...but if you could all these simultanious patterns are in sec.-sec., min.-min., and even hr.-hr. These patterns exist believe it ask any Daytrader, Swingtrader or a Trendtrader. I never thought i would be writing blogs but this guy i know told me just to try it out and sooo here i am... exept with something actually intresting to the little guy who wants to make it in with the big boys and by that i mean a potential white collar job with no boss and work when you want possible !!! Absolutely.

 Commodities
Everyone alwass yapping blah blah ... those traders are causeing all our food price or those damn wall streeters HAHA... but sadly enough it all works by supply and demand you want a bell pepper to go on your salad ,well yeah so does everyone else, you want a nice thick steak and its your usaul and you notice the price went up by 10 cents yeah etc. wake up and smell the market we never get want we want, to go to the source that prevents us get a better paying job make more money so all the bitchin stops...

Why, and how
Live a nice life and feel the chains brake loose, and how read learn as much as possible about the markets from trendlines, candlesticks, indicators, and yes human emotions, and the best and most important patterns.!