 |
 |
|
||||
Cardwell RSI EDGE Trader Diary Notes 10/09/09 Stock Futures– The initial signs that a market is ready to roll over will usually show up as resistance around the 60 level on the hourly charts. I will be watching for resistance at the 60 level or failed PR targets or resistance at the PRT level itself. I will be especially alert today for [...]
The US dollar is still hopelessly maintaining its downtrend staying below Andrew’s complex price average “the number”, with a weak RSI below 50. A rally in the dollar is simply out of the question given what is on the chart. Gold is staying very strong ready to make higher highs. Higher trend is supported by the [...]
WFMI continues its strong upward trend based on Cardwell’s indicators. A short-term quick short and quickly taking profit seems to be a wise choice. We have to listen to the chart.
XLF - Daily (RSI reached the 80 range) Gold - Daily (RSI positive divergence) 30-Year Bond - Daily
- Inflation is definitely down the road with the DOW possibly inflated a little bit at the present moment. - Chart 3: Some of the commodities markets are starting to bottom: sugar is taking off, copper has been doing well all year. - Technicals will lead the fundamentals. Mr. Cardwell is looking at the current market from [...]
Recent Comments