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The gold price has accomplished a feat so huge that it may never ever be seen or repeated again for at least half a century or more.  So if you are reading this, pay attention because you will probably never see a pattern like this again in your life time.  The gold price has formed […]

I have written about the Dow Jones Industrial Average before. I also made a gutsy prediction that the DJIA would hit 14,000 by February 25th, 2007 . I still stand by that forecast.
But first things first. Clearly in order for the DJIA to get that far, the first thing it has to […]

For about half a year I have been watching and observing the Coca Cola stock price. Needless to say this is a very slow moving stock and for good reason, it has 2.25 BILLION shares in the float. Definitely a beast or dog to the hot blooded trader. However, what I am […]

I just wanted to say a few words about the general broad market (Dow, Nasdaq and S&P). I will keep it short, but felt it was important to mention for the simple reason that knowing the primary direction of the TIDE in my experience is very important for the individual trades and individual stocks. If […]

I am still open to the possibility of a reverse head and shoulders pattern being created on the S & P 500 index.
Today we declined on big volume from the highs and makes me think my previous article of ’summer doldrums’ could be kicking into effect thereby delaying the big upwards breakout in the S […]

The one thing I forgot to mention in my previous post regarding the S&P 500 breaking to new highs was that we cannot rule out a delay of the breakout due to ‘low volume summer trading’ ! The low volume factor was ignored however on June 17th. And it was a Friday at that! So […]

Option Trading in Merck?
I have been watching Merck (MRK) since yesterday. As you probably already know, Merck stock had a massive sell off in October 2004 related to the recall of one its blockbuster drugs. Since that time the stock has been undergoing somewhat of a consolidation from that huge volume washout.
It is looking to […]

I am very pleased how this before and after category entry worked out here at the stock and commodity trading forum. When I opened this one up a few days ago I knew it had some potential and am glad that some things can be learned from this case. In many, perhaps most cases, it […]

Palladium is not a metal you hear about every day, so why bother even thinking about it? I will tell you why, because the palladium price chart from a risk reward perspective is starting to look pretty damn good…
Commodity Palladium does key retest of 23 year long support level
In technical analysis, long term support or […]

USTT stock breaks out and starts consolidation
This is the ‘After’ part of my ‘Before and After’ feature on USTT. As it turns out USTT did move out of the ascending triangle pattern and it also did so with sufficient volume to make it a valid breakout.
USTT moves 37% from ‘Steam Kettle Pattern’
Everything about the stock […]