omi

Have you followed the gold story since 2000 ? Even if you have not followed what gold futures have been doing since the year 2000, chances are that you have at least heard through the popular press about the exciting moves in gold during 2003. The long journey of gold futures from the 2000 […]

This is just a brief post and mini follow up on the S&P 500. In a previous post I had mentioned that the S P 500 was creating what appears to be a rising wedge pattern.
Today it looks like we broke down out of this pattern with fairly heavy volume of 1.65 billion shares. Prices […]

I have been thinking about writing this sort of article for a long time. Basically what I want to do is essentially a brain dump of what I believe to be the top 10 mistakes traders make. Surely there are much more than just 10, but for now I am going to seed this post […]

I first mentioned NGAS on February 10th, and then on February 25th. Since February 10th, NGAS has appreciated about 23%. The overall chart on a long term as well as short term time frame still has promise. When I first mentioned this stock I made the statement that symmetrical triangle stock chart patterns are not […]

The dollar/rand chart appears to be close to a major trend change based on the monthly MACD oscillator. The monthly time frame of this indicator is usually a superb indication of major trend change. The South African Rand has been very strong in recent years and the SA miners have suffered because of it. Many […]

I am sure you have heard of Fannie Mae. But did you also know that Fannie Mae stock has completed a major topping pattern known as a head and shoulders top? Well it has and it could be the beginning of a long drawn out decline in this security.
Fannie Mae stock forms major 7 […]

The S P 500 is creating what appears to be a rising wedge consolidation pattern. The technical analysis pattern referred to as a ‘rising wedge’ is not necessarily a major topping pattern. It is usually more of a consolidation type pattern or pause before moving higher.
S P 500 index rally getting tired?
As you probably already […]

Ok, as promised here are a couple more oil and gas stocks I am highlighting because of the currently strong momentum in this sector. Strong momentum because of the rising, or should I say rapidly accelerating price of oil.
The natural gas stock NGAS mentioned in a previous post still has potential, but admittedly it is […]

Does Technical Analysis work on the OTCBB?
There has been debate about whether or not Technical analysis works or not on tiny microcap stocks such as those on the OTC BB. I am of the opinion that it does work, however I am also of the opinion that this tiny marketplace is not one to spend […]

It is a shame I did not put this post up earlier. It was in my charting program and is one I have been watching for many months. I did not post it up here earlier for various reasons but it is still good to point it out anyway even though it has already had […]