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Market crashes and long term trends

Posted by shorttermblog on October 18th, 2008

These are really difficult times.
Useless to say that I am losing money. In the past 2 weeks I saw my portfolio plunging at such a speed!
I bought something during the panic days, may be too early. I sold a few days later for a small profit. I bought again this morning.

Emini S&P-26 Aug 2008

Posted by shorttermblog on August 26th, 2008

In the 120-minute chart prices are retesting the previous low while printing a positive divergence of MACD. The short term trend using the force index is positive. Resistance at 1275.75-

Tickers:
ES
Tags:
Investment Ideas, ES

Cisco Systems Inc. (CSCO)

Posted by shorttermblog on August 24th, 2008

On the weekly chart interesting postive divergence of MACD.
On the daily chart after the up gap, prices have printed a nice support at $23.85. Friday's price action should allow the restest of the resistance at in the $25 area. The trend is up in this time frame. I used the force index indicator to indicate the trend (blue and red candles).

Tickers:
CSCO
Tags:
Technology, CSCO

Citigroup Inc (C)

Posted by shorttermblog on August 21st, 2008

The breakout of the symmetrical triangle failed and prices moved to the downside. Important support at $16.5 and positive divergence on the 60 minute chart. Risky trade.

Tickers:
C
Tags:
, C

Google Inc (GOOG)

Posted by shorttermblog on August 21st, 2008

The closure of the down gap on the 60 minut chart has failed. $495 is noe the resistance and prices are now in a short term down trend. Prices have already printed 3 consecutive down closes. Support at $460-465. I would not be a buyer here but rather wait to see if the support holds.

Tickers:
GOOG
Tags:
Technology, GOOG

Potash Corp./Saskatchewan (USA) (POT)

Posted by shorttermblog on August 20th, 2008

A negative divergence of MACD signalled the June top. The correction is still ongoing. MACD has just printed a new low. The wide ranging bar of 4 August indicates heavy selling. Prices reached the support at $160 and printed a rebound at $180, which is now a resistance. I would not go against the trend in this phase. I would wait for a reversal formation.

Tickers:
POT
Tags:
Investment Ideas, POT