From Elliott Wave International
Monthly Archives: November 2006
Decision Time
We ended the day with the Russell 2000 right in the center of a large daily channel, and it also formed a candlestick Doji, ending just about where it started this morning. I think the market is confused. But at … Continue reading
Posted in Daily Wrapup
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Waiting for a Turn
If you’ve read this blog for very long, you know that, in addition to trendlines and channels, I’m usually looking for mathematical relationships — preferably several occurring at the same time. For example, I like trades where there is a … Continue reading
Posted in Daily Wrapup
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Tradable Consolidation
After yesterday’s TREND DAY down, some sideways movement today was not a surprise. And once again, drawing trendlines and channels gave some structure to the movement. We started with a small gap down, bounced for two bars, and then dropped … Continue reading
Posted in Daily Wrapup
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Finding Entries
After a few days away from the market, I tend to be quite cautious trying to find trade entries. This is particularly true after a light volume trading day as we had on Friday. What I am looking for is … Continue reading
Posted in Daily Wrapup
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Multiple Markets
While many people trade multiple markets or multiple stocks, when I am working on a very short timeframe I feel more comfortable concentrating on one. But that doesn’t mean that I ignore all the rest. On intraday moves, my market … Continue reading
Posted in Tools & Techniques
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Tracking TRIN
Watching the overall market, the number of advancing and declining stocks, the rise and fall of sectors, and what is happening to volume is all a part of understanding the context of your trades. Although most traders can see the … Continue reading
Posted in Tools & Techniques
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Narrow Range Day
Yesterday had a small range, and today was an inside day (if you’ll excuse that two tick excursion at the close.) It was the narrowest day in the last 20. Looks like holiday trading has arrived. I set alerts to … Continue reading
Posted in Daily Wrapup
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