Monthly Archives: February 2007

Review Time

Posted on February 28, 2007 by Lowell Christie

For the last week I’ve been pointing out how important the Fibonacci A-B-C pattern is for finding turning points in the market. It almost looks as though the Russell 2000 wanted to emphasize the issue with today’s trading. Yesterday I … Continue reading →

Posted in Daily Wrapup | Leave a comment

ABCs Come in All Sizes

Posted on February 27, 2007 by Lowell Christie

Last Thursday I pointed out a trade using the A-B-C Fibonacci pattern. Yesterday the market repeated that action. These patterns occur in all timeframes, and often you will see patterns inside of patterns inside of patterns. In today’s 15 minute … Continue reading →

Posted in Daily Wrapup, Tools & Techniques | Leave a comment

Echos for Profit

Posted on February 26, 2007 by Lowell Christie

Friday I pointed out a rectangle pattern on the 15 minute chart, and today we broke down through its bottom. Trading patterns such as rectangles or triangles involves recognizing repeating structures in the market — so does trading Fibonacci setups. … Continue reading →

Posted in Daily Wrapup | Leave a comment

Site Problems

Posted on February 25, 2007 by Lowell Christie

My Web Hosting company has been having technical problems this weekend. They now say everything is fixed. If you are still having trouble with anything on the site, please leave a comment. Lowell

Posted in Daily Wrapup | Leave a comment

Marking Time

Posted on February 23, 2007 by Lowell Christie

Yesterday closed with a Test of Top in the Russell 2000, and today opened with a failure of that test. Nothing serious — just another inside day, but when a market makes new highs and can’t continue there is a … Continue reading →

Posted in Daily Wrapup, Tools & Techniques | Leave a comment

Multiple Reasons

Posted on February 22, 2007 by Lowell Christie

Even though I still think we are in congestion, I found a trade this morning that was hard to resist. When I find a setup that has multiple reasons for an entry and allows a very close stop, it fits … Continue reading →

Posted in Daily Wrapup | 1 Comment

Conflicting Signals

Posted on February 21, 2007 by Lowell Christie

Yesterday’s 16 point range raised hopes that the market was finally moving again. The rectangle (magenta) created during the day should have acted as support if we were to move higher. Instead we gapped completely through the rectangle and then … Continue reading →

Posted in Daily Wrapup | Leave a comment