Nemo's Findings Week of June 10th 2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html


The week that was in IWM SPY:

• "The broken clock is right twice a day" principle struck this week (o.k., in my case-once) when I said in the video last week that the confluence of levels, on the IWM could serve as support much as a net, and they did.
• Perhaps more interestingly is that both SPY and IWM bottomed at, or within .$.10 of the monthly S1
• Notice SPY maintained the upward trend it began at the bottom, so, "The trend is your friend".  I'm not yet seeing definitive weakness on higher time frame charts
• We are in a short term channel, arguably Inverted Head & Shoulders on both IWM and SPY, the descending 50 day SMA likely first targets.
• Going out on a limb here for Monday:  we gap up massively...

On a more macro note:  It's all Europe all the time. A premise I hold, which is hardly original, is that political solutions are almost NEVER the best operational solution for a given problem.  

Europe faces the decision to either subsume their cultural identities, which have been formed over centuries, to create a monetary/fiscal union where each culture answers to some central authority, or face some type of break up of the Euro.  Whether it's the weaker countries leaving, the stronger countries leaving, or the total dissolution, is up to the powers to be...which brings me back to my premise... 

"But Captain, I think the deck chairs would look better this way..."

Here are the images for next week:

  

Nemo's Findings for the week of 5/20

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html 

 Here's how the IWM/SPY levels played out for the week.  See the arrows?  Somebody out there should be making money of these......

 Here are the levels for next week (btw...no sign of capitulation volume yet):

 Here's a link to my "panel" layout in Freestock charts (btw...I may have overcome the bug displaying trend and level lines in lower time frames):

 http://www.freestockcharts.com?emailChartID=f0e30758-09db-4841-8b74-08f15553a862

Here's the original post explaining the approach:


http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html

Nemo's Findings for week of May 13th

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the levels for next week:

 Here's a midweek review of how the levels were working through last Wednesday:

http://youtu.be/GOJ3zLjbYl0

Here's the original post explaining the logic:

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html

Nemo's Findings for Week of May 5th 2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Hi Folks, Here are the levels:

Here's a video for this week:


http://youtu.be/XynjEHBeW7w

 And here's a link to the panel format I explained in the video:

http://www.freestockcharts.com?emailChartID=90132672-b302-4039-ace8-d3f713c23762
 

Nemo's Findings 4/30 monthly update

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the new levels for month with yesterday's weeklies:

 

Nemo's Findings for the week of 4/22

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here's a look back at how the levels matched up with the action this past week:

 notice in the IWM pane how the turquoise colored retracement level is playing a role?  Remember how often I commented as the market was going up how that Fib. retracement series was significant?  Might be worth watching...



Here are the levels for next week:

Here's the original post:

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html

Nemo's Findings for the week of 4/15

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the images:

The original post:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

Nemo's Findings week of 4/8

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

 Here are the levels for next week:

 Here is a look at the daily on SPY.  Notice how the Yearly R1 was acting as support, well until the jobs report came out on Friday

 Here are the gap areas I've identified on the daily:

 Here's the daily on the IWM:

Here are the gap areas on IWM I see:

 

Here's the original explanation:

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html 

Nemo's Findings IWM SPY, ALL NEW WEEKLY, MONTHLY, QUARTERLY LEVELS!!!

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

 Here are the levels:

 Here's the original post.

http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html

Nemo's Findings for the week of 3/18

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the images:

 

 Here are the links:

http://www.freestockcharts.com?emailChartID=156a3477-962f-4957-ac17-d6d391d392da

 http://www.freestockcharts.com?emailChartID=950a506e-eba4-41d2-96a1-50d36f2c2830

http://www.freestockcharts.com?emailChartID=5277aa0f-66e7-4756-a589-c745024eb3ed 

Here's the original post explaining the approach:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html