SSEC stairway to….

..well, it's not exactly headed to Heaven.  first chart was posted on january 29th, illustrating the clear stair-stepping pattern in the $SSEC (Shanghai Composite).  as you can see, that uptrend line finally broke down on march 6th and made a perfect re-test on march 14th (confirming the price rejection off that re-test with that huge red candlestick). so now what?  will this pattern continue to repeat itself indefinitely?  of course not.  however, a trend is a trend, and a pattern is a pattern until proven otherwise.  the orange dashed arrows on the current chart below show the point to point move [...]

Mar 22, 2012 12:36am|Categories: Equity Market Analysis|Tags: |Comments Off on SSEC stairway to….

PGJ short update

PGJ short set-up posted on tuesday broke down below the rising wedge pattern on the 60 min chart shortly after and is now re-testing the lower trendline while also at a decent horizontal support level.  see notes on the updated daily and 60 min charts below for an objective stop area on the trade if you took it or plan to enter this week.  although i still think PGJ is an objective short here, i will point out that i see a possible inverse head and shoulders pattern in the related FXI etf that, if valid, has completed formation and sits [...]

Jan 29, 2012 10:14pm|Categories: Completed Swing Trades, Equity Market Analysis|Tags: , |Comments Off on PGJ short update

China (again)

china (again) Posted by: rp on the 12th of Aug 2009 at 09:08 am still remains one of my favorite swing shorts. not sure why i don't hear much about it elsewhere... guess everyone just figures they'll go up forever.  ;-)  all the better if you are short.  T1 remains 13 week ema/uptrendline.  updated daily chart below plus previous weekly chart which is very compelling IMO. Posted by: rp on the 16th of Jul 2009 at 11:55 pm right at the bottom of the gap and bear-mkt downtrend line (i may have drawn it a little shallow last week.  RSI has [...]

Dec 26, 2011 1:08pm|Categories: Equity Market Analysis|Tags: |Comments Off on China (again)