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    cop

    Well, I'm keeping my eye on COP for a break above 55. Yesterday, it broke down from a sort of ascending triangle into the neckline, funny, the markets did the same thing intraday. It's like momentum was building but just faltered out. Maybe the GE news pulled investors out.
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    Vix

    The VIX really fell out of bed yesterday, even when it rallied back up it still ended down! This seems very bullish to me, how would others here interpert this? I'm holding some long positions in Asia over the weekend based on the VIX and the fact that we closed on support. I haven't check...
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    50% retracements

    the above picture is by no means a great example, but a real one from last night. This zone is a place to take a stand, up or down. You'll have to develop your own rules on how to trade them. I look for a close below the low candle into the zone. This example would have been good for about...
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    50% retracements

    proflogic, take a look through historic charts and watch some live and you'll see how they work. I think it's based on psychology and of course the fibonacci sequence. Hey, the ratio of male bees to female is the number PHI, and it so happens that the ratio between when traders psychology...
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    50% retracements

    the fifty t0 60 zone is very reliable to use as a pullback or retracement buy/sell zone. If you're fib lines aren't working for you, you might not be drawing them correctly. Try going from an all time high, to an all time low, or the beginning of a rally to its finish. Spend a little time and...
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