On 22 Sep, Morgan Stanley formed a hammer. What made it significant is that it gapped down from the prior day. Market had a massive sell-off after Fed chief, Ben Bernanke announced “Operation Twist”. Market already expected it and there were no more unexpected good news. So, a typical buy on rumors sell on news. [...]

I had my fair share of emotions (fear) when I realized that silver has dropped to $27 for a period of time. I was thinking whether the bull run has indeed ended. My thoughts: “Should I really sell this time? Will it drop to $20??” I told myself to calm down. The worst time to [...]

The chart above is Tesoro (TSO) at the end of trading day on 23 Sep 2011 (Fri). The market had a massive sell-off for the past 2 days. Tesoro had a big gap down as seen from chart. On Friday, it formed a southern Doji. After a big bearish red candle, and then a doji… [...]

The bearish reversal pattern from Texas Instruments (TXN) shown on the chart above is a Tri Star Doji. I have came across such pattern in candlestick textbook, but this is the first time I have seen one in “real life”. This pattern is quite rare. When a Doji is formed, basically it is telling us [...]

Take a look at chart of Yahoo above. Can you see what I see? Candlestick: Shooting Star Channel: Closed below the resistance Stochastic: Overbought Moving Average: Very far away from the 20/50 day MA Where do you think Yahoo will be moving next most likely? Up or down? You decide.

If you want to get things done, but you face several issues such as: You don’t know how to do You don’t like to do You don’t want to waste time doing Then you need to outsource. The place where you can simple things get done is: http://www.fiverr.com Every project/task (they call it a gig) [...]

Lesson learned: If the charts tell you that the overall market is down and the short selling potentials are much higher than going long, just focus on shorting. Don’t go against the trend, you are just taking unnecessary risk if you do that. As seen from the screenshot above, I go long on 2 stocks. [...]