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I added three trading tools
today on
MarketWatch. The first three
are a Momentum Price
Prediction Calculator, a Fibonacci
Support and Resistance Calculator
and a Daily
Pivot Price Calculator.
Eventually I hope to have about a
dozen specialized tools for traders.
These will be available to all
RoundTable and Premium subscribers
throughout the life of their
subscriptions...(try these tools
now!)
NEW TRADER'S CALCULATORS! (more on the
way..TIME CYCLE & PROFITCALC are
next!)  
HTTP://www.stocktables.com/calcs/momentum.html
HTTP://www.stocktables.com/calcs/pivots.htm
HTTP://www.stocktables.com/calcs/fibonacci.html
SUNDAY
EVENING UPDATE
The last two day's trading saw back
to back bearish candlesticks formed.
On Thursday the DOW formed a
"Shooting Star"
candlestick pattern:
HTTP://WWW.STOCKTABLES.COM/IMAGES/101003dow2.GIF
Stockcharts calls this a classic top
noting the long-legged doji and
regular doji that followed on the
next day, (Friday). I like to think
of doji as a yellow traffic light,
which means you should proceed with
caution. Another important thing to
note here is that shooting star
candles (that mark tops) like to be
retested, especially if they come on
increased volume. It's important to
understand this in your overall
trade setup.
Doji: The doji is a reversal signal
and possibly the most important
candle you can watch for. The lack
of a real body means the bulls and
bears are fighting and the balance
of powers may be shifting, thus
signaling a change in the short-term
trend.
The confirmation for both of these
CandleStick patterns would be a
close below the close of Thursday
and a failure to exceed Friday's
high...We will have to wait for
that.
Until we break decisively out or
down we will just bide our time...My
bets are still on the downside in
the short term.
As you can see from the Calendar
below, we have nothing in the way of
economic reports until Wednesday, so
any market moving news will have to
come from individual stocks.
Nothing I have seen so far has
changed our outlook for a drop to
the 950-960 region for the SP500 and
8800 to 9000 area for the DOW before
we are set for our end of the year
rally.
HTTP://WWW.STOCKTABLES.COM/IMAGES/cal.GIF
Once the decline is finished, whenever it occurs, I
think we will be in for the longest
and largest advance we have seen to
date, certainly in the last 3 years,
and this advance will last well into
2004.
Everything
we are doing now is in preparation
for that market move. Between now
and then, do as the "big boys
do" and accumulate on weakness
as prices decline.
Will be back around 9AM tomorrow
morning on MarketWatch LIVE to give
you my assessment of the pre-market
news and impact on the open.
 
HTTP://WWW.STOCKTABLES.COM/IMAGES/nyfinal.GIF
HTTP://WWW.STOCKTABLES.COM/IMAGES/ndfinal.GIF
This is not the time to become
overanxious...you just have to wait
out the markets and the news that
drives them.
PROXYTRADER UPDATE...
The
updated report with the new tables
is located at http://www.investshare.com/services/proxy/proxyupdate.asp
Those who followed
the MarketWatch lists I
generated in March and April
have seen an average gain of
over 20% in those positions
without even considering option
trades.
We believe we are about to go
into a retracement period which
will give another opportunity to
pick up a new list of stocks I
have published on Marketwatch
which have the same gain
potential over the next quarter.
If you subscribe to or extend
your current service, we will sign you
up at the current low discount
rate.
If you decide to take us up on
the special discount for the
RoundTable we will take any
existing service that you have
and pro-rate the remaining time
against the subscription. You
can still quit at any time for a
pro-rated refund.
To renew please call
800-491-9951 M-F 8:30-5PM PST or
go to
http://www.pitbullinvestor.com/stocksystems/product_info.php/cPath/2/products_id/41
If you have liked what you have
seen so far, it is only going to
get better as we add more
comprehensive market coverage
and services. Don't miss this
opportunity to pick up another
year ( or save ANOTHER $100 if
you extend for 2 years--call
us!)...this offer will not last
long. (cannot be combined with
other offers)
If you
would like to read along just
drop me a line and I'll be happy
to give you access...whford@gmail.com
CHART SCHOOL ON LINE:
CLASSIC CHART PATTERNS -A TUTORIAL-OVERVIEW
We will be reviewing 46 classic chart patterns in this little learning series. For
each chart pattern we observe we will look at the following:
1. Identification
2. Failure Rate
3.Average Rise or Decline
We will also tackle the basics of Fibonacci projections and retracements which allow
us to establish target support and resistance as well as timeline projections.
If you
are a RoundTable member check the MarketWatch page before the open when I will give
my analysis for the day tomorrow about 9:15 EST...
------------==============------------------
OVERSEAS: ALL MARKETS KEYING ON US INDICES NOW.
------------==============------------------
PROXYTRADER SIGNALS
These
signals are only updated on weekends since they are derived from the Traders Commitments
reports published every Friday afternoon, holidays excepted.
CURRENT SIGNALS:
SEE
THE 'SMARTMONEY" PROXYTRADER SIGNALS PAGE
Check signals page for Bear and
Bull fund stats.
WE NOW HAVE A DEDICATED SIGNALS UPDATE PAGE WITH COT CHARTS,
SIGNAL AND FUND UPDATES AS WELL AS DIRECT LINKS TO THE GOVERNMENT CFTC FILES
FOR MORE INFORMATION
ABOUT THIS FREE SERVICE TO SUBSCRIBERS CLICK HERE
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***INDICATORS***
(UPDATED DAILY only for subscribers) The PCI now includes
major volatile market sectors. These numbers are updated overnight.
Read on below for the rest of the numbers.....
(updated every two hours on MARKETWATCH
LIVE!)
**VOLATILITY INDEX**One of the indicators I have talked about
is the VIX. This is another indicator from CBOE whose full name is Market Volatility
Index. This index, while it has no nice fixed number, (like >0 = oversold;<0
=overbought), can be best evaluated with the use of simple 20 period Bollinger bands.
When the VIX rises to meet or exceed the 20 day upper band, you can generally count
on a rally within the next two days....conversely, when the VIX drops near or through
the lower band, you can expect the market to reverse and fail within the next two
days....It doesn't ALWAYS work that way, but when used in conjunction with some other
simple indicators can give you a pretty good idea of market direction near term.
VOLATILITY INDEX (VIX) ..see chart
MONEYFLOW
Once again, this very useful
indicator when tracked over time
tells you whether it is buying or
selling that is dominating
irrespective of what price may be
telling you. It is very effective in
identifying "stealth"
buying and selling.
Formula:
If the last tick is an up tick
(i.e., if P(n) > P(n-1) ), then
F(n) = F(n-1) + ( P(n) * V(n) )
If the last tick is a down tick
(i.e., if P(n) < P(n-1) ), then
F(n) = F(n-1) - ( P(n) * V(n) )
If the last tick is no change, then
F(n) = F(n-1)
Where:
F = Money Flow
P = Price
V = Volume
CBOE Put/Call Index:
A measure of the Public attitude, Bullish, neutral or
Bearish, (a contrary indicator)
Going above .85 puts us into a ready to rally mode. Going below .55
indicates a selloff due.
OEX Put/Call Index
A measure of Public Attitude as reflected by SP100 options. Over 1 leads
to near term rallies
A crossing below 1 indicates an increasing chance for a short term pullback.
McCLELLAN SUMMATION INDEX:
This is a slow to turn indicator because of the moving averages used to compute it.
Dropping indicates weakness with numbers below the zero line negative for the market.
Conversely a crossing of the zero line in a positive direction leads to positive
Markets.
NEW!!! MORE
DATA
WANT TO WATCH THE MARKET REALTIME ALL DAY?....
Click Here-Updated automatically every 60 seconds
You can now watch overseas markets on a real time basis before the market open so
that traders can watch for these effects at a new 60 second updated Overseas
Charts Page
A new commodities update page is also available from our sister site HERE.
2nd TIMING SECTION available. Two sections are available HERE
. This little series will be directed at an understanding of my approach to timing
stocks, industries, sectors or whole markets. The basics are all pretty much the
same.
LINK TO STOCKTABLES
questions or comments? E-mail
us at pbinvestor@gmail.com
OPTIONS SERVICE FREE TO OUR PREMIUM STOCK SUBSCRIBERS
A new version of OptionMizerII is
available for download as of August 1.
The hardest part of options trading is determining which option is ideal
for your style of trading. Normal Black-Scholes analysis does not work for these
selections and is far too complicated for the average investor. We now have an options
engine which allows us to evaluate for our criteria and give you the best single
option to trade the next day. As an example Microsoft, (MSFT), has over 340 options
to choose from. With our evaluator we sort through that minefield and give you one
option that is the BEST and usually a few that are OK.
SELECTED CHARTS TODAY:(UPDATED LATE EVENING).
VIX
chart (Volatility Index)
DJIA
chart (DOW Industrial Index)
SPX
chart (SP500 Index)
NDX
chart (NASDAQ 100 Index)
NYA
chart (NYSE Index)
You must have a java enabled browser and if you are operating behind a firewall,
such as many company internet accounts do, you may not be able to get the service
if they have blocked our communications ports.
We have included examples available from the links page and I am doing analysis of
two more system approaches we have been following and will release them shortly..
Please keep the feedback up on your successes as well...we have really been pleased
with your responses and encouragement.
CLICK
HERE FOR MORE INFO ON PCI http://www.wwfn.com/commentary/pcisignals.html
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