Bottom Fishing ideas...

I think 30.92 may be the low for QID..


SKF used to be $300, now its only $44.. a trip to $90 is a double..


Two MACD trough's are better than one...I like the chart pattern..


Oh yeah, and this is (finally) moving..


tb

Houston?

The VIX is about ready to blast off...

tb

Know when to say when...

I got in here but enough is enough...this stock is heading to $200 before $400..

thanks BIDU..

tb

Charting 123...

tb

One step at a time...

Here is what the Q's have done...



It's getting close to QID's turn...





tb

Walk thru the SDS trade...

Step 1. First, Identify the MAX MACD...or capitulation... (MACD slope, exponential move in price)



Step 2. Then, identify the rising price pattern with falling MACD (compare the slopes)...bearish divergence...



Step 3. See the results from the divergence...wham, selloff...



Step 4. Now where from here? SDS is still looking for support...



You can see, the current rising trough is no where near the MACD zero line, so we have more to go on the downside for SDS... but there is an ultra short chart I like now...

tb

Bing!

Microsoft has been working on a new search engine, called Bing.

The search engine seems to be faster.. I like the factoids on the homepage, and how quickly you can playback a video, by just hovering over the clip. Pretty cool. Also, today's background is cool..something about the hot air balloons.. :)




Odd reactions today in an up market..

First, VIX was up today (rising volatility in an up market?).
Second, GS was down today (goldman sachs, the financial eader, down).
The Dollar looks like it's ready to bounce...

tb