About this blog

This blog was started as a whirlwind. So these objectives are laid out on the top as a reminder to me and for you to remind me. These objectives will change accordingly. Do praise or criticize me for keeping to my plan or deviating from it. This is the start of accountability to my plan.

There are Twitter updates, if you are my friend please identify yourself when you add to your follow list.

Long term objectives
1. To be financially independent so that I can free my time in devoting to God and Family.
2. Money is for memories. I want to take my Family to Disneyland in 2014. I want my daughters to remember this for life. I can also take this to my grave.
3. Trading as a vehicle to secure my daughters' future education requirement.
4. Continued learning/evolution of myself and the markets.
5. This is not for fun, it is a means for an end. Be very ruthless!

Saturday, June 27, 2009

ES Weekend charts 22 to 26 June

Nett +28 pts this week. I am satisfied. Meeting my daily average.

Now where are we heading here? Anybody's guess. On one hand the Elliot Wave Theorists are all pounding that we are in Wave 4. Then again we have a Head and Shoulders reversal pattern forming on the daily chart.

Next I bring to the attention of Fibonacci relationships. This is the daily candles. As one of the resident traders in Kool's Tools VO would say, "I think they will give the Eight Eight Six the college try". They did like 3 times this month. Seems like the bulls might be still in the run after all. Testing the upside. Maybe the E-Wave guys are right?
This is Friday's action; yesterday. This looks like a busy chart. Sorry. Fib extensions of the 10 min. The orange ovals are highlighted fibs. Looks interesting. And the Divergence Spotter calling the signals very well.
That's it until next week. God bless your weekend and family. Make it priceless.
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