Monthly Archives: May 2011

Trading Probabilities and Common Sense

Posted on May 27, 2011 by

A man appears from nowhere and tell you that he knows your total worth is X amount of money. He proposes to you a game of tossing a fair coin (independently confirmed to be fair) just twice and he will pay … Continue reading →

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S&P 500 Index – Are We Close to a Trend Reversal?

Posted on May 25, 2011 by

From a high reading of 1370 on 05/02/2011, the S&P 500 Index closed at 1316 yesterday, which amounts to a 3.94% drop in less than a month and that was enough to make some people wonder if this is the beginning of a … Continue reading →

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Two Short-Term Bullish Patterns in QQQ

Posted on May 24, 2011 by

As of the close of 05/23/2011, a Price Action Lab scan indicated two bullish short-term formations in QQQ. The first is a 3-bar pattern with a lower low followed by a down gap and the second a 2-bar gap down … Continue reading →

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System Development Services for Position Traders

Posted on May 18, 2011 by

Our experts will use Price Action Lab to develop a system for you quickly and efficiently. You pay only after you receive the system backtesting reports, in sample and out of sample, and you decide to purchase the code. For … Continue reading →

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Announcing the Release of PAL v2.0

Posted on May 13, 2011 by

Price Action Lab is pleased to announce the release of PAL v2.0. A major new addition to PAL v2.0 is the capability of automatic raw code generation in a text file from the search and database results for use as … Continue reading →

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An Inside Day Breakout in SPY? So What?

Posted on May 11, 2011 by

After the market close yesterday there were a number of references in various blogs to the inside day breakout in SPY. The inside day was formed due to the price action of last Friday and last Monday and then yesterday … Continue reading →

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Was Mr. Gross Wrong About Bonds?

Posted on May 10, 2011 by

In a post on March 14, 2011, I talked about the decision of PIMCO to sell all of their Treasury holdings. I analyzed that decision from the point of view of Technical Analysis and I argued that it was a wise risk … Continue reading →

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Five Consecutive Lower Closes in QQQ

Posted on May 5, 2011 by

The last time there were 5 consecutive lower closes in QQQ was back on October 4 of last year. The base, or reference, closing price of that pattern is marked on the chart with the green vertical line. A respectable rise in … Continue reading →

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