Monthly Archives: September 2011

A Short QQQ Pattern With a 5% Profit Target

Posted on September 30, 2011 by Michael Harris

As of the close of yesterday, Thursday, September 29, 2011, a price pattern of two lower lows and two lower highs was formed in QQQ. In addition, the close of yesterday was lower than the low of the day before … Continue reading →

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S&P 500 Sideways, Choppy Price Action

Posted on September 28, 2011 by Michael Harris

S&P 500 has been moving sideways in a 100 point range for almost two months. This choppy market action in a narrow range has been the cause of severe problems to some trend followers. There are conflicting technical signs about … Continue reading →

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ETF Technical Analysis – Week of September 26, 2011

Posted on September 25, 2011 by Michael Harris

As of the close of Friday, September 23, 2011, SPY, QQQ, GLD, SLV, FXE, USO and DBC are on a short-term downtrend. TLT is trending up in all three timeframes. There are significant overbought/oversold conditions under development. Specifically, SLV and DBC are oversold … Continue reading →

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ETF Technical Analysis – Week of September 19, 2011

Posted on September 18, 2011 by Michael Harris

As of the close of Friday, September 16, 2011, SPY and QQQ are on a short-term uptrend, GLD and SLV are on a short-term downtrend, TLT is on short-term correction mode, and FXE, DBC and USO are moving sideways. There … Continue reading →

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A High Probability QQQ Pattern With a 6% Profit Target

Posted on September 15, 2011 by Michael Harris

As of yesterday’s close a symmetric price pattern of two higher closes with the last close higher than the high of the previous day was formed in QQQ. Historical analysis shows that this is a high probability pattern with a … Continue reading →

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TLT Possible Correction to Close Gap

Posted on September 14, 2011 by Michael Harris

The rally in bond prices on Friday, September 2, 2011, caused a gap in TLT daily price chart of $1.68. This is a sizable gap and it looks like that the market will move to close it before it attempts … Continue reading →

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P-Indicator Results for QQQ and SPY Point to a Negative Short-Term Bias

Posted on September 9, 2011 by Michael Harris

As of the close of Thursday, September 8, 2011, p-indicator results for SPY and QQQ show a negative short-term bias for 3%, 4% and 5% price envelopes.

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Curve-fitting and Optimization

Posted on September 7, 2011 by Michael Harris

The subject of optimization and curve-fitting has received a lot of attention by trading system developers, especially during the last 10 years. There is a lot of confusion about this subject and different views, some even conflicting. There are those who claim that … Continue reading →

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