HOTLINKS: Dow Jones |
Economy | Gold |
Housing | Forex |
Energy | PHW Most Tradable
Trading Software | Reviews | Forecasting Software | Books
NEW ANNOUNCEMENTS: click here
Current Market View:
>Moving On Down: I'm looking for the completion of the Head-and-Shoulders pattern before a bounce. The correction has only just begun! Members of Sunny Side of the Street click here. There's a lot of Attraction at 9801 as it is 99 squared, which is two 9s (significant Gann number). It just might hold any further downside action. But, if not...watch out below.
High Likelihood Chart (call me for my in person opinion: (760) 908-3070)
Charted with MultiCharts:
Immediate Reading:
Current Mathficast Forecast
(click here for more information)
Sector Charts:
5/10/2010: The Dow Jones 30 benchmark indicator has retreated from the Attractor at 10783, in an astounding 1000 point one day drop. The recovery from the drop was immediate, but I fear short-lived. To me it looks like the Dow needs to see 8000 before it sees 12000 again
6/7/2010: Still looks to me like we are heading for a break of the key 99squared=9801 level going on down to 89squared=7921. That would be a retracement of 75% of the move from March 09. There are heavy Attractors at the 8856 level, which would be a 50% retracement. Perhaps it will stop there.
Recession Status:
I think we are in for more downside action, taking the Dow as low as 8000 before it's over.
Looks like a bubble to me, but considering the state of the economy, it may have further up to go before it bursts.
Apparently a recovery has begun. There are buyers out there. However, if you'll check your own home on Zillow.com you'll find that its price is likely still moving downward. It's a recession if it's your money, it's a depression if it's my money.
A little more movement to the downside will complete the testing of the Attractor at 1.36415, and will allow price to move back up to 1.66432.
Crude Oil:
Weekly chart of QMU10 shows a steady climb with retracements up to 90. There is an Attractor at that level, exactly at 90.00, so I expect price to retry the 90 level and then retreat again.
OTHER LINKS:
Read Al Larson's (Hans Hannula) recent commentary. Cash In On Chaos.
Why should I join the MoneyMentor? Only Members get access to the Members Only areas within the Money Mentor. Plus, to keep this website vibrant and full of references, we need proof of traffic--to entice advertisers. Help keep the MoneyMentor vibrant and free, let us know every time you come back, and we promise not to blast you with emails, or give your address to anyone else. (...more)
Conferences & Seminars: MARHedge, Trading On Target, Money Show Calendars
Find a trading group in your neighborhood. Share trading ideas and concepts with others. Listen to speakers from around the world share their concepts. (...more)
Communicate with other traders, pro and novice. Chat room & Auditorium. Petition software and data vendors for product enhancements and bug fixes. (...more)
GMail Messenger is a user-friendly, client-based communication service. Using this chat venue, you can identify when your business associates, other traders, friends, and family are online. While they're online, you'll be able to chat with them (individually or in a group) using instant, private text messages. And when Sunny is online, you can chat with her (during the 8am-9am timeframe)... (more)
What's New on this Site? Click Here to Listen to Our Theme Song.
DISCLAIMER: MoneyMentorCenter.com is NOT me. I am MoneyMentor.com. Please don't call me complaining about their erroneous charges to your credit card. Contact them, not me. For more information, Click Here. My website is not in any way related to Robert Allen's MoneyMentorCenter. Please do not contact me about problems with his billing and mentoring services. Contact him at 1-800-743-8533. Turn MoneyMentorCenter in, to the RipOff Report with your complaints. They've not only used our name, they charge cards without authorization.
"BEST CHOICE" EARNINGS CHART:
 BestChoice, by Sunny Decker |
Largest PHW values indicate higher swing potential over time, allowing room for trading long and short. Consider high PHW stocks and vehicles for possible high return, versus buy and hold investing. The highest PHW currently is in GOOG, AAPL, and IBM.
To view the PHW Indicator for TradeStation, and to read about its uses, click here.
Latest Iris Photos, click here. Sunny collects hybrid iris and grows them in her back yard. Enjoy the photos.
To become a member, and have access to the private areas of the Money Mentor, click here. To subscribe to my newsletter and commentary, click here. To view my products, click here. To view my books, click here. To pose questions for my next book, or to read about my next three books, click here.
Many Happy Returns.
Sunny Harris
