Gaming the Market » SKF http://www.gamingthemarket.com Focus on Market Manipulation Fri, 11 Feb 2011 04:49:48 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 More Tankage: Too Easy To Be True? http://www.gamingthemarket.com/more-tankage-too-easy-to-be-true.html http://www.gamingthemarket.com/more-tankage-too-easy-to-be-true.html#comments Thu, 07 Aug 2008 03:45:00 +0000 GTM http://biz51.inmotionhosting.com/~gaming5/?p=14 GTM is not an investment site, nor is it qualified to give trading advice. That being said, sometimes there will be a set-up that just screams, “Look at me!” Here it is for what it’s worth. It seems the market is approaching an inflection point based on technical analysis. Please feel free to comment.

DOW (daily bars)

The Dow looks like it formed a hammer off the 50 day sma. How about that overhead resistance. Could this be a bear flag? Are financials a bit toppy right now? With all the recent PPT money that was thrown around, what is the Bull catalyst for continued cash infusions?

SKF (weekly bars)

This trend line corresponds with the weekly period 50sma. That’s pretty interesting. If the baseline holds and SKF retraces up half of the recent down move, that’s a 45 point move.

ABK (weekly bars)

ABK is up 125% in 5 days and seems to have met a long term resistance level. A retrace of half the recent push would put it back into the weekly price channel in the $3.50 area.

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