April 1st 2008

Higher Lows and Charts of Interest

Day Trading is still my modus operandi, temporarily anyway. Looking at the daily charts I might be seeing some light at the end of the tunnel.

2008-03-31-indu.png

Higher lows are back again. The next step would be to find out what stocks are pushing us higher.

2008-03-31-compq.png

I would be drilling down into the index components to find what specific stocks are forming patterns that will move higher. Like I mentioned in the chart, the slope of that flag is a little steep, but it’s a move over 2346 that interests me.

2008-03-31-gld.png

I’m sure you’ve heard the radio advertisements. “It’s a great time to add gold to your portfolio”. Well, I would put that buy on hold for the time being.

2008-03-31-rimm.png

Your typical bull flag for this fast mover.

2008-03-31-fslr.png

Another old reliable. Very interesting over 240.

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