Close

June, 2011  // Posts published in June, 2011

30 Jun Posted by in Market Forecasting | Comments

Gold Down Again?

Gold Down Again?

    A close in GCQ11 below $1496 will signal a downtrend, and a projected target of $1400. Currently gold is @ $1500/oz. A $100 per oz. price correction to $1400 is $10,000 per contract.         Risk Disclosure: There is a risk of loss in trading. Whether it is commodities, stocks and/or […]

Read more...

Mentor Mike’s Daily Turning Points for Wednesday, 6/29/11

Mentor Mike’s Daily Turning Points for Wednesday, 6/29/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 1 wins / 0 losses; ES: 4 wins / 0 losses   […]

Read more...

Mentor Mike’s Daily Turning Points for Tuesday, 6/28/11

Mentor Mike’s Daily Turning Points for Tuesday, 6/28/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 4 wins / 0 losses   […]

Read more...

Mentor Mike’s Daily Turning Points for Monday, 6/27/11

Mentor Mike’s Daily Turning Points for Monday, 6/27/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 4 wins / 0 losses   […]

Read more...

27 Jun Posted by in Market Forecasting | Comments

Conventional Chart Analysis

Conventional Chart Analysis

      The Nasdaq (September contract) is challenging 2300…stiff resistance. Technicals are pointing towards 2000 target by Labor Day 2011. If interested in how I came up with this chart prediction, give me a buzz!        

Read more...

Mentor Mike’s Daily Turning Points for Friday, 6/24/11

Mentor Mike’s Daily Turning Points for Friday, 6/24/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 5 wins / 0 losses; ES: 7 wins / 0 losses   […]

Read more...

23 Jun Posted by in Market Forecasting | Comments

Conventional Technical Analysis vs. Psychological Evaluation of the Market

Conventional Technical Analysis vs. Psychological Evaluation of the Market

      After 35 years trading as a technician in the commodity futures markets, and after winning the Chartist of the Year award, I do not believe that “conventional” technical analysis is the way to succeed in trading. My trading approach has the advantage of no interpretation…I call it the R2D2 System.     […]

Read more...

Mentor Mike’s Daily Turning Points for Thursday, 6/23/11

Mentor Mike’s Daily Turning Points for Thursday, 6/23/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 4 wins / 0 losses; ES: 5 wins / 0 losses   […]

Read more...

23 Jun Posted by in Market Forecasting | Comments

How to Pick a Market Top!

How to Pick a Market Top!

    The Euro-currency and silver are currently setting up for a sell signal. Wednesday gold finally tested the highest closing price of 5/2/11, then retreated quickly. I would use the silver sell signal confirmation to go short the gold…. Can this be the top of the market?        

Read more...

Mentor Mike’s Daily Turning Points for Wednesday, 6/22/11

Mentor Mike’s Daily Turning Points for Wednesday, 6/22/11

  You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 6 wins / 0 losses   […]

Read more...