Saturday, April 26; raw daily DIA, IWM, QQQQ and SPY

Greetings ...

This is a weekend post with some daily charts for everyone to tear apart and talk about.  Here are the DIA, IWM, QQQQ and SPY.  

I can see a few things of interest but I'll refrain from offering them up right now so that you can can submit some of your own unbiased observations.  I will present my own twisted views in the comments section.

Also, after we've had the chance to tear apart the 'raw' charts, we can post some that have a fewlines drawn that might present some clues of what we can all expect next week.  For now, I think there's an awful lot to be seen without adding any lines; trend, fibonacci, or otherwise.

Thursday morning

Winace has put up a blog post this morning; hence Carlton and MichaelD will be blogging over there today [4/17].  See you at     http://www.channellines.com

The Blog Is Up And So Are The Markets

Greetings and welcome.  CarltonL and I were spending a lot of time on Winace's Channel Lines blogging site.  As you may know Winace has fallen on tough times.  In the interests of keeping the conversations going we are posting this blog.  Thanks to him for his effort in slapping this together in short order.

My first contribution, lame though it may be, is a chart of the Russell 2000 [$RUT].  This is a 45 day chart displaying 30 minute candlesticks.  I don't usually chart the RUT very much; preferring to spend my time on the IWM.  Right now my IWM chart looks like a herd of chickens tracked mud all over it so I'll post this one which is slightly less confusing.  Some of these lines are more significant than the others.  The green ones are where my attention is focused.

Happy Trades

EDIT- added chart of the QQQQ

First Posting