new moon soon

This site is the home for new moon soon trading tools. Eclipse is a fully automated trading system with a strong bias towards volume analysis. Trend Channel is an automated channel analysis tool. The following trend analysis uses data extracted from the Trend Channel tool.

Trend Analysyis for 08/10/2006

View history: 09/01/2005 09/02/2005 09/06/2005 09/09/2005 09/12/2005 09/13/2005 10/28/2005 01/05/2006 01/06/2006 01/09/2006 01/10/2006 01/11/2006 01/12/2006 01/13/2006 01/17/2006 01/18/2006 01/19/2006 01/20/2006 01/23/2006 01/24/2006 01/25/2006 01/26/2006 01/27/2006 01/30/2006 01/31/2006 02/01/2006 02/02/2006 02/03/2006 02/06/2006 02/07/2006 02/08/2006 02/09/2006 02/10/2006 02/13/2006 02/14/2006 02/15/2006 02/16/2006 02/17/2006 02/21/2006 02/23/2006 02/27/2006 03/01/2006 03/02/2006 03/03/2006 03/06/2006 03/07/2006 03/08/2006 03/10/2006 03/13/2006 03/14/2006 03/15/2006 03/16/2006 03/17/2006 03/20/2006 03/21/2006 03/22/2006 03/23/2006 03/24/2006 03/27/2006 03/28/2006 03/29/2006 03/30/2006 03/31/2006 04/03/2006 04/04/2006 04/06/2006 04/07/2006 04/10/2006 04/11/2006 04/12/2006 04/13/2006 04/17/2006 04/18/2006 04/19/2006 04/20/2006 04/21/2006 04/24/2006 04/25/2006 04/26/2006 04/27/2006 04/28/2006 05/01/2006 05/02/2006 05/03/2006 05/04/2006 05/11/2006 05/12/2006 05/16/2006 05/17/2006 05/18/2006 05/22/2006 05/23/2006 05/24/2006 05/25/2006 05/26/2006 06/08/2006 06/12/2006 06/13/2006 06/14/2006 06/22/2006 06/26/2006 06/27/2006 06/28/2006 06/29/2006 06/30/2006 07/03/2006 07/06/2006 07/07/2006 07/10/2006 07/11/2006 07/12/2006 07/13/2006 07/17/2006 07/18/2006 07/19/2006 07/20/2006 07/24/2006 07/27/2006 07/28/2006 07/31/2006 08/01/2006 08/02/2006 08/03/2006 08/04/2006 08/07/2006 08/08/2006 08/09/2006 08/10/2006

The rally off the opening low today was rather more than required for a consolidation in a continuing downtrend. A break up through the yellow downchannel will confirm that more bullish potential exists up to the old resistance area around 708 to 710. However, as long as this channel remains intact we should assume that a choppy downtrend will continue.

Tim

Chart description

"Trend Candles" chart	"Channel support/resistance" chart
A "Trend Candle" is a means of quickly visualising the most important parameters of a trend, namely, the direction, the start and end points and the primary channel boundary. The diagram above shows Trend Candles for four degrees of trend (labelled 5,4,3,2). The top and bottom of the candles mark the high and low pivots for the trend. A green candle indicates an active uptrend, a red candle indicates an active down trend and a "doji" candle indicates the trend channel has been breached and no new trend established. The blue labels ("P") to the right of the chart show the relevant Pivot levels. The brown labels ("B")show the channel boundary levels at the End Of Day. The single green label shows the closing price. The slope of the channel boundaries can be seen on the Channel support/resistance chart.	The Channel support/resistance chart shows the last four days of trading together with the active channel lines. These are projected forward for one day in order to see the likely support and resistance areas for the next trading day. Channel lines are shown for different degrees of trend and are color coded, the highest degree being gray (5), then yellow (4), red (3), magenta (2), cyan (1). Sometimes the channel lines at higher degrees of trend are too far away to be shown on the chart.
Method: Channel boundaries and major pivot points are often good points to enter, exit or reverse trades. Typically, it's preferable to trade in the direction of the major trends and use the channel boundary levels as stops. However, when the channel boundary level approaches the trend limit value there is often a good trade set-up for trading the channel break (reversal). Look for the following: Bounces off channel lines to resume the primary trend. Convergence of uptrending channel at one degree with downtrending channel at a lower degree. One must break. Breakouts from pivot levels indicating a continuation of the current trend. Trend reversals from Trend Candles with a LONG TAIL and SHORT BODY. Click here to view some trade examples.
Note: All source data for the trend analysis charts has been extracted from Trend Channel tool. For further details, please click here: Trend channels.

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