VIX - 1st Resistance - Quad Strategy Holding.

Market bounce is more probable as the VIX and DJIA will show - not too mention we have oil prices falling.

This is the first resistance for VIX. We could fall off resistance and market bounces aggressively, or we still penetrate through to the dotted blue line. Either way we are entering convergence of DJIA and VIX - look at the 1/2 Quad Strategy and the VIX resistance.

FCX testing trendline.

FCX Freeport-McMoRan Copper & Gold Inc. is testing a intermediate trendline. If we get a "hammer" candlestick on 20 million+ volume then we go higher, if not we have to respect the sell-stop at 98.50..

List of Candlestick Patterns.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_dictionary

NOTE: A trendline is only a trendline if it can touch 3 different points of reference. Two pointed trendlines are in fact not trendlines.

Coal Stocks - Take the Money and Run - MEE, ACI, CNX.

MASSEY ENERGY CO(NYSE: MEE)

ARCH COAL INC(NYSE: ACI)

CONS ENERGY INC(NYSE: CNX)

Original Analysis Below.

http://polluxtechnicals.blogspot.com/2008/06/coal-stocks-aci-mee-cnx-short-term.html

Profits of 12-15% + have been achieved since I posted to short these coal stocks. At these levels it is prudent to take the postion off. If you still feel they have more downside, then only stay short 25% of the original postion and cover the rest if you get a 5%+ more downside.

Overall the short swing worked and you have to respect it, take it, and now watch for the buy signals, or something different to emerge from them.

FCEL and BLDP - Play of the Month.

BUY:

FUELCELL ENERGY IN(NasdaqGM: FCEL)

BALLARD POWER SYS(NasdaqGM: BLDP)

Time Frame (3-5 month swing - with profit strategies during this period - stay tuned)

Ballard Power is a weekly technical chart that has come to an inflexion point. This looks the best of the two and shows more symmetry than Fuelcell, which looks as if it trades in more of channel. Also, these are election plays and one of the best sources for the world wide bus market, next to natural gas, but as nat. gas gets more expensive, these type of systems look more attractive for domestic budget issues.

1/2 QUAD STRATEGY - Last buy triggered.

The 3rd and last entry point for the 1/2 QUAD strategy would be completed at these levels. The market should bounce as the probabilities are increasing here, but anythings possible.

SLV- BUY. Silver follows Golds lead.

All of this commodity boom is based on shrinkage of Amercian Wealth! What's in your wallet? Bank paper, which is paper backed up by more paper, or something that will never erode like a clunk of silver? For all of the bankers out there, this is the phsycology that is keeping price higher and will continue until we stop the evaporation of Amercian wealth.

GDX- Gold Miners Go Higher.

Junior/Small/Micro caps to outperform Large Cap Gold Stocks.

The market will now discount junior/small/micro caps based on reserves and timeframe to get those reserves - this is partly because if the large caps want to keep up with growth rates, they must start to buy juniors/small/micro cap miners. They have the cash, they just have to do the research and find out which stocks can give them the most octane for their buck.

IVN, CDE, SIL.

P/E (Ratio)

AGNICO EAGLE MINES [AEM] 71.53
ELDORADO GOLD CORP [EGO] 67.70
GOLDCORP INC [GG] 58.31
ROYAL GOLD INC [RGLD] 47.05
COMPANIA MIN BUEN [BVN] 47.00
YAMANA GOLD INC [AUY] 44.42
KINROSS GOLD CP [KGC] 42.09
BARRICK GOLD CP [ABX] 22.16
GOLD FIELDS LTD ADS [GFI] 17.18
NORTHGATE MINERALS L [NXG]

DRDGOLD LIMITED ADS [DROOY] 2.98
APOLLO GOLD CORP CDA [AGT] 7.29
RICHMONT MINES [RIC] 10.69
NORTHGATE MINERALS L [NXG] 14.14
GOLD FIELDS LTD ADS [GFI] 17.18
COMPANIA MIN BUEN [BVN] 47.00
ROYAL GOLD INC [RGLD] 47.05