Thursday, January 31, 2013

Tuesday, January 29, 2013

Sunday, January 27, 2013

Friday, January 25, 2013

Thursday, January 24, 2013

Inventory Re-Balancing

We all knew that this market was getting too long, yet, even the Apple miss last night didn't stop it from almost testing 1500.  1497.75 was it and the market liquidated to a minor new low below A period.  And that minor low triggered the trade of the day for a nice reversal.

A failure day like today, at such a significant zone, really leans odds for downward action of some sort.  Apple off 13% to boot.  We will see.  New moon anyone?






Wednesday, January 23, 2013

Tuesday, January 22, 2013

Sunday, January 20, 2013

Inside Day






Intraday analysis. 





Thursday, January 17, 2013

Wednesday, January 16, 2013

Tuesday, January 15, 2013

Up Or Down?

Go or no go zone here, I think.  Soon, we fail miserably here with a huge red bar.  Or, look above and fail for a miserable red bar.  I do wonder if all of the divergences and mixed signals during this 10 day basing action post big gap up is a big, fat warning sign. 







Monday, January 14, 2013

We Wait

Three days of inside balance with negative money flows and new highs and lows staying largely constant.

Could go either way, up for down out of this consolidation.  I'll go with it, or recognize the look above (or below) and failure, to trade accordingly.