Deleyad Post -- Serious Computer Problems

The "fans" have spoken, and we are ditching our video efforts.  Quality is too poor, and the crew does not want to hassle with Screencast.  Plus, I think ego comes into play when speaking the analysis live. My analysis has never sucked more.  Must just be how the brain is wired.

On cue, our favorable take for more upside was dead wrong, as the big red bar printed -- off of the lower high -- into the big gap fill zone.

But as reeds in the wind, we flow with what unfolds and don't get hung up on our prior day's analysis  -- right?

Today offered a nice early session "go with" short as TICK was clearly signifying no messing around to the downside with the huge gap fill just below.  But these can be hard trades to take.  Yet we identified that if it was going to fail, that gap could really juice downside, so no excuse to at least contemplate the trade.

The true trade of the day was the 11:00 counter-trend reversal trade just under VWAP.  Back in the 2008 era, this trade would set up time and time again.  And it still does on big down days, even in bull markets.  On "first day down" big red bars with extreme sediment readings, and volume, there are no higher odds trades than the morning pullback to vwap reversal, and the counter-trend higher reversal at 11:00.

Tomorrow we expect balanced type of day.  Looks down below today's range lows on momentum divergences are good possible buys.  But if she wants to print a sell channel, we will not fight the tape.

A lot of folks are short today as the money flow readings indicate.  So a short covering rally will have some teeth.