2nd Day of "The Grind"

Bull Market Clockwork Bounce

Today was a clockwork bull market 7:30 reversal at the daily moving 10 average. And they insulted the bears further by taking out the A period excess selling tail with a full re-trace -- with some upside range extension to boot.

Liquidation Double Top

Here is why it was worth a shot to short the morning range highs today.

This is a textbook daily double top with trend day down protocals.

The trick going forward is to determine if it was new business shorts entering or just a re-balancing of the laggard longs.

Trade of the Day: Break of Range Lows in ES without NAZ and DOW

Sometimes it's good to just review the basics: When the ES breaks out of it's range and is not accompanied by two of the other major indexes, then the odds are ripe for a reversal. Add in zero up/down volume readings along with neutral Advance-declines, then even better.

Pattern of the Week: TICK - Price Divergence

11-2-10: Tuesday -- Get Ready for a Big Move!

11-1-10: Monday - 1st Day of the Month Trade Gets Faded

Just trying to do the analysis of today. Despite today's selling that blew out a host of longs, it was not "vicious" and the mechanical lows were re-traced hard.

Here comes the Fed.

Let the games begin.