Tuesday, November 16, 2010

Monday, November 15, 2010

Inside Range Day



I'll be on watch for some lame push to new lows that the waiting bulls will love to punish : )

Friday, November 12, 2010

Thursday, November 11, 2010

Wednesday, November 10, 2010

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.

Tuesday, November 9, 2010

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.

Monday, November 8, 2010

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.