Thursday, September 30, 2010

Tuesday, September 28, 2010

Resistance in the monthly frames on $indu and spy...


Looking for shorts in the smaller frames because some moving averages in the monthly are resistance.

Friday, September 24, 2010

Bear bull fight yesterday...to reverse or not...


The daily shows us a double top. The dow lost the 5 ma daily. Bears in favour today I think.

Thursday, September 23, 2010

5 ma daily is again key today...


We see a red candle on the daily frame. Perhaps more downmomentum today. Looking again for shorts because of extention.

Tuesday, September 21, 2010

Higher and higher but vulnerable...


The bullish market reached some levels of april this year. This could be resistance and because of extention, longs short term are dangerous.

Wednesday, September 15, 2010

Tuesday, September 14, 2010

to vulnerable for longs...


The bulls are strong but don't chase the market.
Waiting for a pullback to go long.

Sunday, September 12, 2010

Thursday, September 9, 2010

Monday, September 6, 2010

Closed because of Labor day...


Looking for shorts tomorrow because of extention. Target = the rising 5 ma daily.

Wednesday, September 1, 2010