Thursday, October 28, 2010

the 5 ma daily did it again...


The 5 ma daily was support again. Ym hit the 20 ma daily and that was also support. The trend is still up but vulnerable.

Wednesday, October 27, 2010

The smaller frames are still moving above the 5 ma daily...



Running in place the last couple of days.
Perhaps, perhaps it's the beginning of a reversal.
But, trade what you see. The 5 ma daily is support and the market is rising. So......

Tuesday, October 26, 2010

50 ma monthly es could be resistance now...


If the bigger timeframe wins, the bears are in favor the next couple of days. Trade what you see.

Thursday, October 21, 2010

Wednesday, October 20, 2010

5 ma daily is resistance today....


The 200 ma 60' was to strong for the bears yesterday and the market made a bounce. But the 5 ma daily is resistance now.

Monday, October 18, 2010

The bulls get the benefit of the doubt but ....


The smaller frames still move above the 5 ma daily BUT don't chase the market. Wait for a pullback to go long.

Wednesday, October 13, 2010

The sky is the limit...



The market remains strong but is vulnerable in my opinion. Don't chase the rally but wait for a pullback.

Friday, October 8, 2010

Thursday, October 7, 2010

5 ma daily is still support...


The bears were strong yesterday and I still prefer shorts because of extention in the daily frame. Of course there is still the rising 20 ma daily and that's bullish.

Wednesday, October 6, 2010

Tuesday, October 5, 2010

Who is gonna win???


There was downmomentum yesterday. 20 ma daily to hold or not??? ( of course the bears were favorite yesterday and not the bulls)

Friday, October 1, 2010

Same situation as yesterday.


5 ma daily and the 200 ma 60'....to hold or not.
The market remains to extended for save longs.