Thursday, December 30, 2010

Siteways but still bullish...


Because of the year end there is little action in the markets. Wait and see next week.

Monday, December 27, 2010

The smaller frames are moving under the 5 ma daily...

The charts show some weakness. Is it a healthy
pullback or is it a reverse toward the rising 20 ma daily and lower?

Thursday, December 23, 2010

Wednesday, December 22, 2010

Higher and higher babe....


The "end of year rally" continues. The trend is up but the sky can't be the limit imo.

Tuesday, December 21, 2010

Monday, December 20, 2010

5 ma daily is weak....



Again pressure on the 5 ma daily. Also Asia was weak tonight. The bears could take control today.

Thursday, December 16, 2010

Wednesday, December 15, 2010

Tuesday, December 14, 2010

Wednesday, December 8, 2010

Tuesday, December 7, 2010

To high and to vulnerable for save longs imo...


5 ma daily is still rising and the bulls are in favor but to risky for save longs imo. Waiting for a pullback here.

Friday, December 3, 2010

Strong, strong...


The trend is up but to high for me. Looking for shorts. Target the rising 5 ma daily.

Thursday, December 2, 2010

Perhaps a new high in the daily frame.


The bears are in favor, but a lower high is possible. 2165 and 2170 are shortable imo.