Friday, November 12, 2010

20 ma daily was support on es...


The 20 ma daily was and is still support. The same question as yesterday: is the rising 20 ma daily stronger then the declining 5 ma daily??
Nobody knows but there is still a lot of extention in the daily frame and some day the 20 ma daily wil capitulate.

Thursday, November 11, 2010

Who is in favor....5 or 20 ?



The market moves today between the 5 ma and the 20 ma daily. Is it a healthy pullback or will the bears take control longer term? The rising 20 ma daily is support if we get there.

Wednesday, November 10, 2010

5 ma daily was weak...resistance today???


Es, ym and nq lost the 5 ma daily at the same time. Would it be a signal for the bears to take
control?

Tuesday, November 9, 2010

Sunday, November 7, 2010

It remains bullish but overbought...


Nothing changed. Bullish but overbought.
Always remeber: the trend is your friend!!

Friday, November 5, 2010

The market is.....so, thinking is wrong...


Already a few weeks I am writing that longs are vulnerable and dangerous but the market is still rising. As long as we see higher highs and lower lows in the daily frame, the market remains strong and longs get the benefit of the doubt.
So, trade what you see, not what you think...