I want to say that its time to go short..and that is how i would have traded after just barely glancing over the charts...but after more deliberation, i've decided that we are actually still in a consolidation pattern and not enough evidence that we are going lower just yet....but then again, i might kick myself tomorrow when i find out that this was indeed the ideal time to go short...i think after looking at some stock patterns, i will be more sure
Savy, young traders putting everything on the line for a piece of the big pie...
Thursday, May 31, 2012
Tuesday, May 29, 2012
5/29 - L-yellow, S- red
I really wanted to call it RED for long and short...but when i told myself that its too fearful if i place 2 red signals, i decided that long was slightly better as its still pulling back so there is a chance it can continue even though strong resistance is seen in many charts....but after doing the stock scan, i realized i didn't like anything long or short anyway, so not so important...no good patterns makes me feel more like a RED signal in both directions is the correct call
Monday, May 28, 2012
Thursday, May 24, 2012
Wednesday, May 23, 2012
Monday, May 14, 2012
Saturday, May 12, 2012
Thursday, May 10, 2012
5/9 - Long, yellow / Short, red
Now more ripe than before...i think i was too hasty to mark a green buy signal in the past 2 days...but now is good again...but think possible 1 more day selling...want 1 positive day first...
SPX - near support
IWM
NYMO
QQQ
Wednesday, May 9, 2012
Tuesday, May 8, 2012
Monday, May 7, 2012
5/4 - Long, red / Short, yellow
SPX - not at support yet...huge fall
QQQ - huge volume near support
USO - huge vol, huge drop, support
Thursday, May 3, 2012
5/3 - L:red, S:yellow
SPX - going lower (i think)
IWM - overbought is a common theme and so is the reversal pattern possibly moving us to the support below
SPX weekly - shines light into just how strong this above resistance level is..goes back to 2008 and strong also in 2007
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