Possible for market to start hooking back up now...but also see that on a 1 hr chart, we are just retesting breakdown and having strong short term resistance...
Savy, young traders putting everything on the line for a piece of the big pie...
Friday, September 28, 2012
Thursday, September 27, 2012
9/26 - L-red, S-yellow
Market near support but i think it has a lil more to go before the bleeding stops. in the intermediate term, we should go higher...but in the longer term, i am unsure...as with before, we have chinks in the armor...
Tuesday, September 18, 2012
9/17 - L-yellow, S-red
seeing a small move down...but not much...a breakdown in USO might signal real danger though...still no signs of much bearishness yet
Monday, September 17, 2012
9/14 - L-yellow, S-red
SPX is running up against some possible resistnace in some charts despite weak ones...we also see other signs in FXI and NYMO and even the candlesticks that we might headed lower soon...in any case, its a gamble to go short here...but good to hold safely with longs
Friday, September 14, 2012
9/14 - L-yellow, S-red
Market boosted big time by the FED...can't stop the bulls if FED is gonna keep announcing news like this...just wait for a pullback if got nothing....it seems inevitable with NYMO at these levels
Thursday, September 13, 2012
9/12 - L-red, S- red
Market is sideways for past few days...and i think it will stay this way for down as we need to digest the prior move....we started to see some indicator divergence in QQQ...i wonder if more will follow which might possibly drop us lower next than to new highs
Tuesday, September 11, 2012
9/10 - L-red, S-red
SPX pulling back...DJIA at resistance...thing we go down atleast a few more sessions before we read to go long again...
Friday, September 7, 2012
9/6 - L-yellow, S-red
market was bullish as i expected but i definitely was hoping and expecting a smaller move...but after this big move and still some resistance in djia and iwm, i am not too turned on the idea of getting long here..feels like i missed a big part of the rally already....
Thursday, September 6, 2012
9/5 - L-red, S-red
IWM showing strength while market waits...i trust IWM that we will go higher but definitely will need SPX to confirm before risking any real capital to it
Wednesday, September 5, 2012
9/4 - L- Red, S-red
Market continues its sideways moves and holds support....VIX continues to show that we might possibly go lower after all is said and done...volume showing that ppl are getting ready for a move.
Tuesday, September 4, 2012
8/31 - L-red, S-red
Market sideways for a while now...finding support but also showing negative signals so my prediction is we go up a little then back down....but if we go up today, i think its worth buying a long cause honestly, i don't know how high we can go before we go back down..might well be worth it
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