Friday, November 30, 2012

11/29 - LYSR - stage 1 ready for a fall

Market is overbought but keeps churning higher...resistance at QQQ might slow everyone down but don't count on it...next move still down so until then, just keep watching...




Thursday, November 29, 2012

11/28 - LRSR - Stage 1 (straddling 30ema)

Market in stage 1 but and closed at the highs to ward off a bearish move yesterday...but still looks likely to go lower...unless of course news is involved and we somehow just go straight all the way to new highs...that would be amazing...but nearly unbelievable...



Wednesday, November 28, 2012

11/27 - LRSR - If support breaks, we go lower...

Market showing a lil resistance at this level and as i think we need to form a higher low to push higher to a higher high, i am betting that we will go lower from here with a stop above the most recent high of the previous few days





Tuesday, November 27, 2012

11/27 - LYSR - too early to short

Short position not confirmed in QQQ or IWM...showing now is premature to short probably





Monday, November 26, 2012

11/23 - LR, SY - at resistance now...

Market actually gave the FI divergence last week as a signal the pullback might be strong and i totally missed it...now we are way higher but at resistance on may charts..i expect us to come down soon but probably to a higher low which ends the stage 4 and goes into stage 1 sideways action...friday's move happened with huge move in UUP and FXE...what happened? i don't remember anything in the news







Friday, November 23, 2012

11/21 - LY, SR - still higher, but lower soon

Market seeing signs that we can go lower here but with no good support area in 60 min chart, still no good buy setup...so i think better to wait to see if we can possibly make a good entry spot for monday....also 1/2 day trading might not move enough of the chart to make a sideways move in the shortterm..but does feel like we will go lower next instead of much higher...


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Wednesday, November 21, 2012

11/20 - LR, SR - want to short but no auto

Market looks like it will go lower...but i can't see a good entry point here...ideal would be a small move sideways showing us a great entry area and then a subsequent drop afterwards to prior lows...




Tuesday, November 20, 2012

11/19 - LY,SR - big bounce ruined LT stage 4

As u look at the market, i can't help but be frustrated...looks like this market might go higher than expected...and i didn't get in on the bounce..what i worry about is just no trading direction for months...so instead of a small bounce that will eventually resume the selling, we are now facing a situation where we might just churn sideways in a big range for a real long time...years even...and that would really really suck...makes me wonder if individual stock picking will be the only possible method going foward




Friday, November 16, 2012

11/15 - LR, SY - support area?

 Market is possibly showing a level that it can hold...but need more evidence...not a buy or sell here





Thursday, November 15, 2012

11/14 - LR, SY (may have 100% fib soon)

Market keeps moving lower..many charts showed a break of even 61% fib so a full retracement is actually possible...wow!






Wednesday, November 14, 2012

11/13 - LR, SR (sideways to low)

Market stuck in a small range but VIX still moving and so i think we might possibly just go sideways or only slightly up before more selling...selling might even start as early as tomorrow based on QQQ





Tuesday, November 13, 2012

11/12 - LY, SR (maybe pullback weaker than expected)

inside day...no change in my expectations...except maybe we drift sideways than go higher as bulls are nowhere to be seen...i need to find out why the shit volume...





Monday, November 12, 2012

11/09 - LY,SY - Waiting for Short Opp

 Market will most likely go lower, but at this point a nice bounce or sideways action is very possible...i won't trade it as i learned my lesson and will be waiting for the next shorting opportunity...