Market showing some strength amongst all this weekness with a nice recovery off the day's lows...but all seems to just jump around just cause of news...i am ready to go long if we go long...or just watch if we keep going lower....very near killing my bullish stance today
Savy, young traders putting everything on the line for a piece of the big pie...
Friday, December 28, 2012
Thursday, December 27, 2012
Wednesday, December 26, 2012
12/24 - LGSR - remaining bullish, pullback near complete
staying bullish and ready go to long here....strong enough pullback and only 1 of the indexes (INDU) has bearish divergence
Friday, December 21, 2012
12/20 - LYSR - going higher soon
Charts similar to yesterday other than some of the leaders going higher such as IWM and EEM...makes me more sure that we won't get much more of a pullback and possibly yesterday was even it...but i want more...we don't always get what we want...
Thursday, December 20, 2012
12/19 - LYSR - wait for more pullback
Market had a pullback but need more to be a good buying opp...all news right now, so its real unpredictable but always bullish cause its news and gov't at play
Wednesday, December 19, 2012
12/18 - LYSR - Wait...
Market rallying very strong...seems like its mainly cause ppl think a finalization to the fiscal cliff is upon us and it is bullish for the market as it leads to least uncertainty...and well...that's probably correct...in any case, i missed the boat on this one...not time to buy...
Tuesday, December 18, 2012
12/17 - LYRSR - news pushing higher...annoying
Don't get me wrong, i am itching to go long here despite seeing that it is already long in the tooth..but just for a day or 2 rally..but then after sorting through a few possible charts, i saw that we are still at reistance and its not the time to risk money on the longside...a stronger pullback will occur either making for a good long position at a much better price or a strong pullback after all this news is over that proves that we are now in a longer term stage 4 or stage 1 market
Monday, December 17, 2012
Friday, December 14, 2012
12/13 - LRSR - 1st day of pullback
Market pulled back after 2 days of not being able to close above resistance...bearish outlook to me...
Thursday, December 13, 2012
12/12 - LYRSR - resistance holds for closing price
Market cannot close above resistance and closes with a bearish candle...but 60min is still ok...big red flag though
Wednesday, December 12, 2012
12/11 - LRSR - right at resistance levels
Market is at resistance but IWM shows that maybe that's okay as it just broke its levels already... i think its better to be save than sorry here as resistance is strong and we are overbought in all indexes
Tuesday, December 11, 2012
12/10 - LYRSR - range scary
Still seeing bullish moves in the major charts and think SPX should follow...but still stuck in a range with IWM....feels much like ppl waiting for a catalyst / news...sucks
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