Now, looking at a shorter term chart of the S&P, we are still making higher lows. We saw yesterday how quick things can change, remain cautious and hedged at all times.
I want to see us trade below 827, today’s low, before being net short.
Joined Jan 27, 2008
7,405 Blog Posts
that FAZcrack is trying to put a hole in me.
Just took my hit on FAZ, sold @ 59 and change.
VMW on fire.
ERX looks great above $38, it’s on my radar.
Holding some ERX overnight.
Word. Holding TNA overnight.
Failed head & shoulder pattern = Bullish.
We should trade higher tomorrow.
Good catch on the higher highs/lows…Gotta get that Y scale set better on mine…
One more day for some sleepovers.
The Cajun is fixing his famous pot of Jambalaya.
Developing…
are the Rajin’ Cajuns gonna beat Middle Tennessee tonight?
Hope so, it’s are only chance for a bowl game.
Have you looked at a 3 month chart lately?
Ragin,
You are hot right now. Do not doubt yourself. You will prevail my son… you will be righteous, and you will prevail.
Kind regards,
mdawsz
That chart pretty much sums up why there’s so much confusion in the financial blog world. Either you see it as a steep bear flag, or as rally off of capitulation. Monday was not capitulation by the way. This rally is weird.
-gio-