Wednesday, July 22, 2009

The head and shoulders line appears to be strong

Even I am getting sick of saying head and shoulders, but until it does the big dirt nap, I must consider it in play.

I need to add this: when a line is obviously a line in the sand and it is tested repeatedly, it will either be rejected strongly or broken strongly. I have seen lines be tested up to 7 times. If there are any bears out there that haven't caved in, on the break of this line, you sure better think about it. Until this line breaks by a significant amount (not a fake break) I am holding short. God save you if you do as I do.

Another note. I rebooted my main computer last night, shortly after the eclipse passed. It wouldn't even bring up the infamous BSOD, it went directly to a CHKDSK which continuously found file structure faults, without stop. Had to use Norton 14 recovery disk and re-image to a third normal form from 2007 in order to get anything to work. Eclipse effect? Who knows. Perfectly bad timing? Maybe not. Perhaps doing nothing on the trading front was the best possible move.