Tuesday, July 21, 2009

Ho-Sto and H&S

Crystal ball? Still fuzzy. I executed my trading plan yesterday. I did nothing.

This chart speaks for itself, although I could see that shoulder getting tested again, maybe Wednesday.

Bernanke is testifying in DC today and tomorrow. He is getting better at spin, but will this be a sell the news, as "real" earning reports also come out? Time will tell. Get your lists and charts ready. I cleaned up my watchlists yesterday and like a large clean desktop, it is a beautiful thing.

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Insightful and Useful Comment!