Friday, September 24, 2010

News consolidation and at resistance

The normal way to play resistance, and this is coming from the technicals masters of support and resistance channels, Stock Traders Daily...is to respect support and respect resistance until they break.

ES has resistance in the low 1140's, if it break above 1145 1146 area, I will have to take some lumps on puts, and go back to observing.   Otherwise, this farce of a wave 2 frog boil will soon end.

Big moves usually come 1 to 3 days after an important moon like the fall equinox, but moons don't always work.   We will see.

And here great news----I am sure we get more truth in the news with consolidtion and control of the media by the financial behemoths.

http://www.msnbc.msn.com/id/39343715/ns/business-media_biz/