Tuesday, November 8, 2011

Calling Tops is a Fools Game, Call me a Fool

Indeed this is a strong uptrend in a cyclically bullish timeframe, 4th quarter before election.

New York Summation could be signalling near top, but in a strong uptrend this can just keep floating near the top.


 Cometo NDX chart shows some internal trendline resistance, could be a big downer soon.

Here is the link to the real chart, so you can track it yourself in realtime.   BPT does this link thing all the time, which is awesome, because if you are "letting the market come to you", rather than just jumping into a trade because that makes you feel like you "are working/trading", IF you are doing it right, you need to be watching it in real time for your entry   AND more important, for your exit and stop.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&yr=20&mn=0&dy=0&id=p32830041839&a=237605573

Comets, Earthquakes, and Full Moons, see previous articles, all in play right now.   Sunspots too.