Friday, January 6, 2012

3 Battle Days in a Row, Can't Find Support, Can't Break Resistance

My partial X-ray into the market (milli-Sievert levels approved by FDA)

3 battle days on cumulative volume, very odd.

Will close out calls, and be ready to buy futures long on a breakout, but the downside risk seems large at this time.

Thursday, January 5, 2012

Thurs Musing

Risk On / Risk Off  -- at a tipping point, AAII (from a poster at BPT says 17% bears, wow, spooky to be long)

Euro, I finally drew this new channel, I like it--Pinned between an Hard Boiled Egg and a Bernoulli 100

Tuesday, January 3, 2012

2012 Back in the Saddle

Zstock send in this link to MSNBC live web feed.    Hell, I don't even own a TV but who knows....maybe understanding the pimping they do for financial market could be useful as a contrarian indicator.

Feels good to be charting again, the general trend is up into seasonally strong January, however the prospect of some good size shenanighans is very present.    Maybe we tank down tomorrow, so that ES goes for a backtest against the massive INVERSE HEAD AND SHOULDERS that only I see, LOL.

And then rocket launch up.  
But into to get "big" long I need to see NZD/JPY breakout of the Bernoulli 177 channel.  See Chart.

Monday, January 2, 2012

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