Friday, November 9, 2012

Friday morning


The markets could do almost anything today.  There's no clear pattern, no clear support, no clear resistance.

Some possible scenarios include :

Dip-and-rip
Gap-and-go
Gap-and-crap
Flop-and-chop
Puke-and-puke-some-more

Give things time to settle down.  Be very selective.  Use smaller size and bigger stops.  Or just sit back and watch the purty colors.

Above all, protect your capital.  That is job number 1.

Thursday, November 8, 2012

SPX Daily/Weekly

SPX Daily
SPX Weekly

Thursday Afternoon - Perimeg, this is for you.

If you want a bigger pic click on it.  If you want a bigger finger ...
The market is flopping around and now looks like 1400 is in the rear view mirror.  My cat is also comfy with his DJIA 12000 hat.  Don't force trades here.  Sometimes it's best to stand aside.