Saturday, July 17, 2010


Why I don't think this is a Head and shoulders (sample) so we should rally out of Tuesday.

Friday, July 16, 2010



Went to a CIT buy on Wed close 7-14  but many indicators say we are overbought.
Just to fast for a trending market, risk little till after Monday 19th to see if we spike higher  ( spx 1116)  or so and then plunge.    Pure speculation at this time.

Sunday, July 11, 2010


 Cricital Area
Short term (days) buy was on 7-9 crossing 1070
Med   term (wks)  sell
Long term  (mth)  sell

Have moved to ST buy but aggressive could be whippy.
We have moved to OB very fast, still looking for $vix lower than 30 before a serious decline.Not a trending market making it hard to track. We have been in an extreme trading range.