Thursday, February 12, 2009

I Fooled Ya, Did'nt I?  When you least expect the Bull came Roaring Back!  But ...???
2D, 5m. - Feb. 12 - Lots of volatility which has become commonplace in the market.  Very unpredictable pattern of behavior today.  Multiple plays to upside and downside if your nerves could stand it.  Three "JA" plays possible.  Totally 'out of the blue' Sneak Attack in the last hour of trading that took the day back to the close of yesterday.
5D, 30m. - Feb. 12 - End of the day rally threatens the current Bear Potato.  This must be confirmed on the Hourly before it is "Official."  The current 30 minute Bear Potato could have been shorted at $86.50 and the 60 minute at $85.00.  An easy 3+ points could have been gained on both trades.
10D, 60m. - Feb 12 - The Bear Potato prevails as long as the 10-30 MA Crossover is not confirmed on the Hourly chart.  Jump the Gun trades have proven risky in the past.  This Hourly Bear Potato could have been shorted at $85.00 on the 10th. and an easy 3+ point gain could have been gained.
3M, Daily - Feb. 12 - Longer term the Bear Potato is still in force (Gold Spot).