Friday, March 20, 2009



"You've Had Your Day.  Get Outta Here"


2D, 15m. - Mar. 20th. - The Windsock and Bull Potato Broke Down.  A New Bear Potato is in Charge.  Double Tops indicated Reversal Points in which a short trade could be taken.  These show up best on the 15m. charts and can often be seen clearly on the 10m. chart.  It is more difficult on the 5m. charts as there is too much business.


5D, 30m. - Mar. 20th. - There was a Double Breakdown of the Windsock and Bull Potato.  These area are highlighted as Gold Spots.  The action today indicates a significant Change of Direction (COD) and the creation of a new Bear Potato.  Potatoes tend to last from 3 - 7 Days.  Expect continued move to the downside next week based on Potato Theory.
10D, Hourly - Mar. 20th. - The Hourly Chart confirms the break down of the Bull Potato and creation of a new Bear Potato .  The support of the Windsock Channel as well as violation of all Moving Averages signals a new Bear Potato.
3M. Daily - Mar. 20th. - The General Trend Line (top line) is Bearish.  The Zig Zag Down, Up, Down is a typical decline, snap back, then resumption of the move downward.  The next significant point of support will be the last Hourly Low of 8 days ago.