Wednesday, March 25, 2009

"Knock Down, Drag Out -  Who's on Top?"
2D, 15m. - Mar. 25th. - Volatile Day with significant "Double Tops" and "Double Bottoms" that have been recognized frequently as "Reversal Points" in market movement.  Also note the "Lower High" or "Failed New High" at 11 AM.  These are important signals that call for action to either Buy or Sell depending on position.  They should not be ignored.
10D, Hourly - Mar. 25th. - The Bull hangs on after a turbulent day in the market.  An incredible amount of political/economics colors the market activity.  It is more that just business as usual.
20D, 2 Hour - Mar. 25th. - Longer term the 10/30 Moving Averages have been invaded suggesting the possibility of a Bull Potato demise.  This remains to be seen.  In the past Bull and Bear Potatoes have generally sustained themselves without intermittent injury.  More recently we have seen threats and trauma inflicted but at the same time an ability to recover and move forward.  This does present some newer considerations as to Potato health.  Perhaps we need a "Potato Doctor."

Ups & Downs of Bull Riding

"Bull Markets are Not a Walk in the Park"
20D, 2 Hour - Mar. 24th. - Bull Potato Day 10.  Gold Spot highlights the turbulence within the last few days.  Political actions by the Federal Reserve and U.S. Treasury have been the major contributors.