Thursday, April 9, 2009

"Upside Explosion after Two Days of Loading Up."

"The Bull Roars Ahead on Wall Street" 
2D, 10m. - Apr. 9 - A large Gap Up was followed by a narrow range advance.  This continues a 20 Day trend to the upside.  In Potato Trading the idea is to stay on the outer skin of the Potato while avoiding the Devil's Den (within the potato's body).  The Devil's Den is the "battleground" between Bulls and Bears and is noted for volatility and reversals.
10D, 30m. - Apr. 9 - The last ten or so days have been difficult to trade due to inconsistent market movements.  There has been a lot of "porpoise" like activity with frequent ups and downs among the potatoes.  The overall trend has been up but there have been multiple retreats and advances.
3M. Daily - Apr. 9 - Longer term the trend has been and continues Bullish.  All action is above the 10D MA.  MACD is Black.