Wednesday, September 30, 2009

Anticipated Hop Happened to the Downside!

We Bulls are not always what we look like. At time we wear different clothes & colors.
Today - Trade Page - Sep. 30 - Lots of Volatility in the market today. It was difficult to be on the right side of the trade. The "Trade Page" is made up of the ADs, UVol/DVol, SPY chart, CCI, & RSI. These are used together with a few other items to make trade decisions. Your questions are welcome.
5 Day, 15 min. - Sep. 30 - Dramatic drop out of a two day sideways action. The drop was quickly followed by a rally back to near the open. RSI, CCI were both helpful in managing the positions

1 Year, Weekly - Sep. 30 - Bullish Channel Trend. Action is very close to support and suggests a possible bounce on Thursday.