Tuesday, November 3, 2009

Breakout, Breakdown, Undecided!

There is a lot of uncertainty in the market at the moment. We are at a crossroads as to which way the market goes. Trying to maintain a neutral position really puts us in the middle. There are Bullish as well a Bearish indicators.
11.3.09 - Today began with a Bearish mode and quickly turned sideway to slightly bullish. ADs and UVol turned positive. It was a difficult day for directional trades.

2o Day, 2 Hour - Nov. 3 - Is this a breakdown or a potential breakout?
Ditto
1 Year, Weekly - Nov. 3 - Bullish Trend prevails.