Range Bound Prior to BreaKout or Breakdown!

Who's Turn is This!  It's My Time to Win.

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SPY 20 Day, Hourly - 1.10.11 - Long Term Trend is UP.  Short term we a caught in a Range or 2 or 3 Points.  The Chart Supports the Idea of a Breakout to the Upside.  At the same time, the Market has a way of disappointing the Expected.  We are all Looking at the Same Movie.

Consistent Perspectives on the Market

The Pig Cannot be Digested all at Once

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SPY 20 Day, 2 Hour - 1.7.11 - When the Market is Stagnant, it is Important to Look at the Longer Term Trend.  The Recent Gap Up requires a Period of Digestion.  You Cannot Swallow the Pig all at One Time.  The Trend is Sill UP!

Airborne!

Airspeed's Important.  Market Lift depends on Momentum!

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SPY 20 Day, Hourly - 1.6.2011 - Gap UP is holding above the 10 Day Moving Average.  The Longer Term Trend is UP.  It is hard to believe, given all economic problems, but the Market is the Market!  We have to Trade what we See; Not what we Think.

(Comments on this Blog are not to be taken as suggestions or recommendations.  Financial commitments in the market involve significant risk.  Consult your advisor of choice.  What is presented here is a journal of my personal observations and current thoughts.)  - PLB

HOT AIR vs. the REAL THING

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SPY - 1.5.11 - 10 Day, Hourly - Gap Up to Start the NEW YEAR!  Is this for REAL or Does the Market Come Back Down to Earth?

Fire Cracker Start to NEW YEAR

What goes Up Fast can come Down Fast!

Fibonacci at 50% Retracement

The Market is Trying to Fine its' Bearing on the NEW YEAR!  So far it is Undecided.

Back in Jail! Up in Smoke! "Fizzle, Fire, or Nothing?"

Smoke Can Be Fizzle, Fire, or Nothing!

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SPY - 10 Day, Hourly - 12.29.10 - There is a struggle to stay above the 20 Day Moving Average.  This could be Problematic as the market progresses.   The longer term trend is upward and cannot be ignored. There are some signs of Toppiness that require attention.  Proceed with caution!

The Bulls are in Control!

The Record Speaks for Itself

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SPY 10 Day, Hourly - 12.28.10 - Bullish Action Prevails with Price Action Above the 10, 20, 30, & 50 Day Moving Averages.  The Trend Continues to the Upside.  The Big Question is, "When do the Bulls run out of Bullets?"

Bullish Breakout from the Devil's Den

Bullish Breakout

SPY 10 Day, Hourly - 12.27.10 - Price Action now Above the 10 & 20 Day Moving Averages.  Market Poised to Move to Higher Ground.

NO, NO, in the Devil's Den!

God Giveth, and God Taketh Away!  Beware of the Devil's Den!

SPY 10 Day. Hourly - 12.24.10 - Price Action has fallen into the Devil's Den of Dispute Between the Bulls and Bears.  In this Area the Outcome is a Toss Up.

Leave It Up to Santa at Christmas Time!

This is Not the Season to Trade!

Bulls and Bears Having a Happy Holiday Season!

A Vert Merry Christmas to All