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

Addendum - Long Term View

Historical Highs and Lows can be Important Points of Support and Resistance.  In this case it is Resistance.  Be Aware.

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SPY 5 Year Chart.  The Current Market is at a Signifiant Point of Resistance based on prior Points of Market Collapse.  it wll prove interesting to see how we navigate these shoals. 

Bulls & Bears Box It Out

5 Days of Punch and Jab

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SPY 10 Day, Hourly - 12.18.10 - Narrow Trading Range of 124.00 to 125.25 offered little movement for straight up intraday trading.  MACD and OnBalanceVolume charts show declining trend lines.  The Market is begging for a Breakout to "Show Its' Hand.

IFR Calls for "Indicator Discipline."

Complex Situations Call for Careful Analysis

SPY 10 Day, Hourly - 12.16.10 - Narrow Range between 124.00 & 125.20.  High/Low is designated on the Chart.  This Market could go Either Way.

The Pot is Hot - Don't Get Burned!

"Devil's Den" Rules Apply

SPY 10 Day, Hourly - 12.15.10 - Price Action is Between the 20 & 50 Day Moving Averages.  This is a recognized contentious zone.  Trading in this "Devil's Den" is only for the gambler and high risk speculator.  Indicators flip flop in an instance and clear trends and directions are hard to determine with reasonable outcome probabilities.  This has been the Potato Trader position for the last several sessions.  There is no reason the change at this point.  The safest position right now is to be a spectator.