Friday, November 12, 2010

Busy times...

...Sorry for the lack of attention here. I've been busy working on an automated program, my regular job, and helping to manage these 8 kids!

But, I've still been watching the charts, and here is what I have:

- Bears need a weekly reversal: soon! This comes in at a move to 1165.
- Volatility continues to bottom, which is bad for the bulls.
- A reversal of the USD in the face of QE2 would kill this market
- Key levels were breached overnight - I expect a retest of those levels today
- A test of those levels would breach my 1202 line in the sand showing this wave structure to be completed.

Take it easy and enjoy the weekend!
blog comments powered by Disqus