Monday, September 9, 2013

Still Confused?

Trading is a game of deception. Do not be fooled by these mini moves before a bigger leg down comes. Market likes to shake the players out at key reversal levels. One is coming up here. Be ready, be strong, be smart!

click on chart to enlarge

1 comment:

  1. Hmm, I wish I had your confidence right now.

    Todays move was pretty strong, but worse of all, it turned the weekly charts outright bullish, AND you have the nasdaq as new highs.

    Problem for the bears, just 'why' would the market fall from here? There is no real news this week. The Syria situation appears semi-resolved, and the dip-buyers are back again.

    Any daily close in the 1690s...and its time to wave the white flag.