The Before and After Of Today’s Trading Action

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February 25, 2010

Many charts did this and is why the market is teetering for me on being a long or short trade. POT, AAPL, GLD, etc.

It is also why I’ve been trying to game the move ahead of time, but because of the volatility its been a losing game. However, any way you slice it today’s action was bullish. The market needs to hold it though.

We could wake up again tomorrow with the same red morning, but the charts are up until they are not.

-If I don’t see a large down close tomorrow, I’m getting long. A small down move that doesn’t change my signals I’m long.
-If we go bonkers to the upside tomorrow, I’ll reluctantly take a long.
-If we are slightly down and my signals stay green, I’ll go heavy long.


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