A Turning Point?

LAST NOTE (MAYBE): Couldn’t help noticing all the registration notices floating past on TOS Live News just now.  For some reason, insiders don’t seem all that bullish on their own stocks… Lots of talk about the McClellan Oscillator (MCO) today.  For anyone interested, here are the relevant points: Note that we’re in good shape in … continue reading →

Intra-day: August 16, 2011

 UPDATE:  3:30 PM SPX trying to come back, but completing another bearish Gartley pattern intra-day.  Should reverse by 1198.   UPDATE:  11:50 AM SPX completing a little Gartley, in the process of backtesting the rising wedge.  Next move should be down. UPDATE:  11:15 AM SPX, gold, DX all seem to be completing small degree corrective … continue reading →

August 8, 2011

I know this market seems unbelievable, but be careful about calling the bottom unless some of the RSI charts are able to break their TLs.  Here’s the 5 minute chart: And, the 60 minute: Note every time the market tries to turn, the RSI is turned back by its trend line.  I, for one, won’t … continue reading →