Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Monday, November 21, 2011

SPX ......(Bulls in trouble)

What Supercommittee?!?!?!
It will be naive to be surprise that NO DEAL was reached by the not-so-Supercommittee. I don't think there will be a "WE HAVE A DEAL!" at the last minute of the last hour of the last day of the dateline this time around. What a joke. The biggest terrorist in USA is Congress. If you think Congress has the best interest of the American people, then you are JOKING. The only loyalty is to their party and getting someone to be president regardless of what happens to the country. The same crap will always happen regardless of who is voted in. The problem is not the individuals but the messed up system that allows for no independent thinkers but herd thinking. (Just my opinion. Whether you agree or disagree is not important. I don't even know what I'm talking about. So just go to the charts).

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME