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.

Thursday, February 9, 2012

SPX, FXE (euro), APPL, USO (crude)

The price action of the market is looking very scary if you are a bull. While there is still more upside room before a reversal, it's looking like the reversal will be fast. Bulls should NOT be at all complacent because their lunch money is at stake
The market goes UP like an escalator but DOWN like an elevator. Do not get caught being on the escalator instead of in an elevator. It will be painful.

GLD(gold) and SLV(silver) failed to reach their entry points again.

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

FXE (euro)- DAILY

AAPL-DAILY

USO (crude)-DAILY
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