Monday, November 1, 2010

I'm Back

All the gory details later, just suffice it to say Murphy's Law was this morning's theme.

Since I couldn't update at all on the ship or even open my charting software, I have some catching up to do, but this is the current state of the averages, the gap up looks like it's being faded this a.m., here are the charts:




Basically negative divergences right off the open-(Selling the opening gap, not unusual to rip off the retail limit orders). Right now the QQQQ and the SPY show a possible positive divergence forming, although it's to early to say until they make a move down or up.

I'll look over the charts and keep sending updates.

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