Wednesday, November 28, 2012

Market Update

Nah, I'm not biting. The move is too parabolic and there's too much damage. Parabolic moves generally end badly.

 There's too much damage in the DIA, it needs to be repaired on a pullback and the move above local resistance is to obvious a bait.

In yellow is the last little parabolic move, they don't last.

 The Q's even out to 60 min are flashing trouble ahead.

 The SPY and look how parabolic today's move is.

The TICK is at +250 to +650 on a new daily high?

Not biting.

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