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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, September 3, 2010

It's delayed

the 4th chart posted on Sep 1 for action in Sep 2.
action delayed one day.

http://2.bp.blogspot.com/_Qe2EUehGkjM/TH8Bxh5SVBI/AAAAAAAAArI/Swl_jhHXs1o/s1600/spy+60m+mirror+Aug+11+and+Sep+1+breakaway+gap.JPG

there probably would be an atemp to close this morning gap, probably would fall short of it.
60+ straight up spx point in a little over 3 days w/o any correction. what's that? only the QE comparison chart could explain it. plus the cycle just turned, won't finish so soon.
my extended hr entered trading shorts will feel some pain, but i guess won't be serious after all.