Followers

Blog Archive

Disclaimer

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.

Thursday, September 2, 2010

patters of QE? tick oversold while market near day high.

beware of this pattern.
at this moment, while market making new high of the day, the $tick overbot condition burned off and become semi-oversold. could indicate higher price on tomorrow's monthly job data. bad data is QE stimulus, good data is good for economic, maybe anyway the big position holders want to interpret for the good of their position. bad is good, good still is good.
pre-market took profits on one account, shorted & closed position with tiny gain, according to plan but price is stronger. will hold for longer swing for another account & retirement account.