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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.

Tuesday, December 7, 2010

what do they mean?

there are many important technicals in these two charts telling the market paths.
want to try?
in fact, for the last 16 months, $spx is in a trading range with a little protude noises on up & down sides. not those super bulls, neither those super bears presented.
there will be big up and down swings, never one way straight. join humblestudent for your profits both swings.
swing trades both up and down is my objective, not day trades.

after today's upside target and structure, then the downside reversal. i am confident and have a good "feeling" about the proceeding path. there will be plunges and upswing shoots. imho, this is a traders' market. buy and hold, or short and hold for long term, both will be much much under-perform if not zero or negative.

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thank you.