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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.

Thursday, March 31, 2011

short term

market moving in a small trading range ($spx 4.7 points) in the last day of the quarter.
all major indexes feature parallel trend channel with bearish rising wedge, mirror image to the Jan ~ Feb green wedge. once the wedge breaks down, selling could accelerate toward the low end of the parallel trend channel.

above are short term picture, the main critical big picture and focus is ...