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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.

Wednesday, October 12, 2011

pre-market update & some real time updates from yesterday

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yesterday was a positive volume consolidation day.
i am looking for a market rally day today as volume is ready for a bullish cross as updated yesterday. and the rally should not be too small as yesterday's resistances are ready to be taken out to the upside.

from yesterday:
"volume indicator is setting up a bullish cross from the low level, maybe tomorrow.
$spx whipsawing around the flat line (400 bar) is a way to relieve the overbought (green bars) status of volume, and set the next stage of potential rally."

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