Posted by 30 November 2006

November 30th Recep: Beware the Falling Three Methods

This was another day that felt manipulated “propped-up” to me. $TICK was hitting extremely high levels (it hit 1440, 1500 and 1477 today) again today all to just keep the market at unchanged. Maybe now that the month-end (and year-end for many funds) games are over the market can go where it’s truly headed. It [...]

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Posted by 30 November 2006

Watchlist for November 30, 2006

We were set for a small gap up this morning but that move higher has already been faded. SPY is now down 1 cent and QQQQ is flat. So much for making it three days in a row fading QQQQ. Note to self: I’ve *only* traded 30,800 shares this month. I need 9,200 more today [...]

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Posted by 29 November 2006

November 29, 2006 Stock Market Recap

What a strange day this was. There was something for everybody today if you looked hard enough. The internals were very strong today — the NYSE A/D line was about 4 to 1 most of the day and $TICK seemed like it stayed over 1,000: The programs were working in full force today. Makes me [...]

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Posted by 29 November 2006

Watchlist for November 29, 2006

The bulls are back and emboldened this morning by the revised GDP numbers. The indices are gapping up and if the gap hold were it is now or gets bigger I’ll do another gap fade on QQQQ. Note that the Beige Book comes out at 2 PM… On Today’s Calendar: 10:00 — New Home Sales [...]

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Posted by 28 November 2006

November 28 Recap: Stabilizing

The indices ended the day in the green but I consider today to be a stalemate. Volume was about the same as yesterday so given the narrow range today that tells me there was a lot of churn today. I see a lot of candlesticks that appear to be bullish hammers or harami but they’re [...]

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