Friday, June 29, 2007

Did you survive ?

I hope you survived this harsh volatile environment.
Finally the market recovered and bears suffered in the last 2 days. However when looking into SPX and NDX charts , there appears a not alike bullish candle - inverted hammer which hint that there could be another wave down before we continue to advance. Look at the chart below of S&P500 with my best guess.
I remain bullish overall though I hedged myself a bit.


Tuesday, June 26, 2007

RISKY BUT

As the market continue to act volatile and angry , it shows a sign of bullish.
Look at bullish divergence here at SP500. so i would take long but it ain't conservative alert , so pay attention in this wild environment.

Thursday, June 21, 2007

Taking Profit

We waited and the down move came just in time to collect more than 20 points e-mini S&P to our pocket. In the meanwhile the market can bounce here but no conservative buy signal yet.