12 September 2010

12 SEP 2010, Sunday

  • Know what?  Summer is over but Da Boyz haven't come back yet.  Proof?....
  • No volume.  As a matter of fact, volume is at lows you typically see around Thanksgiving or Christmas times of the year.  Highly unusual...what is setting up?
  • Thinking we just saw a pump before a dump...but it is still very sideways and subject to head fakes in both directions.  
  • This market is trying to "throw" any and every rider.
  • You can check the charts in the sidebar for current action.
  • Think it's been bad recently?  Here's an interesting analog from bespoke.com that shows similar action from 1960....just for grins.  Gosh, I hope that doesn't play out...a couple of more months of yuck.  There is no road map...and this one shows even wider up and down swings than we've had to endure over the past 4 months.  And once all the riders have been shaken...the move happened.
  • Ms Market is doing her thing...frustrating the most people!
  • PS...Sunday night (11PM EST)...currently gapping upward over last week's resistance...but it's after hours and things can definitely change over night.  But, I will add that the market, recently, seems to be ruled by the goons with HFT computers while the rest of the country sleeps and waits for the scraps the next day.
  • It's tough out there...be careful!

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