20 October 2010

19 OCT 2010, Tuesday

  • Huh?  What?  A down day?  Someone call the FED!
  • The purple and green trend channels having an influence here?
  • RSI and MACD rolling over.  NYSI rolling over as well.  Might be some downside or corrective ahead.  Tops, in the past have taken a few days.
  • Still just trading...Wednesday and Friday are more POMO days (Tuesday wasn't and went down...dey need the crack hit) and they still do have an effect so I've got to respect that.  
  • Lately, banks have been getting hit hard.  Probably due to the massive mortgage mess which is going to take time to sort out.
    • But, alas, not to worry because we all know how the game is played...

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