21 FEB 2010, Sunday

1. Uncertain what to expect since; 1) we recently broke swing low pivots, 2) daily closes were below the 90DMA (green) ....both indicating down but then 3) price closed back above the 90DMA and 4) broke upward of the early FEB swing high pivot...one indicates up while the other merely shows side.  The confusion is a big clue which indicates sideways, too.
2. Sooo...we went from up, to down and now to sideways.  Speaking strictly with regard to market structure...To turn back up, market needs to make higher swing highs and higher swing lows.  To turn back down we need to punch some new swing lows.
3. Problem is we are right in the middle of a 10% price range between those highs and lows.
4. When it gets like this, I either sit aside and wait for more information or just day trade.  So, I'll day trade as necessary.
5. Point is...I'm going to do everything I can to avoid getting dragged to the wrong side of the trade which is exactly what "Da Boyz" want to do so they can spring their trap...but which side?  I'm still leaning toward down but have to be open minded too!
6. One day at a time.