Look at the sharp drop in the BPSPX:CPC. This is the first time it has cracked the 20ma since mid October. A few more days below and we will confirm a turn in the 20ma and a new downtrend.
11/14/10 Update
Look at the sharp drop in the BPSPX:CPC. This is the first time it has cracked the 20ma since mid October. A few more days below and we will confirm a turn in the 20ma and a new downtrend.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.