ha ha, no problem write another cheque print a bit more cash ! I was expecting to see the ES down at 1650 levels having a flirt with the rising trend from June & Aug lows in the dialy, but perhaps that would be a bit too much too soon. possible last 2 days is some form of bear flag, though yesterdays hammer action completely threw me and I didnt expect that. The TRAN very neatly bust out of its down trend and now looks to be flaging to the upside. I guess I’ll just flip a coin or better still…do nothing 🙂
The hammer action of yesterday is not accompoanied with massive volume (on my charts) which makes me question it’s authenticity….but since when have the markets been authentic of late, lol 