Wednesday, December 29, 2010

Morning Post

On vacation all this week so minimized posting. Sorry. Still keeping the Dark Side up as much as possible with intraday charts and calls. Link is on the right.

Dollar and SPX - Corelation is dead. The PPT POMO team are winning.

Weekly SPX - I don't think it gets to the upper diagonal at this time. It is in my target box that some struggled to believe possible. I have 1283 as my target. Looking for one last corrective then the top gets set. Daily chart divergences are nasty and the 60m looks pretty bad. I finally started putting on some shorts yesterday (SDS and TZA for this ST corrective I am expecting). 
This is where I am in Crested Butte,.CO
GL and Happy New Year!