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Friday, May 29, 2009

ENOUGH WITH THESE TAILS, IT'S ON

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11:26pm, spy daily

though i don't like monday for a breakout holding through the close. +dmi took a hard left today, which in the context of this rally usually means, a little more north intraday next session, then regroup. another factor is that once again those valuable overhead stops are now gone thanks to a premature driveby on the sp futures








9:37am sunday
gld daily


imo, this last rally looks more like rational hedging as there's been a decided lack of gaps and volume spikes. watching, a %R of -50 would be tempting

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