26th - 30th sept, page-4

nyse number of stocks above their 50 m/a's is a mere 27% v 40%+ a few days ago so there is a lot of wood to chop to get higher and breadth remains weak so direction is good, health poor.......if i was a uber bear i'd say we seeing a good set-up for better short positions.......but games played the way games get played i wouldnt be too quick to become the fingers underneath the guillotine blade......sticking to basics is the key to surviving, when in doubt.......

i dont think pre-market futures will give too much away, afterall, why should they.....any strong sell on news release (excuse to sell/appear to sell) that is recovered, prior to market hours, will be a good sign that buyers are awaiting easy/scared money and while that doesnt guarantee an uptrend that action speaks volume of what is not happening: selling by the major instos is over, for now......

i think we'll get a clear signal when the TLT begins a genuine retracement as an inversion of investment to the SPX and the TLT has already made a strong monthly new high so odds are pretty good we'll see a minimum retracement

this chart shows the basics and without volume measures this was a real challenge to enter.....note one series of what looks like impuslive buying, however, the time of day for this action is usually at the start not an hour into the session when the pros are already gone, but, anyway, opportunity presents etc.....

be nice to get a few opines in here......