Friday, January 23, 2009

YESTERDAY'S ACTION

I just woke up to find the futures in the red like whoa. I'm not sure if the bulls can take this stress. Are you one of the a-hole dip buyers buying in a downtrend? I am ready to do some serious damage today while you go around selling your shit.

Key levels: 812 --> 805 --> 800, 838 (resistance)

Also note triangle in 5, 10 day charts. It will break immediately at the open.

Have a nice day.


Don't forget to try the Free Trend Analysis. It's FREE, so give it a shot!

2 comments:

Chris said...

Hey John,

Came over here after reading some of your stuff on ibankcoin. Really excellent stuff and thanks for being so open with your insights and knowledge. I will definitely be a regular from now on.

Anonymous said...

I am a a-hole dip buyer since Tues (Obama inaug). Its tough but my advisor tells me that in 10 years, I will be 35 and retire and you will be one of those "successful" trader selling "How to be a successful day trader" DVD! lol...