Wow… when I said I expected a bounce, I didn’t think it would all happen in one day!  That was a pretty big move, but it happened on light volume.  Again, under 200 million shares traded (spy) equals an up market.  Looks like we might be on our way to about 107.30 to . . . → Read More: Just a little more…

I’m expecting a bounce now for a few days… maybe into Monday?  We hit the target of 1040-1050 area as I expected.  Since there is a lot of support here, and the auction tomorrow and Friday, I expect the dollar to fall for a few days.  The market should rally up to 1070-1080 . . . → Read More: Time to Bounce…

Today was a flat consolidation day as expected.  I’m still looking for the 1040-1050 area to be hit before any decent bounce back up.  That area has multiple supports from horizontal and 2 upward sloping trend lines.  And the moving average is also in that area too.

That means that a bounce . . . → Read More: Almost ready for a bounce…

Well, it looks like the bulls finally got “bitch slapped”… It’s about time!  Over 242 millions shares traded on the spy today… and that means a “Down Day”.  As I said in my weekend post, I was looking for 1090 to be hit before any more selling.  It hit it, and dropped like . . . → Read More: That’s What I Call a Good “Bitch Slap”…