A Tale of Two Charts

The Bull.

15 Minute Mini DOW Chart

The Bear.

Daily Mini DOW Chart

Unless the DOW is going to zero it has to stop going down sometime.

Maybe this is that time?

Or not.

The Best Fight Ever

Have not posted a daily YM chart in a while, now I know why. It's just a tad depressing. Big up move today and we didn't even get back to the November lows. The equity markets are now down 50% from their highs. The last time that happened was 1931.

Like I said, depressing.

It will be quite a fight to get this thing turned around. Maybe we need Marvin Hagler to run the Fed instead of Ben Bernanke.




Daily DOW Futures Chart (click on chart to view)

Daily DOW Futures

Hmmmm.
In the spirit of Christmas I feel I should have something positive to say, yes positive, hmmm, ah, er, it didn't break yesterday's low?

THAT'S IT!!

So I'm sure we're fine, no worries.

Didn't stare at charts all day, but when I did there were no signals and no trades. When I didn't there were no signals and no trades.

Something positive to say again..... twice in one post.... hmmmm, I earned IB interest?

THAT'S IT!!