Oct. 11, 2005: Blah la....!

Wow! I just remembered that I do have a blog! Gee... what's the matter with me! Living overseas is definitely quite an experience and boredom is starting to creep in... what should I do?? well one of things is to post here! I do miss all of it though. My gurl has been emailing me and Dave sent me one too.... How are you kids out there??? Write me tons, ok??? It's funny how each word ends with 'la'... how are you la? are you ok la? ok la... see you la.... la la la...

After close analysis:

The market hasn't been kind lately and the downside looks like the way to go for the time being. Nice patterns with couple of nice trade setups... OHHHH I like that 10min chart on AB with 5oSMA/day session (or very late night session depending on where you live...oops!). Ok so what now? Well, me thinks tomorrow should present trades on the long side. So any morrning dip should be watched. No long trades should be taken on AB unless it's trading above its 50SMA. I'll have to post some tarts soon or everyone will think I'm seeing dead people... This 10min thingy works!

Market breadth negative, but there's div. (not osci div. 4 sure!!) between price and VOLD. VOLD make a lower hi while price across several futures made a lower low or matched yesterday's. Something to keep an eye on for tomorrow.

Futures traded below their 30min. emas for the day but diverged with VOLD so keep an eye on them tomorrow.

Indices did a little better since the Dowg held pretty well which is another sign of pause hold and maybe some upside retracement.

Overall neutral day!