November 14, 2005: Cnsld

The market was almost on hold today with the exception of ER which floated a little lower... all other indices just consolidated at the highs of last week... this means cotinuation but I'm more of inclined to get a pullback here, especially that the COMPQ is @2200 which is a critical resistance level....








Today was very choppy although the charts point downward... all setups on ER didn't make their targets and were stopped out... the only ones that worked out were the reversal-bar setups.... notice first trade the stop was at the ema and not at the hi of the cnsld per the rules....