Turkey Cookie

Market TAO Wed 11-25-09

Cup and Handle with an inverted Head and Shoulders

Who's Got the Tab?......You!

Market TAO Monday 11-23-09

Lunar Cycles are 21 days the next phase will be on Dec 3rd....

Spx is beginning to show signs of topping.

Thanksgiving Holidays are usually bullish so be careful of reversal behavior.


My SPY plan today is to buy the gap and run up to 111.20 then reverse position to sell down to 109.00 or lower

Patiently Waiting for The Feast

Market TAO Friday 11-20-09

Market action today .....My best Guess.....

price will most likely retrace 38 to 50 % of yesterday and pin to the weekly Pivot into the close.....Spx 1090 to 94

my Spy plan today is to sell the rally up to 110.24 and exit at or below 109.14

I f ..it doesn't happen by European close, then I'm done for the week...

I was Early today...... The Same SPY Plan For Monday...... have a good weekend

Tues Wrap Triangle

Odds are we go higher out of this Triangle ....watch out for the false break outs..

Push for The Fib 50

The final assault!
Push for the fib 50 is underway....

Spx 1120-50 long term trend zone is the target this week. This will give us a spike shooting star candle

I must say this will be swift so don't fall in love with any direction.....take profit quickly.

I f the price holds and we get a open and close day above 1121 next week then the market moves higher....

or

price touch the fib 50 and reverses back to lower fib fan line.......notice how price has responded to the fib fan lines..

My Spy plan today is to buy down to spy 110.85 the opening gap and ride the run up until it stops going up 111.70 up to 113.85... .