Monday, November 28, 2011

Princess of China


My ultimate idols, Coldplay, wrote me a song! Oh you, use your chart as a weapon, and it Hurts Like Heaven!

Plus, China stepped in and saved the world - for now... Together with record Black Friday sales, the bears started heading for the hills as the bulls seized the fort and served them with an opening gap that must have sent the bears into a fitful hallucinogenic state that is at once painful and disgraceful.

Nasdaq 2593.32, or the annual 50% Fib level, is still 65.98 points away and if things get really crazy, the bulls can easily achieve this within just one session. The previous time we broke and closed above this, the battle got fierce! But the previous time, we also let the bears get away with a few days of chop, so they didn't have to lose their shirts. This time, we zapped them with an opening gap...

Will the move up to Nasdaq 2593.32 coincide with Brent Crude pushing past $109.50? That's been a significant source of resistance and if we break through this, WNR may still have a rebound opportunity.

+3.04% SBA
+2.41% Roth IRA

+2.59% DJIA
+3.52% Nasdaq
+2.92% S&P

+2.87% FTSE
+3.63% Eurofirst
+1.56% Nikkei (Go, go Japanese Housewives!)

+1.18% WTI Crude
+2.01% Brent Crude

+1.91% Gold
+1.98% Corn


I'm going to have to look at some more charts tonight... Due to a lack of discipline, my trading legs were wide open, leaving me with too many losses and barely enough capital to fight back. There's just enough, but I really need to deploy it well and at the right time or my troops will be eating soup for some time.

P.S. CENX +8.11%

P.P.S. VIX -6.79%

P.P.P.S. SENSEX +3.01%



No comments: