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Wednesday, September 30, 2009

Mid day update!!

We got our large move this morning!!!

The Bullish options took a major hit today with this sell-off, the DOW and TRAN both have made lower lows, and the SPX is in risk of wave 4 entering wave 1. I am leaning towards the possibility that we are in P3 now, but will remain skeptical until I see some more signs that P3 is underway, like increasing sell volume, some major trendbreaks and confirmation on the MACD.

1 comment:

  1. Nice work Columbia, we had fun today, the lounge was productive, see you tomorrow!