Tuesday, February 14, 2012

SPX Daily - Tuesday, Feb 14

@ 4 PM

What an interesting close!
Since the Dec 20 low, corrections have not lasted more than 3 days.
Today was the 3rd for this correction. Tomorrow could be telling.
A higher high looks likely.

@ 12 Noon

It's tough to read market's intentions....


  1. interesting for sure! I'm glad i pared down my short position into the weakness today -- anytime you are near a significant top - with euphoric sentiment still out there - doesn't take much to spark a rally (greek rumor again).

  2. the LD out of the ED is still alive! I realize it could easily be invalidated tomorrow -- but if it's not here is how it would pan out.