Wednesday, September 16, 2009

Not much to say

All counts stand, run up was expected (September 17th is completion of multiple TDSetup Sells), the ideal for bear case scenario for tomorrow would be higher open and down from there (all Setups have been perfected today, so at least, we don’t have to worry about perfecting those levels few days in the future) – bearish engulfing would be something to dream of.  Even if market continue to go higher into Friday, all counts will stand, plus TD Risk Levels (Stops for setups) will be set for dailies and weeklies.  Next week will be VERY TELLING.  We will find out if massive money printing/fact twisting can be “bigger than the market”

Dollar/UUP level to watch - $22 – that is w3 down target, but I doubt it will go lower than 22.20 – if it does it will effectively cancel UP wave sequence in progress.

Chat of the day – and it is not now…