Tuesday, October 27, 2009

Tuesday Limbo

Unless you're trading momentum stocks today, we seem to be stuck on stupid for now, as we once again bounced off of lower support/pivots but we're either basing to go up or down, take your pick. IBM's buyback announcement, as well as strength in XOM, CVX, COP seem to keep the Dow from falling into the abyss.. so far. I did note that IWM managed to keep the original channel line today, but I'm moving the furniture around on the SPY chart.

Thanks to all for charts, counts and the kitchen sink while we try to extract our profits from the beast. ~Keirsten

P.S. For the Beetlejuice reference from our faithful leader, you might as well have this song stuck in your head like I do now too. :-)

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