VACATION TIME

On a few weeks vacation.

One hour to go

Starting to rally off this oversold condition.

Afternoon observation

Oversold short term

Mid day observation

Fighting back, short term neutral

morning observation

Slightly oversold

Pre opening remarks

Early weakness as this pull back will lead to another oversold condition, but I do not think that it will be more than that.

one hour to go

Very overbought

mid day observation

still overbought

Morning observation

Overbought

Pre opening remarks

Early strength as the market recovers from another Mr. Treasure blunder. This will lead to another overbought condition and the market will pull back again. My indicator is neutral as it bounced off that oversold condition at 3 o clock.

One hour to go

They have a nasty feel to them, short term oversold.

mid day observation

Still overbought but act well

Morning observation

Back to overbought

Pre opening remarks

Some strength early on as I said yesterday that they are not ready to come down YET. Closed out with an oversold reading as the DOW closed down over 100 pts.

One hour to go

Nothing new has happened.

Afternoon observation

Not ready to come down yet. Back to overbought

Mid day observation

Neutral short term

Morning observation

Pulling back and there should be more of it.

Pre opening remarks

Some weakness in pre market. Even though the market made a higher high I am still looking for a pull back to the old lows. Do not trust a market move that is caused by a emotional reaction to news, and that is what happened yesterday.

One hour to go

Acting like they want to break out but because the action is based on news and short term and intermeidate term overbought, I will wait.

Afternoon observation

Very overbought short term

Mid day observation

Better reaction than I thought but still quite overbought.

Morning observation

Short term overbought.

Pre opening remarks

As I said , short term oversold and maybe a bounce which we are getting this morning. I still say the highs are in and if this emotional news does not change that I don't know what possibly could. A reaction to a plan from a guy who may not be around to implement it.

One hour to Go

Oversold and maybe a small bounce but as I said the high is in for this kick back rally and we will work lower.

Afternoon observation

This kick back rally is over. I believe the high for it is in and we are now going back down to test or make a new low.

Mid day observation

Getting heavier and heavier.

Morning observation

Sloppy at best, Indicator is neutral.

Pre opening remarks

Flat to slightly lower in pre market. Market is in a resistance area so a pull back is likely.

After the Bell

Although short term oversold I thought the market closed on s SOUR note. Need to be careful at theses levels , remember we are at a resistance area and the market could roll over at any time. Most big banks had a reversal day down. I don't think you should be buying.

One hour to go

Still oversold

afternoon observation

I have a short term oversold reading

Mid day observation

A small pull back short term neutral

Morning observation

Still pushing higher still very overbought.

Pre opening remarks

Early strength as investors have found some courage but still overbought.

After the Bell

This kick back rally pushed a bit further today as short term and intermeidiate term remain overbought.

One hour to go

Better than expected, but overbought up from neutral

Afternoon observation

Still neutral, but holding better than expected.

Mid day observation

We are neutral

Morning observation

Pulling back as the should. we are not close to being oversold.

Pre opening remarks

Early weakness as we closed pretty overbought short and intermediate term. The next thing is we have to get oversold.

After the bell

Pretty overbought but action was good. My guess is that we test yesterday's high,

One hour to go

Hanging tough but overbought

Afternoon observation

Short term overbought and intermediate term overbought.

Mid day observation

treding water.

Morning observation

Market can not gain any ground, The next thing that SHOULD happen is at least a test of the lows or worse. It may take a few days .

Pre opening remarks

A little strength in early trading, I don't see it as meaningful as yesterday's high will be a problem for the market and I expect the market to at least test it low if not make a new low. So let's see what we get.

After the bell

The day's high was 7392 close enough. Then the market ran into trouble as this area is Resistance. It closed on the low end of the day and I will call it a reversal day.Short term slightly oversold, but intermediate still very overbought.

C

sold 2.39

One hour to go

Slipping