Friday, January 29, 2010

Fiday.. noon market dumping

well the bulls cant do shit! Its all about the fear of the PIIGS. bNas is getting hammered the worst. dow is only down 21 but the compx was down over 30. bouncing back now a bit. actually the spx RL at 1077.41 was hit and held. if the spy breaks 107.47 then next stop on spx is 1065. I'm concerned about the 45 day cycle low should be today or next week. I am opening a new account on marketguru.com under the name georgebailey . A fresh start where I will include my trades based on my new methods using daily charts, trix, linear regression curves, IFT, and MACDBB3. Right now I have 9 ETFs based on this method and they are up over 13% since 1/20. At any rate, now trades and cum performance can be gotten at market gurus. I will put up the link later. 12:13 and market making new lows, SPY stopped off meaning next stop for spx is 1065.

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