Thursday, July 22, 2010

COD.. change of direction

Very strange setup but the market now appears to be headed north.  Very confusing and cost me money.  Used housing inventory up to 8.9 months now, and with shadow housing added in its probably 2 years of inventory.  But.. the market rockets up.  WTF??

Market Gurus is dead and closed.  just a blog now, so I am setting up a new virtual account at wallstreetsurvivor.com under georgebailey.  I think i will simply trade my new 60 minute LRC patterns, to see how they fair in real time.  Right now I have to wait for an entry point, too overbought right here to jump in, although I have said that before only to see the market just keep on going.

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