Saturday, October 24, 2009

Notes for Monday, Oct 26, 2009


Read Full Post.....

It's always good to know about sentiment even when daytrading. BPCOMPQ has already indicated a top. Also, we are 32 weeks into this run-up, which is where the 1938 bear market rally topped out. After a couple weeks of low volatility, Volatility has increased this past week which could be indicative of a topping process. Selling resistance is starting to work again. However, a top won't be known unless ES closes below 1070. My guess is that Monday will be a "digestion" day.

No comments: