Thread: coolhand's Account Talk

This chart is still tracking the S&P very closely.

http://www.timingpointprojector.com/

Originally Posted by CrabClaw

Glad Im on the pad right now...

+1!

http://www.bloomberg.com/apps/news?p...d=a04ZZ.qaUyEo

http://online.wsj.com/article/SB1000...989162030.html

http://www.rasmussenreports.com/publ...ance_of_issues

Ah yes, BIG gap down this morning. If we can avoid seeing rising bullishness in the face of bearish data (which would drive the market lower) then we may see some bottoming action today.

Originally Posted by coolhand

Ah yes, BIG gap down this morning.

And getting steeper.

http://www.briefing.com/GeneralConte...2085220PageOne

It is looking as though bearish levels are contained and not as bearish as one might think given we are short term oversold and getting a large dose of poor fundamental data. That elevates risk for the bulls and tempers my short term outlook for a move higher soon. The case for more downside action is building.

No way I'd front-run the SS right now.

http://stocktiming.com/Friday-DailyMarketUpdate.htm

Originally Posted by coolhand

http://stocktiming.com/Friday-DailyMarketUpdate.htm

Exactly ! Good Post Coolhand.

Originally Posted by poolman

Exactly ! Good Post Coolhand.

The dollar is definitely making a bid to turn its trend up too. The market's rally off the March low is under pressure for sure. Next week's action may be pivotal for the long term trend.