Tuesday, September 12, 2006

Tuesday Wrap

Nice ride today. I had AMR and made a serious amount of money from it. But just about anything except oil and metals was good today. I like days that require no skill just courage.

Tomorrow is shaping up to be a bit of a down day. The up/down ratio sits at 65% and there are 1194 new 20 day highs to 326 new 20 day lows. The VIX is in fear territory again and the sisters closed with red candles. If it doesn't go down I wouldn't be surprised if it went sideways.

The magic coin is 4 and 1 having called for a bull market today. For tomorrow ... tails - bear market.

We'll see. I'll have another installment of the 2-hour charts later or tomorrow morning.

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