Posting will be a bit light tonight as I just got into my WordPress account for the first time since yesterday. I bought a new Sony Vaio laptop yesterday evening as my old one was overheating often and I knew I’d be travelling for the rest of this week. When I came home late last night I discovered a problem with my broker as there was suspicious activity and I was locked out of my account. I may/may not have some malware and until I know exactly what is going on, I’m somewhat crippled to do much of anything. Trading was useless today for me as I really didn’t have my eyes (Strategydesk program from Ameritrade) to help me spot opportunities and monitor current positions and I felt totally displaced with a new computer.
As soon as I work through my current hardware issues my setup will be far better than before because I’m also replacing my desktop. It just takes time to get everything to where I want it to be able to trade, blog, etc and this potential bug in one of my old computers is making it difficult to get everything I want off of them. I wanted to do one computer at a time so the transition would be a little more seamless and less disruptive, but as we all know things don’t always go as planned.
I’ll try and do some market analysis but I can’t promise anything at this point. What I do know is that my indicators are still pointing down (some close to a buy) and this rally smells like a trick. I will know more when I runs some scans and look at individual charts but I see no technical reasons for this market to add to today’s advance. I just had a quick thought after I ended this post. One possibility is that we do go up and climb a wall of worry as everyone doubts the rally. That option as crazy as it sounds could occur.
And I also wanted to thank everyone who added a little personal something to the A-ha moment post. Your contributions make all the difference
