Get Ready to Take Action

This was supposed to be last nights post but I couldn’t get into wordpress for some reason, and it’s a shame because it would have made me look like a technical genius…lol. By my calculations on the chart below I was giving the Dow about 44 points of upside today before it reversed. That would have matched the total point advance of the previous June rally.

Yesterday’s Upside volume was 91%, so that is a good accumulation sign. I’ll go into more details about what my system is telling me after the close, as it’s at a critical junction now. I actually shorted F, ANF, and QCOM near the close yesterday because I expect a market drop soon, but my system may be telling me the opposite and I’m not going to trade against my system.