LOOKING AHEAD BY REVIEWING THE PAST

Small chat today, just the pic of the day and a review of past post.  Some things ring true over and over.

SOME THOUGHTS FROM THE PAST

BOTS WITH BUY - SELL TRACKER

Few words tonight, letting the charts do the talking.  Skipping the subscriber release tonight to focus on the importance of the BOTs, and a secondary tool being developed: the Buyer-Seller Tracker.

 If a new leg up develops, go for the 5/10 variety as we could see some profit selling.  Some of the ranges get people back in the "black" and they are likely to get some cash/ flip holdings.

WEEK OF 10/10/2011

There are no fundamental changes to suggest the bull can continue.  Greece is and will remain a problem, but who does not have financial skeletons?  The Euro will remain.  Europe without the Euro has proven to be a bigger fear than the financial issues with the Euro.  But markets are always looking at the future.  Not what is happening today.

The bull ES has 3 targets that need to be tested.  Two have been hit, and we are at one of the targets.  The targets are:  1161.25,   1166, and 1171.5.  I'm thinking the October surprise came early.  The surprise this year is a return to higher ground.  The issue for the bull:  The daily ranges of many markets (including the ES) are at the top of a bearish biased channel, and there is always the risk of a rollover.  But given a break out, the 4th quarter becomes very bullish for new yearly highs.

Quick thoughts tonight, it's the weekend.  Another excellent BOT week and day.

Buyers were entering this A.M. after the range release.  7:40 -7:45 EST (hour earlier today) was coming off the SB for ES.  15 points (20 today) later the market hits an early HOD.  Those waiting on their Rth charts missed out.