1155 level:

 BACK TO BUSINESS EYY!!!

     Alright 1155 level has held even though there has been horrible news everywhere, sadly if no position for the upside then there will be a nice profit not available........ but for the people short a nasty short squeeze is on its way...... WHY? you wonder.... because a EURO intigration between countrys which is considered a miraculous ordeal especially since everyone is so short,,,,, and Thus that is were your squeeze shall come from..... Learn technical analysis, or become a trend trader meaning flow with the wave of market directions.....

S&P Support level

S&P support level 1185 and Resistance 1225, DAMN i should of held onto my short position.......... But was a good trade anyways.... :"One Good Trade, At A Time"....

Failed Pattern:

 The S&P 500 was developing a nice bullish continuation pattern called a PENNANT......... That pattern has failed in other words a new trend has developed and that's to the downside...... People beware the only thing left is the G20 meeting but of which not expecting much....... covered my short position today why low if not horrible volume next week and reevaluating everything and for a potential recover rally ....................... One more thing to watch is 1225 Level of S&P if it cant close above that and hold for a few days  another leg lower will be taken

NEXT: Spain

 Damn it one after another but awesome how everything is beginning to unwound itself .......................Greece, Italy, And NOW Spain..... What I'm doing wondering play the Charts of individual stocks not the Major indexes........ S&P making a bullish triangle continuation pattern but for the pattern to be confirmed a few things must take place and the most important if pattern does happen there must be a large amount of volume but during consolidation phase volume should be light and breakout should be higher............. The closer it comes to the apex of triangle the more unreliable the pattern becomes>>!!!!!!! REMEMBER!!!

  EURO: rebound needed but at topping point of 1.35........ short 1.35 WHY short? support is broken ,old support becomes new resistance!!!!

EURO:move

 The Euro move was amazing the move the push up was a complete short squeeze as i stated in previous blogs i figured this would happen with 1 small amount of good news........ But now look at today's move another furious day except to downside....... S&P level to watch today 1246.277...... Everyone stay alert the flag formation is still potentially in play until the high of the flag off is broken

New Goals:

  Multiple streams of income:
 
    My new goal is to have multiple streams of income why the idea or goal because of a book i just finished reading 'RICH DAD POOR DAD' an amazing book it really opens your eyes to the world and how people in the world live....... My thought to myself is i never want to be in that situation which is...... to live pay check to paycheck..... the book tells you to want to learn how to have money work for you VS. working for money...... never thought of that idea... People great book!!!! If you've heard of it but never read it I recommend it!!!! why? to a new idea of how the wealthy live that i myself have just started to learn>>>> <iframe src="http://rcm.amazon.com/e/cm?t=whattheywonts-20&o=1&p=8&l=as1&asins=1612680003&ref=tf_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="width:120px;height:240px;" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>

   

The Euro:

REMEMBER: Markets can overreact

                                                                 Euro chart/US Dollar

    The Flag has been confirmed so next place for the Euro is the retracment level which is shown...........................(The Yellow Horizontal Line)..... Any random News out of Italy could cause a break out of the Bear flag formation........ So people who are short stay ALERT: Price Resistance level...........1.36816
      Wondering why the Euro is still trickling up higher..... the 9th. of november was a monster day anyone and everyone was short and people are pulling out of short and at the same time people are buying the Euro to take advantage of the move going up to the next resistance level.........
    Italy has made progress and
NOTE: Coal and some material names have lagged compared to the broader market not exactly sure but could be pricing in a possible dollar move higher and thus a lower Euro!!!!!!
      

Downward Spiral

How will all this economic woes of Italy make markets react....
  I would short market and watch the levels of were stock lows were located during consolidation about 1-2 weeks ago......... REMEMBER there are short thatt are wanting to cover after being drop kicked.... ...
   So stay alert of those price levels and watch Euro chart!!!!!!!!

All up to ECB and IMF

   HAHA wow what crazy day!!! WATCH out people shorting this market the second people find out the ECB or the IMF will interviene to help lower Italy's Intrest rates it could pull a (short) squeeze... Meaning people shorting will buy to cover that will prop market up higher.... But as stated the EURO did break out of the BEAR Flag formation............ What will Happen Next!!!!! I Have no Idea at this rate of uncertain proportion But i do know that if the S&P 500 holds above 1233 there is some support but if we dont............................... Here comes 1200 and the Bears will rise out Caution


This is the current chart as of today.......... The flag and the breakout, can it go much lower depends on ECB and IMF and people do not like uncurtainty

The psychology for the beginner

Thetrading book.com.                               I am currently reading this book at this point it would be a desirable book for a beginner....... As I was reading it I just decided to observe the cover and I saw a website address which is the one address stated above......
   When I looked at the website I was like THATS ALL!!!! But a link saying membership in yellow caught my eye so clicked it and very well place website emerged....... The End......... okay that tells how to get to chart of the Euro/USD which would be considered a bearish flag based only by technicals but always remember everyone else sees what you see....... In the book it say play the market by what you see not by what you think which is ultimately true...... so check out the chart to her a greater understanding I will have pictures and writing to help understand more......

AGAIN:What the fluck

   Once again the debt crisis is on: this shit is aggravating and I'm sure to everyone else..... (Sarcasm: Do not buy to these recommendations)............................................................................................................Wow markets look good lets buy some (ANR) Alpha Natural Resources, Everything is great that day wake up next morning the Europeans have not followed through with their debt plan markets are down 2-3% globally ...
   EVERY OTHER DAY this is occurring but the charts do tell a story Believe that.!!! Today the Canadian employment number came out and was horrible this should weaken the Canadian dollar and the Canadian dollar is correlated with commodities................. THAT mean Commodity stocks will go lower....More... the debt crisis is pressuring the EURO and should cause the  U.S. dollar to go which also pressures Commodities So in all this significant action between these events happens for a reason .... IN all U.S. dollar up and stocks + commodities down...