108 Responses to “Wednesday’s Trading – 12/9/09”

1. George says:

   December 9, 2009 at 10:08 pm

   K,

   I’ll be looking at candles during this box of blah we’re in. That was a good “heads up” seminar as I’ve not studied candles before.

   Today’s looked kinda bullish engulfing to me. Phil and 2thfixr may be right about more SPY uppage.
2. George says:

   December 9, 2009 at 10:13 pm

   If my trendlines are correct, SPY has touched or gone over the 50% Fib retracement 5 times. It has only touched support twice it looks to me.

   I don’t know what that means. There are two camps: one says the more it touches, the more likely it goes in that direction; the other says, the more it touches the more it has been rejected so it will go in the opposite direction.

   After seeing that seminar, I’ll wait for a confirmation candle whichever way it breaks.
3. K says:

   December 9, 2009 at 10:43 pm

   are you going to spend $1k for his 16 dvd’s?
4. K says:

   December 9, 2009 at 10:52 pm

   here george
   updated

   http://4.bp.blogspot.com/_rufrpeKdZ38/SyBtki07LvI/AAAAAAAAF3Q/yV6xlbXkgaE/s1600-h/spx.png
5. George says:

   December 9, 2009 at 11:25 pm

   Mitch,

   Here’s 2thfixr’s UUP chart. No joke.

   http://i48.tinypic.com/xlmahg.jpg
6. George says:

   December 9, 2009 at 11:27 pm

   K,

   No, I’m not going to get the course. I will buy the book though.

   Nice 60min chart. I will drop down in the timeframes as low as possible to where I can still see the box and take the breakout from there. Maybe the 30min.
7. K says:

   December 9, 2009 at 11:42 pm

   XLV healthcare has negative macd next sector to turn. XLP, XLK and XLU remain.
8. 'K says:

   December 10, 2009 at 12:20 am

   Merry xmas George hahaha