It’s Tuesday and the market is still my bitch

Over the weekend the blogosphere was incredibly bearish.  To top it off, when the futures market opened on Sunday evening and into Monday morning they were pointing to a huge gap down.  But, Alphahorn wrote on Sunday evening that this move in the futures was a “HEADFAKE” and that I expect the true direction for the markets to be up and that the next pullback was still a bit into our future.

Was it: A) a lucky call (AGAIN?!) or, B) was I being tipped off by one of my tried and true indicators?  If you answered B or both A and B, then you’re in the ballpark.  Look at this chart below and note the indicator on the very bottom.  When it builds divergence against price; it’s deadly, as it was again on Sunday and as it was the last time I timed the bottom to perfection.  More to come later after a continue my search for my Microsoft Office.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply