Was that who I thought it was?

The hourly cross down in the SPX:VIX and IWM:VIX makes me think that Mr. Dev might still dodge the Bull-et.

Mr. Laundry's looking for toppy-ness in here:
Decliners lead advances a bit today.
Although one more pop-up might be a good tactical move before any selling.

For the Wednesday July 14 2010 discussion below just click on the PDF link to open any chart then listen to my Audio commentary by clicking on the audio Download link.
Audio Commentary (click on this link) Download TTF20100714 AudioSummary
S&P VO Daily Chart Download SRTvo20100712pdf

Edited by Rogerdodger, 14 July 2010 - 04:02 PM.

Mr. Laundry's looking for toppy-ness in here:
Decliners lead advances a bit today.
Although one more pop-up might be a good tactical move before any selling.

For the Wednesday July 14 2010 discussion below just click on the PDF link to open any chart then listen to my Audio commentary by clicking on the audio Download link.
Audio Commentary (click on this link) Download TTF20100714 AudioSummary
S&P VO Daily Chart Download SRTvo20100712pdf

RD- your little bull and bear icons have been absolutely dead on the money! I agree with u and Terry... generally a bit of correction into about Monday. TL looking for 1155-60 by "late August" and that pretty much squares with my work as well- though I think we could get even a bit more but Hey, who's countin'? Best, D

S&P VO Daily Chart Download SRTvo20100712pdf

WTF happened to the can't have a new T while the earlier one is still unfinished rule? As others have said, he has been pretty good with the long term picture but keeps making things up for the short term.

The real tactical move might be down here and now, failing right at the downtrendline.
Overjoyed the Bears go on a picnic, eating fermented berries.
When they pass out, the bulls mount a surprise attack, since "everyone" knows we sell off in Mid July.
BEAR LINK

Edited by Rogerdodger, 14 July 2010 - 05:13 PM.

Mr. Laundry's looking for toppy-ness in here:
Decliners lead advances a bit today.
Although one more pop-up might be a good tactical move before any selling.

For the Wednesday July 14 2010 discussion below just click on the PDF link to open any chart then listen to my Audio commentary by clicking on the audio Download link.
Audio Commentary (click on this link) Download TTF20100714 AudioSummary
S&P VO Daily Chart Download SRTvo20100712pdf

RD- your little bull and bear icons have been absolutely dead on the money! I agree with u and Terry... generally a bit of correction into about Monday. TL looking for 1155-60 by "late August" and that pretty much squares with my work as well- though I think we could get even a bit more but Hey, who's countin'? Best, D

D-Thanks for posting your targets, I was begining to think you and I were a world apart. Now I know we are in the same neighborhood-feels much better! You are one of the few TA men I hate to be at odds with.