Flat...too many uncertanties

I trade off daily charts/indicators. They are as of tonight showing a turn down but I refuse to play right now in the face of the clowns in Washington...anything could happen on news. That said, a few down days would get me looking at a setup to go long. EOM money coming in at weeks end...lets see a day or two of info. I have a feeling that the market gets run up again and gets everyone jazzed before the next big down comes. Can't have a bear push without everyone greedy. Selecto, BB's are starting to contract on daily indices. Roger, what say you and Friday's moon turn phase?

Edited by Chilidawgz, 25 July 2011 - 08:26 PM.

"Flat...too many uncertanties"

You AND Soros! (and me)
Soros $25.5B fund: 75% cash: worries over Euro Zone

The last moon top and bottom seemed to shift and come a few days late.
Bradley hits at the end of the week.
Any agreement in Washington would no doubt pop the markets, but not affect a failing domestic economy.
Mass layoffs back?
Maybe like the Osama top coming on a weekend...

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Edited by Rogerdodger, 25 July 2011 - 10:20 PM.

The A-D was pretty extreme today despite the mild price damage and it seems like we have a relief rally shaping up now that US Bonds did not get trashed. USD is still dropping and US futures are pricing it upward, this is somewhat bullish as TF is also outperforming ES. I think we may see this rally to new highs on SPX to conclude the month before correcting into August... I think nobody is long and the skepticism about a rally here is pretty much maximum, so the shares may float up and then people may chase them with the right momentum. I think the dump today on the news was able to flush most of the call buying from last week, although I did not think anyone was buying protective puts, there is no fear, then perhaps there will be euphoria to buy any rally for a top without much advance... Gap up may also get sold in the morning, but it may still rally a bit...

Edited by arbman, 26 July 2011 - 12:00 AM.