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[dTraderB]

With both of them gone within 24 hours, this clears the way for a relief rally with an initial target of 1310/1320 I am extremely cautious and ready to bail ad ask questions later if this market cannot move up from here.. The 60-min and 4-hour momentum indicator have flattened - is this a pause and then continued rally, or a stall and then decline? My simple momentm rule: Markets that do not rally on good news are ready to fall; conversely, markets that do not drop on bad news are ready to rise. and the basic rule: if it can't go up, then it will go down; if it can't go down, then it will go up. We got to go up from here or else... goes down. DUH. Watch that VIX and NYMO

Edited by dTraderB, 08 November 2011 - 02:47 PM.