the dust settles, page-81

I'm with Nine Lives.

Seriously though, I am finding this market very frustrating. For three days now the index has been trading around the bottom of the large expanding triangle on my hourly that coincides with the support from the highs in August. It traded around the bottom of the expanding triangle at the early October bottom for three days as well and then broke its downtrend and roared up. As this afternoon wears on, it is being squeezed into a tight corner. But at the same time, I am far from impressed with last night's performance on Wall Street and still concerned that we may be forming a running correction here and if that is the case, we will have another sharp move down. Yesterday I was prepared to give New York two nights - so one is down. Needs to do something a bit more tonight or we are going to break this support.