the bull and bear party

Its no secret im a bull, always have been always will, always look for opportunities, accept bad situations, find the solution and move on to the opportunites.

SO what i decided to do, so we can all look at things the same way, was chart the XJO,S&P, and DJIA, i turned them upside for the bulls and left them as they are for the bears.
Why, because for a bull i have a hard time looking for break downs, so the easiest way for me is to turn th chart upside down .

A few thoughts from the US markets last night
- No broad capitulation, but there was with BAC WFC and CI to name a few, for mine they were classic capitulation.
- 95% of people expect the lows to go and we plummet, contrarin ???
- Options Ex week, no you didnt expect anything but volatility
- Government spoke at 1pm, funny how is was right on capit time
- Not out of the woods but time will tell

Trade the Trade NNN Stops Rule :)))))


The last 2 charts are short time frame BAC charts showing how you can trade capitulation's









Now look at how precise the fib levels were on the way up and down with DJIA.
And yes it it fails here i think you will see the 5218 come into play, howver i still favour a bounce prior any testing of the 5218.