wednesday compline, page-4

can't see dow doing much if UK hits the skids, at least not til after uk cash close. And tho I've been sleeping, I still don't like the look of the xjo rally on the chart. The green is heavily interspersed with counter trend selling so its obvious there was a lot of selling into the rally, and the blowoff was feeble as well. By that i mean, a really bullish intraday move would have ignited a more serious rally into the close than what we got. It basically looks to me to be a bear rally, that is, corrective in quality. Whether the smart money was buying or selling.. they usually go opposite to the crowd.

But I actually just trade price mostly.. if dow looks like rallying tonight, I'll go long. No position atm.