Sayonara, Slopers! (by Nathaniel Goodwin)

By -

The Colonel and I will be boarding a flight to Japan soon for the for
the Sasuke "Ninja Warrior" TV show tryouts. I will need a clear mind
and strong healthy body for the competition, something I was lacking in
my trading last week. I believe my yoga and sudoku training will pay
off, and hopefully make it to the second round.

Before I leave,
I wanted to drop off this point and figure chart. I am short term
neutral/bullish, but still leaning longer term bearish because of this
chart. Indicators such as the McClellan Oscillator are at all time lows
and I don't trust those right now, but this point and figure
chart I like. It smooths out a lot of noise, and I think Friday's
activity was important.

Friday broke (what I think) is an
important support line, a support line that goes back to August 2009
which was not breached in Feb 2010 or the funky finger crash just a
couple of weeks ago.

 

SPX

I need to go pack my things and brush up on my Japanese.

Until I post again:

パンダの底のようなあなたの母はトラの花の売春婦である

(I think it means "great trading to all and good luck this week")

xoxo Nathaniel