Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.     Yesterday we said:     Its also starting to seem that the only way the market is going to get up and go is with some sort of news driven propaganda event.  Of course we know what those look like right?  All in the form of a gap and go that doesn’t fail like the last three or four opening pops have.   Sure enough, we popped and thus far we haven’t dropped.  Of course we need to make it into the close but it sure seems like one of those days where if you are short they are not going to let you out without inflicting some pain.    Keep in mind this is always the way it is. When everyone and they’re brother is bearish the market tends to do the opposite of what way everyone is thinking or saying and I  must admit while surfing there are tons of bears. By the way, at ALL ABOUT TRENDS we are really never bearish or bearish, we’re opportunists long or short all based upon what the charts are telling us. That said we could care less if the market wants to go to the moon as the signs will  show up in the charts in advance (think pos. rs divergence , supports etc), if the market wants to roll over and die? 9think neg. RS divergence and resistance).   Here too the signs will show up in the charts. All we have to do is let the charts guide us AND NOT OUR EMOTIONS, in essence you have to get out of your own way as they say in "The Legend Of Bagger Vance".   That’s the power of never jumping to conclusions without letting the charts tell you what they are telling you.  So will this all stick today? no clue.        Yesterday we also said:     Until the market either gets slammed to the green trendline in the daily charts (Which we did into the close as shown)  or we break to the upside of the Pink POH that is building itself …