After some time off from blogging, I'm coming back to it and will try to write a weekly post with some thoughts.... for now, here's a chart of the market. I'm expecting a little correction, at least down to the 38% Fib of this recent move up, and this also coincides with significant volume at price. On the 30-min chart, you can see the unfilled gaps... I'm thinking we might close 2 of those gaps, but we'll have to see...
Right now, I'm short FAS, long RENN (took 1/2 off already), long TRGL, long MU (took 1/2 off already). There are quite a few nice looking charts out there, but I'd rather wait for at least another pullback day, ideally a total of 3 pullback days before looking to add any long swings...
