5 ' tick trend is rolling over again.

I'll be forced to close my shorts today at the close and wait for the next set up as it's too late to chase this market up today. SDS down 4%

I think there is a typo in your email, you say " However today's email is a notification that the daily system is no on a buy. " and I think you wanted to say NOW?

Yes, good post Saturn, there has been a lot of chatter about SLV & GLD not having enough metal to cover their positions. I like PHYS for the same reason.

We may have been up over 250 dow but the candles and volumes look like this is just a big bull trap.

thanks Matt, that's what I thought but wanted to ask. It's a really good thing to watch And so far we have been there all day today.

Hope you are feeling better now Matt, shame to bring in the new year sic....

Matt, what etf or index and time frame were you looking at last week that when the slo sto 60/3 stayed over .80% all day & you said was bearish for the next day? Looks like that may be the case today.

My 5' Tick trend is showing this pull back right now very well.

My wife gets them and swares that drinking water helps too.

yes, thanks to everyone at BPT for all the good trade ideas thoughout the year. Great techno work in here by everyone.  Now, party like it's 1999 all weekend but stay home when you drink. Your best friend is your dog and your couch. Love them both!

Interesting, look how many times 1257.60 has been a swing low or high on the year.

http://screencast.com/t/sh2SncY4nB

good insight park, form what I've heard, the sales were mostly on give aways and promotions, Why else were the stores staying open till midnight and such, Bare chested guys hawking A&F at the malls. Why could Victories Secret do that? oh, i digress. Anyway, the charts don't like, the consumers are only buying what they feel they must and that's now over. Sears closing stores and such, the talking heads make it sound like the econ is coming back but I know too many folks out of work and see no signs of rebound around here. 

Matt, you couldn't have picked a better day to stay away, I've seen paint dry faster than this market. But you are supposed to wake up with a headache Sunday morning, not today! put on the sunglasses and go play with your baby.. and have a happy new year.

we could easily follow this channel down to SPX 1257 for breakeven on the year.

http://screencast.com/t/K9zUrItpJ8

if you subscrbe to stockcharts.com they have a good bit of info too.

consumers are sick.

discretionary is also topping which doesn't seem right here at Christmas time?

system not letting me post now, I tried to post a vix chart for windy but it won't let me reply, here I'll try again.

so, it let me do it on a new post but not a reply.?

I don't think Matt is there today, try Tom.

see if I can post?

 yea mine seems to work. log out delete your cache and log back in....if that doesn't work, slap your mornitor on the left side of the screen three times...

Considered the bible of charting by many is "Technical Analysis of Stock Trends" by Edwards and Magee. first edition 1948, some things never change.