Trade the Cycles

Thursday, February 21, 2008

Concerning Today's Very Bullish WMT Lead Indicator

Concerning today's very bullish WMT Lead Indicator, at +1.47% versus SPX (S & P 500) today/on 2-21 (see http://finance.yahoo.com/q/ta?s=%5EHUI&t=1d&l=off&z=l&q=l&p=&a=p12,fs,w14&c=wmt,%5EGSPC), it should turn bearish again tomorrow, because, today 2-21's WMT candle is black, indicating a bearish close below the open, and, it has a bearish large spike, see http://stockcharts.com/charts/gallery.html?wmt.

Tomorrow I'll be looking to day trade NDX (NASDAQ 100) ultra long early on via QLD, then I'll be looking to day trade RUT (Russell 2000) ultra short via TWM, because, RUT has a medium/large bearish spike on today's bearish black candle, see http://stockcharts.com/charts/gallery.html?%24rut. I'll also be looking to short GDX, the Gold Miners ETF tomorrow, and, I might buy some XAU put options. Ciao

....... http://www.JoeFRocks.com/ .


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