Thursday, August 11, 2011
The blog will remain very light throughout the month of August up to and maybe even after Labor Day. What I need to see happen is the exciting market action to pick up. Usually when I say it, it pretty much does however until either a break below $32 OR a CONFIRMATION break above $42.25. We have already confirmed that we are breaking $38.01 (or we did) and now we are signing of the possible failed moves. Therefore if you are gambling short term that $38.11 area will hold, I don't know what to say. You might and I hope you do but I don't know anymore. I am still waiting to buy on the confirmation or the break below a key level. Take care everyone.