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Sunday, 25 November 2012

full moon bus club


full moon bus club

If we were on a bus right now with the market, I can hear someone screaming at the back!!  "The BUS IS GETTING FULL....THE BUS IS GETTING FULL!!! Ahhhhh!"

LOL! ha ha. :-P

As you can see the market over the last week (The holiday reversal we talked about) we had nothing but UP, UP, UP and I did not see any of the smart money involved. So that is a warning the BUS IS ACTUALLY GETTING VERY FULL, and in the very short term this market may need to take a break.

full moon bus club
full moon bus club




Below the nasdaq hourly chart is extremely overbought, and its pointing to some down at least in the short term.

full moon bus club
full moon bus club



We have to remember the smart money will be returning this week. And normally that can mean a reversal of the holiday reversals, and with the hourly charts the way they are, I would be expecting the market to have a bit of a break from the relentless upwards and we see some kind of downwards momentum AT LEAST FOR THE FIRST PART OF THE TRADING WEEK!.

Happy trading! :-)

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