Wednesday, November 7, 2007

The Healthy Bear Market

"The market has a memory like your spouse," I said in my webinar today. "It remembers the crappy decisions that you made and It can cost you lots of Money." (I like my own jokes)

This is just the beginning folks, Jobless Claims at 7:30am Central followed by Nat Gas report will continue this bear move. Volume is up - Open Interest (I suspect) is rising on lower (and lower) prices, all signs of a healthy bear market - continue to sell rallies in the emini S&P's and Russell. Look at buying breaks in the Bond Futures and Euro FX Futures.

Join me in the TradeMaven’s Inside Edge Room Thursday at 4:30 ET (3:30 Central) for TradeMaven Inside Edge Intro Seminar.

www.trademaven.omnovia.com/tmaven, the password is “trademaven”

Pivot, Support and Resistance Levels for Thursday Nov 8th: