Sold shorts. Sideways.

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 We took another look at the Qs and decided we didn't like our shorts there and so closed them.  On reanalysis the trendline was not sufficiently penetrated.  We also…

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Eye of the hurricane…

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441 Notice how the truism of trendlines is demonstrated here.  A broken up trendline warns of an impending  trend change. At this moment price is in a very interesting and…

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