Monday, August 10, 2009

The Struggle Within

100% Cash. Made small gains today on ZIXI offset by losses in CY. Dropped CY shortly before it made a wonderful comeback into gains for the day. Oh well, I don't like the way the tape is moving right now. I'm seeing ascending triangles and upward channels getting broken on the bottom (failing). I'm starting to feel a bearish sentiment, or maybe just consolidation.

But after looking at the daily charts, the last two day's candles look like they might be a Bullish Harami on low volume. I think tomorrow is going to be another good day for the SPX.

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