TOP GUN

[BooDog]

Today, 06:15 AM Posted this elsewhere this morning on TSP Talk. Futures were actually down as I typed though.

BooDog: Good luck JTH. The volatility has been picking up again. Whipsaw action makes it a bit more difficult to calculate but eventually it shows itself on the daily.Tough to make a call but just using the DJIA you can flip through the other indices and see the support levels. Main levels being 17,000 and the 16,500 if that breaks for the Dow. And of course the triple top. Which, imo, shows we've formed a head and shoulders (this March to now) which would be bearish. Very possible though we rally to test the tops and the dma's move closer to seeing the 50 day moving averages cross the 200 day. [I]The Golden Cross!!![/I] Media starts pumping that and who knows what will happen. Think I've mentioned I hate seeing gaps, well, sideways is also on my list. So I remain on the fence 5% I and 5% C. 90% G.

Best of luck to everyone.

Jim

Good to see what I thought would happen, happen. Though I didn't expect such a strong push. Thinking OPEC won't result in that much of a push. We'' see by COB Friday.

Hope everyone is kicking some butt.

SYN CBAY CTIX ATNM AVXL MSTX OBMP SGYP are my current projects. I've taken some off here and there on some swings so doing fairly well. Wasn't ready for today though!

Cheers!