Replies to post #34301 on New Trading Systems - Think Tank

[TREND1]

Amateur-Investor Daily_Report (Outlook_for_Thursday)

Comments:
May have peaked Today 12/12/12


http://www.amateur-investor.net/AII_Daily_Report_Dec_12_2012.htm

[Wishthiswasmyjob]

The Inverse H&S on the QQQ's

I see the possible pattern, but the volume confirmation isn't there...
Light volume rises and heavier volume drops - Yes, we got some solid volume for a few days in mid Nov., but that dried up - due to Thanksgiving - expected - but the last 2 weeks of activity has seen no buyers coming in...

A 60+ mill shares traded day or 2 - to the upside - rising out of the last shoulder - in the last 10 days would have been nice, but it didn't happen.

Futures just barely red here, just slightly and Gold down 21... DAX only down 30 pts - I expected it worse...
Man, the powers that be will do everything they can to keep it propped - we gotta let it unfold.

I still keep hearing the GS year end 1250 call whispering in the wind.

[Spinner1]