Replies to post #34309 on New Trading Systems - Think Tank

[Footquarters]

Hi wishful


Generally if the market makers think it will be a terrible year in 2013, they will prop them up till year end and then Bamm on Jan 2nd... I noticed the Dollar took off last night, so that will put pressure on the markets if this holds up. Max pain, I think is right around where the SPX started the week, so back and fill would hurt the most. From what I read, this week and next week are generally down weeks and then Rally on till the end of year. Right now we are still on a hold long signal, so consolidation here would favor bears, I believe.

[snootmagruder]

COMPQ chart, hasn't yet confirmed the I H & S pattern, needs to bust up through.