Magic 8 ball check

So, I do this blog for my own piece of mind, now that someone is reading... except I suspect I have more than one, I'll try and have more complete posts. my 3 hours of sleep is beating the crap out of me, which is why I put no new money to work today(it's a classic blunder of mine to, make some stupid trade when I'm exhausted.

Brian Shannon is trying to catch the Knife.... damn that is a bad sign.. one of us will catch some pain.

Roughly I expected the inverse of today... a morning early rally with a big run then close pairing the gains to a +50

Todays range was 13080-13350- closing at 13266 With support-resistance 13200 Was that the pivot?

I said: 13320-13550 support resistance 13350 Interesting I was symmetrically off. I expected a 200 point upside move and we got a 200 downside move.

Not like it's hard to guess that the trading range would be 200pts.

Strategically the bulls waited for the bears to run out of steam, then someone made a huge move against them, by buying financials..

Just some notes:
I have a hard time trading intra-day, so I trade a few days at a time based on momentum and geometric movement... I also try to add in some market psychology(most of which has to do with when things will click in the minds of people in the 100-120 IQ range.)
If we have good momentum I'll go long. In this volatility, i've switched to this strategy instead of being net long. If I had millions I'd just play the business cycle, and then save some money for Intra-day gambling.... Cause I'm an addict.

I'm completely A-moral.... as much of an asshole as that makes me, I don't give a shit, I just want to make money.. if I can't make money short I go long, if I cant make it long I go short.

I know, it makes me an asshole. I am a good person, I spend way to much time trying to help people.

Ok the support resistance was 76.4 off of Tuesday high and today's low. Better was the friday Monday tuesday wed resistance at roughly 13600 to today's low.

The move from Tuesday to today's low is 580 points

the last one was 510 from Wed to Friday last week.

My early bet is that tomorrow we work from 13280-13120


Fucking Solar.. in 6 months we are going to be talking about the "Solar Bust"

I seriously won't buy anything with a P/E over 30.... Unless it's a full trade.