Doji, spinning top, bearish harami…whatever you want to call it, we didn’t go anywhere fast today. As opposed to yesterday’s learning day, today didn’t tell us anything. The consolidation, profittaking, selling or whatever you want to call it was not severe and on lower volume. So we will need to keep watching for the market to say something to all us traders.
The Dow and the Nasdaq were up slightly while the other indexes were down slightly. The Dow chart shows that we are approaching a trendline drawn across recent highs. 
and the S&P is still looking to make a new high or being turned back at the double top.
The key to today was not to lose money. Nothing wrong with just sitting and watching. Cash is a position, especially when the markets are chop chop chopping away. SPPI popped in the morning so I was able to cash out early. CHIP didn’t do much so I’m still holding, but the chart is still showing possibilties.
And on a lighter note: Due to recent bailouts, budget cuts and the cost of electricity, gas and oil, as well as current market conditions and the continued decline of the U.S. economy and its dollar, The Light at the End of the Tunnel has been turned off. heehee
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