Market Preparation for SP-500 Nov. 11, 2009:
Possible Scenario: Hitting resistance @ 1093 Way Overbought and still expecting a backlash to 1088 so mostly a Doji.

Wrong again, learning to just read the tape vs go beyond to what I want. Need to eliminate my bias towards the market. I missed the gap up which caused a huge upward push. So now I'm 4.5 out of 7.

My expectations for the SP-500 are based upon the current rebound up outside of the channel.



Breakouts: KOG (Imminent), HNR, GLS, LOOP (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): LPSN, SCI, AGM, GGR (Profit), AHT (Imminent), ADPT, MOT, SVM, EXK (Look to break even), HYC, CLZR, ERES (Brokedown), TSYS (Brokedown), GSS, CTDC (Brokeout)

Breakdowns: CCOI, OCN (Imminent),
Previous Potential Breakdowns: SMA, MFA, BDN, KNOT (Imminent), NSIT (Imminent), CLMS (Imminent), LEAP, MENT, MFC, TRMK. (Set Order just below Low resistance)

Dip Picks: N/A
Previous Potential Dips (Looking back 5 days): Broke Even with all Plays

Rip Picks: VCP,
Previous Potential Dips (Looking back 5 days): CLNE, TUES (covered)

Top Pick: Imminent Plays (Look for gap downs or gap ups beyond resistance)

Top Missing Piece: Pull Back?

Good Luck,

Tyler