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HAPPY HOLIDAYS TO ALL! SEE YOU BACK HERE ON 1/3/12!

HAPPY HOLIDAYS TO ALL!  SEE YOU BACK HERE ON 1/3/12!
 

Every freely-traded market makes a series of turning points during the day session of the regional stock market.  You don’t need to master complex cycle theories or pay to join some elite trading group in order to utilize daily turning points. I can teach you how to spot them with conventional technical analysis

 

 

Scoreboard

ES: 6 wins / 0 losses

Special Announcement

I’m working on my new video blog using Camtasia to create “Mentor Mike’s Market Movie” – a daily video showing how the ES moved throughout the day and where the trade opportunities opened up.  I hope to launch this new VIDLOG just after the first of the year.  If this works well, it could be a prelude to a live, hosted trading room with a video recap at the end of each day.

Also, please be advised that I will be on my Holiday Vacation from Thursday, 12/22/11 through Monday, January 2, 2012.  I’ll be back in action on Tuesday, 1/3/12, when I’ll hopefully have my prototype VIDLOG ready for your first review.

Chart Chat

Please note, I decided to start my vacay tomorrow instead of Friday.  So, this is my last blog post for 2011.

Today’s market had double bearish impulse patterns connected by an A-B-C correction in the middle.  There was an elongated HI-LO-HI with first HI very early around 2:30 am PST.  The last HI was at the very end of the day session.  And, the middle LO was exactly at the predicted time of 9:30 am PST.

Whatever holiday you celebrate, have a great one.  And, let’s all have a healthy, happy, peaceful and prosperous NEW YEAR!  See you back here on Tuesday, 1/3/12.

Please click on the chart below to make it larger.
Chart #1
Today’s 3-minute ES chart

 

 

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