5 Nov 2014 - Positive Response

Change is in the air.  There were positive response to yesterdays blog and great to have those on board the blog site.  I hope to make the experience simpler and stress free for both advanced and intermediate trader / investor.  The charts will also be simpler and I will continue to post the direction and momentum of our trends.

I have added on the side bar a link for members to join.  Please feel free to join us.

The markets have lost the momentum to the upside, but that does not mean that we are done going up to higher highs.  The ST is still clearly on an UP-TREND.. Therefore we must stay the course.  I have also updated the chart to reflect the *NEW* MT. So this is to remind us that we should be trading with the trend.  I will also be limiting the EW analysis to better serve everyone who might get confused with too much information, but it also does not mean it will disappear altogether.  Any feedback is welcomed of course. 

As much as our ST has done well so far through this uptrend, I feel however that the market should pull back at least before resuming a bull run that many now are calling for.  Therefore, we should look for the ST to signal to us a turn sooner than later.  This has been a good run and should have some traders taking profits on partial positions..

MT: UP
ST: UP
PA: UP