The ACD Method

01-17-2012 Oil pit Close.

 

Finally confirmed the A down intra day on the SPY. Felt like we would, but I wonder if there'll be any follow through at this point?

 

SPY bounced off the weekly A down today. We'll see if that holds.

 

2) ACD method is my core and i use Market profile basic concepts as a layer to ACD. I did not look at market Profile chart yesterday and as a result failed to see why Feb. contract ( CLG2) yesterday found support yesterday at 99.48. Chart is attached.

I will be attaching market Profile chart from time to time , if it gives some areas to watch.

 

here is market profile from yesterday for clg2

 

Nothing big in the currencies over night. Failed A up in both the Aussie and the Euro.

 

Fish rang the bell. He'll be on the half time report too.

Happy trading all

 

AAPL new all time high today. This is for the King.

 

Intra-day A ups being made early. SPY. Still, this market has a weird feeling to me, (what do I know?). I'm just very hesitant for some reason. Just an observation on where my head's at.

XLB is now 9, XLF fell to an 8 on the 30 day line. XLV, (former champ) is now a 2.

 

Bonds are breaking down, so is the dollar. If we take out that swing high at 1302, you better buy with both hands.