12-18-2006

Since coming back from China, I have not written my market daily for a while.
I just found this web site and it will be fun to post my trading thoughts here.
On last Thursday, SPY broke out the several days trading range and this was a several years high. The market sure looked very bullish.

The market action from Friday and today does give us a solid proof that I should NEVER buy any new highs.

SPY has been down for two days and has broken down their recent support level. has been strong today.

The holiday is coming and I am looking for to buy any pullback before these holidays.

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