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The Market Trader Tao
NeboXian's Day trading journal
is updated live during NYSE market open with observations , technical analysis and trades as they happen.
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Monday, November 9, 2009

Blast Off
























The fifth bear trap the bulls have laid since MARCH!

The Market makers are calling for 1120 buy end of the year .... after today's action It wouldn't surprise me to see it tomorrow..

After the poor Friday performance the bears gave. With a gift of 10.2% unemployment report, I don't think they have it in them to significantly push the market down more than 2 maybe 4 % max at any one time.....

The Bulls have the power via the FED to Gut the US Dollar at will and they have unlimited supply of Central bank cash to push this market higher..and the O'Man wants a weaker Dollar because it help the US Export Market......so it is a loser to be a bear for more than a few hours....So We make the Bull Penguin Fly!
It's not really a bull use your imagination

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