The Downside is Up~

9:02 PM 

A pivotal day today.  Yesterday should have been a "clue" to everyone.  A downside candle yesterday, the FOMC decision today, and Operation Twist a foregone conclusion already priced into the market.  It screamed "watch out belowwwwwwwww" 

 

Everyone was hoping for MORE HAPPY JUICE from Uncle Ben today!  The market wanted more than the meager sheckles from Operation Twist.  Go figger.  But 'tis true.  Some felt sure it wasn't coming.  But everyone wanted MORE HAPPY JUICE!  Psssst.  Uncle Ben........how 'bout a little.......you know?  Come on........Pull-eze!  And what do we get?  The brush off.  The walk away swagger.  How could our Happy Juice Dealer nip us in the bud like that??  And after all we did for him!!  Like a crack dealer refusing to give his addict another rock, Uncle Ben just gave us "Operation Twist".  It's like giving a crack whore a little caffeine and telling her to be happy with her high!  Damn, that's harsh!!

 

So what's the chart telling us today?  What's the agenda for tomorrow?  Do I really need to spell it out for you?  Ok, Ok, Ok.   D-O-W-N-S-I-D-E!!  The market tanked big at end of day, so it's likely the momentum will carry thru tomorrow.  Volume was larger than average.  And the close was just a hair under the bottom of the Bear Flag Channel.  And ya just can't withhold the Happy Juice from a crack whore without having her throw a fit.  I can easily see Dow 10,850 at the closing bell tomorrow.  Yes, it's the bottom of the ninth in this Bear Flag and the Downside is up.

 

CURRENT MARKET TRENDS
Long Term (Weekly Chart)  -  Sideways with a down bias
Medium Term (3 day chart) - Sideways with a down bias
Short Term (Daily Chart) - Down Down, Down.