Sunday

Well?

As I look around the blogesphere today and read the newspapers seems we're going to crash tomorrow, wait, rally, no, crash, rally for sure. Lots of comments about strange divergences or this isn't right or there's nothing to sustain this. Just ignore it, right? The technical indicators all say oversold yet the charts say we're in a breakout and going to the next resistance.

You can pick your favorite theory, or better yet your favorite blogger to stay loyal, and wait for the market to open tomorrow. She'll decide what she's gonna do and let you know soon enough. I haven't a clue. The whole WFC earnings rally thing caught me completely off gaurd. No way did they "earn" what they said they earned. Lots of theories about that to.

She'll let us know tomorrow how she feels.

In the meantime, here are a couple more blogs that are very useful and "smart".

http://zerohedge.blogspot.com/ A must read. I guarantee you will learn a lot, and it won't cost you anything.

http://mytrade.com/ I think I've mentioned this before, but here it is again. Personally I have been spending time here during the day on my trade twitter like posting. I love watching these complicated options trades and then figuring them out after posted. A great learning experience plus if one is a thinkorswim.com client, trades can be copied and pasted directly to account if one should so desire. Free also

Monte Carlo. The gambling haven. Fitting for this market environment.

Scroll down and some older posts have some seminars and videos borrowed (with permission) from Market Club.