Next Week (10-16-2006)...

Again, I'll post my observations on the SPY daily and weekly charts, although I'm batting a nice goose egg so far. But, it is good practice for looking at individual stock charts during the week and reminding myself that the market is irrational and the charts may be just wrong. Therefore, money management is key, not going for it all on every trade.

Once again, the SPY's are well overbought, but still trending up. On the daily chart, the CCI is turing up and the slow stochastics are crossing, yet rising. The big volume day on Wednesday may be an sign and I would like to see at least a pullback to 135.30 or so. In reality, I'd like a pullback to 134 just to shake out some mo-mo players. On the weekly chart, it is just beautiful, who'd of known? The declining volume may be a sign, but it is nothing overly concerning. I am not a big volume player, I just watch the price and want it to go up on stocks I own--it's that simple.

Here are my notes:

As for trades on Monday, I'll be watching my MSCC and KRC trades. KRC exploded on Friday and I'm expecting a slight pullback or a hard push to $76.50. That would be spectacular! I am only watching YHOO for new trade. Given this stock's action, I will likely pass.

For now,
Masterjaz out