Want to see two really interesting graphs that share a lot in common with respect to price action and volume? You do? OK!

You guessed it; the top one is FAS (back in March) and the bottom one is FAZ (as of today). I'm (slightly) ashamed to admit it, but after a lot of analysis, I took the plunge in FAZ again at $4.80. It's a pretty big position, mainly situated as a hedge against my nutty cheapo stocks in my IRA.

As for what happened to FAS since March, you certainly know that.........

Today was a good day. But, honestly, I have nothing more to add at this point unless tomorrow is also a good (i.e. down) day. Because if this is the umpteenth "one hit wonder" (and a small one at that), you know nothing's changed - - - the market will just keep pushing higher until it doesn't. If we manage to get another day similar to this one, then we've got something interesting to talk about.

I went through hundreds and hundreds of charts, and although there are a handful of very good-looking bullish charts (which I have bought), there is something like a 30-to-1 ratio of bearish looking opportunities to bullish looking opportunities. Thus I find it difficult, understandably, to run around going long the market at these levels.

I would encourage you to check out the symbols from my last post. There are a lot of really great looking shorts in there, in my opinion.

Good night!

This is a thing of beauty. Stop=14.64.

I am only up to the "D's" of my charts, and have many hundreds to go, but here are a few interesting long prospects to chew upon.

Let me be clear.............as I'm going through charts, I am more excited than ever about the bearish prospects. But I wanted to throw these bullish ideas out there just for the sake of a bit of balance.

As I'm going through charts, some of the most wildly vulnerable are in the insurance area; here's one example:

Good morning, stout yeomen (and, er, yeowomen).

I shorted the /NQ yesterday at 1380.52 and it's inched down slowly all night. I'd say a target of 1315 would be fair for this little pattern.

Let's try to get 'em this week, shall we?