Monday, November 5, 2012

Just some choppy trading action prior to the election. However, the last few days of trading has been more constructive.

Apple showing some signs of life as this is needed for the sake of the overall health of the market. Today’s candle produced a Harami Cross formation.  It’s just a fancy doji but since it occurred inside the previous day’s long red body, it does have more significance.

Stayed mostly on the sidelines today. Portfolio allocation will probably be 10-15% to the long side for tomorrow.

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