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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (46408)1/24/1999 7:01:00 PM
From: JEB  Read Replies (1) of 119973
 
Funny you should mention this. Do you remember last week when you got a strange feeling and checked the indexes?

So did I.

It was the same day because you put out the warning that night.

There is one nasty looking 'Flying M' pattern on the SPY (Spyder tr - S&P trade index). This is VERY BEARISH!

I am glad you posted that to everyone. We may see a sideways week. Most of the week but it won't last long unless there is some news that comes along to rally the market to a new high (I don't see anything yet).

It's best to be cash and get ready to short. We are day traders (Most of us). We can make money in both directions.

I'm eyeing some good shorts and I'll get back to you on them.

Put away the hats and noise makers. It's time to do some work.

Good trading,
JEB
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