Breach & Breakdown

UPDATE 12;00pm EST: My apologies for my unusual silence this morning but I am battling a major issue with my TOS account. For some reason I am unable to re-launch ThinkOrSwim, which is also happens to be what the Zero indicator is running on. I have already spent over two hours with TOS customer support trying to resolve the issue. It seems that my IP is somehow being blocked from connecting to their TOS server. They are working to resolve the situation but have not given me an ETA of when this will be fixed. In the meantime my poor Zero subscribers are stranded, much to my chagrin. Fortunately however I kept my main trading system up and running overnight and it still appears to be ticking. So, I will start emailing the Zero chart manually every 10 minutes to my subscribers until this is resolved.

Quick glance at the market: Looks like we’re having ourselves a nice clean breakout here, courtesy of Citibank which reported announced a profitable first two months in 2009 (those cats got all the Fed assistance in the world – they should be so proud at their ‘achievement’ – LOL). Tape looks strong and buyers seem to be prsent, so this could be the Intermediate (4) consolidation we all have been waiting for.

Anyway, I got to run – need to start emailing those charts. I will be pretty silent until my TOS problem has been resolved.

Cheers,

Mole