Remove the noise

On Friday there was all the chatter about the market tanking and Dubai going under.  Bears came out declaring victory and the short trade got very crowded, as seen by the post below of the .03 up-volume ratio.  Then what do you know, yesterday was up. That is because on Friday the bears failed to do any technical damage to the market. 

One thing I've been doing in my trading is eliminating the intra-day noise from my charts.  A way to do that is to use Line Charts.  Using the close line chart you can see that SPX did not break any horizontal support on Friday and yesterday it held that line. From this chart you can also see the noise of the intra-day moves. If you are not an intra-day trader, try to eliminate the noise from your charts.