Posted by stevedfw on 27th of Aug 2010 at 12:05 pm
Here were my observations on why not to go short on that
signal. The 5min candle bounced right off the 50p SMA, closed
above its open and closed right on its high.
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A little before 11:00 a.m.
5 min SPX chart worked well
Posted by breakout123 on 27th of Aug 2010 at 11:30 am
A little before 11:00 a.m. the slow sto began slightly below 80. What would have prevented you from going in short?
You have MACD neg div
Posted by stevedfw on 27th of Aug 2010 at 12:52 pm
You have MACD neg div now so the next signal 60p STO signal may work out.
Here were my observations on
Posted by stevedfw on 27th of Aug 2010 at 12:05 pm
Here were my observations on why not to go short on that signal. The 5min candle bounced right off the 50p SMA, closed above its open and closed right on its high.