If you bought on the divergence of the STO & RSI and the
reversal candle the stop was the breaking of the low of the
reversal candle. The divergence is still in place and we are
getting a bounce now. Because this is a strong downtrend one should
rather look to short bounces than to buy pullbacks.(dont bet
against the trend)
If you bought on the
$spx5
Posted by kobie on 7th of Jan 2011 at 01:03 pm
If you bought on the divergence of the STO & RSI and the reversal candle the stop was the breaking of the low of the reversal candle. The divergence is still in place and we are getting a bounce now. Because this is a strong downtrend one should rather look to short bounces than to buy pullbacks.(dont bet against the trend)
Thanks for your updates Kobie.
Posted by jambo1 on 7th of Jan 2011 at 01:05 pm
Thanks for your updates Kobie.