I agree with your observations zwyss. I have just entered a 6E
short position as this has been my favourite vehicle for shorting
as of late. After a burst of enthusiasm as the European markets
opened tonight, it has since sold down hard. I am still not keen to
enter short on any of the US eminis as yet but will be watching to
see if today's action will lead to a reversal type doji
yesterday.
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possible top?
Posted by zwyss on 4th of Jan 2012 at 04:32 am
indices all over the world left triangles to the upside so one would expect that rallies will extend at least a couple of more days or even weeks.
But I'm finding myself looking for topping signs....
When looking at some of the leaders there are lots of topping signs imho on the daily and 60 min.
Anyone out there who thinks that we're going down from here?
I agree with your observations
Posted by payday on 4th of Jan 2012 at 06:55 am
I agree with your observations zwyss. I have just entered a 6E short position as this has been my favourite vehicle for shorting as of late. After a burst of enthusiasm as the European markets opened tonight, it has since sold down hard. I am still not keen to enter short on any of the US eminis as yet but will be watching to see if today's action will lead to a reversal type doji yesterday.