No...but this market does not seem to want to go down and I am
getting the feeling that a melt up is in the offing.....am looking
for a pull back to get long but as is usually the case the market
does not want to co operate....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Marco
Posted by ronjuan on 10th of Aug 2012 at 03:33 pm
He is going on a buy signal at the close....?
Marco: buy signal
Posted by dallassteve on 10th of Aug 2012 at 05:38 pm
Yep, although he does say things look overbought.
That the way a system works, and his system is consistent and conservative.
Maybe this turns out to be a quick trade. Are you going to take it?
I have been short FDO for a couple weeks, added WMT (Walmart) short today. Both are swing trades I expect to last for weeks.
I am not feeling very bullish.
Marco
Posted by ronjuan on 10th of Aug 2012 at 07:25 pm
No...but this market does not seem to want to go down and I am getting the feeling that a melt up is in the offing.....am looking for a pull back to get long but as is usually the case the market does not want to co operate....