frtaylor - regarding RE, it really needs to have a reversal here
right away to keep that pattern intact. Also realize
that all those MA's are just below. Need to see a reversal of
some sort like on a 60 min chart etc. Clearly shorts have
been very tough in this market; the market is in a strong uptrend.
The best shorts come after the market has an initial good
pullback then looking to short the bounce.
Traders who follow the trend should still be long, but can hedge
with a short here and there, but not full bore short
Posted by frtaylor on 21st of Aug 2012 at 01:42 pm
Matt, as mentioned to Steve privately, thanks so much for
looking out for me here. I really appreciate it. Will
keep this one to a short term/scalp trade.
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RE rolling over?
Posted by frtaylor on 21st of Aug 2012 at 10:57 am
may be too soon to say, but RE may be rolling over. I shorted.
frtaylor - regarding RE, it
Posted by matt on 21st of Aug 2012 at 11:21 am
frtaylor - regarding RE, it really needs to have a reversal here right away to keep that pattern intact. Also realize that all those MA's are just below. Need to see a reversal of some sort like on a 60 min chart etc. Clearly shorts have been very tough in this market; the market is in a strong uptrend. The best shorts come after the market has an initial good pullback then looking to short the bounce.
Traders who follow the trend should still be long, but can hedge with a short here and there, but not full bore short
Matt, as mentioned to Steve
Posted by frtaylor on 21st of Aug 2012 at 01:42 pm
Matt, as mentioned to Steve privately, thanks so much for looking out for me here. I really appreciate it. Will keep this one to a short term/scalp trade.