I think that for the next two or three days the mkt will
consolidate within the range of yesterday's red candle. And
only then we will see the mkt's true hand. So I am not being
complacent with either long or short plays.
hornsant- well, like we've been saying, the market is not
going to gain downside momentum until it looses the utprend line,
for now the trend is up, don't fight it too much and take profits
quickly
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mkt
Posted by hornsant on 8th of May 2009 at 11:47 am
I think that for the next two or three days the mkt will consolidate within the range of yesterday's red candle. And only then we will see the mkt's true hand. So I am not being complacent with either long or short plays.
SPX 60 min chart.png hornsant - well,
Posted by matt on 8th of May 2009 at 11:52 am
hornsant - well, like we've been saying, the market is not going to gain downside momentum until it looses the utprend line, for now the trend is up, don't fight it too much and take profits quickly