Posted by dodgerdog on 16th of Jun 2009 at 02:05 pm
Please be aware that the TREND is down - yes we have some
"possible" divergences forming but they have yet to be
confirmed. Until we see bearish symmetry broken, there is no
reason to be aggressive on the long side outside of scalping or
playing a few stocks bucking the trend.
From luminaries like alphahorn and ravun, no less. My
own strategy will be to tighten up stop losses on my winning short
trades from this morning so profits will be assured should a
reversal develop. Just my 2 cents.
Posted by dodgerdog on 16th of Jun 2009 at 02:30 pm
Very prudent - just trail your stops down in accordance with
your objectives and risk tolerance. There are NO buy
signals as yet just a few potential warning signs. Who knows
the market may just continue to selloff into the close.
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From top left down and then from top right down
Posted by ravun on 16th of Jun 2009 at 01:53 pm
SPX 5 min
SPX 15 Min
SPX 60 Min
NDX 5 Min
NDX 15 Min
NDX 60 Min
Please be aware that the
Posted by dodgerdog on 16th of Jun 2009 at 02:05 pm
Please be aware that the TREND is down - yes we have some "possible" divergences forming but they have yet to be confirmed. Until we see bearish symmetry broken, there is no reason to be aggressive on the long side outside of scalping or playing a few stocks bucking the trend.
Lots of "5's showing up on these charts
Posted by blue on 16th of Jun 2009 at 02:26 pm
From luminaries like alphahorn and ravun, no less. My own strategy will be to tighten up stop losses on my winning short trades from this morning so profits will be assured should a reversal develop. Just my 2 cents.
Very prudent - just trail
Posted by dodgerdog on 16th of Jun 2009 at 02:30 pm
Very prudent - just trail your stops down in accordance with your objectives and risk tolerance. There are NO buy signals as yet just a few potential warning signs. Who knows the market may just continue to selloff into the close.