Posted by dodgerdog on 27th of Jun 2009 at 01:10 pm
David - while we are looking for anther move lower (at
least a near test of the lows which would be a triangle - all other
scenarios would call for lower lows), you shouldn't lose any sleep
over it anyway. We will not (under any circumstances)
position short if the technicals do NOT support.
So in the end it's nothing to worry about since we don't trade
(even swing trade) off long term predictions. Instead, we
play the trend and stick with the trend until it changes.
DOW AND S&P 500 BOUNCE OFF MAY LOW -- A SHORT-TERM TOP,
HOWEVER, COULD LEAD TO A 38%-50% CORRECTION OF THE SPRING RALLY --
200-DAY AVERAGES PROVIDE SUPPORT BUT ARE STILL DROPPING
This was Murphy's headline today
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David - while we are
Opposing views.
Posted by dodgerdog on 27th of Jun 2009 at 01:10 pm
David - while we are looking for anther move lower (at least a near test of the lows which would be a triangle - all other scenarios would call for lower lows), you shouldn't lose any sleep over it anyway. We will not (under any circumstances) position short if the technicals do NOT support.
So in the end it's nothing to worry about since we don't trade (even swing trade) off long term predictions. Instead, we play the trend and stick with the trend until it changes.
DOW AND S&P 500 BOUNCE
Posted by brophy on 29th of Jun 2009 at 09:14 am
DOW AND S&P 500 BOUNCE OFF MAY LOW -- A SHORT-TERM TOP, HOWEVER, COULD LEAD TO A 38%-50% CORRECTION OF THE SPRING RALLY -- 200-DAY AVERAGES PROVIDE SUPPORT BUT ARE STILL DROPPING
This was Murphy's headline today