I am not at all bullish over all but Just a thought with this
move down , $nymo will make a higher low, the 10 ma on $nymo will
be in the oversold area, $vix is making lower high. Rsi is
diverging on daily . I am dumping my shorts Let see how the volume
is compared to the last time we were here. If I am wrong would not
be the first time. Good luck everyone .
No dis-respect and in MVHO, you've closed your shorts 2-4 years
too early. Or in a shorter time-frame, at the START of wave 3
(of 1) down of WAVE 3. Lots, and I mean LOTS of downside to
come.
closing my shorts
Posted by moh007ed on 4th of Feb 2010 at 12:36 pm
I am not at all bullish over all but Just a thought with this move down , $nymo will make a higher low, the 10 ma on $nymo will be in the oversold area, $vix is making lower high. Rsi is diverging on daily . I am dumping my shorts Let see how the volume is compared to the last time we were here. If I am wrong would not be the first time. Good luck everyone .
P.S. Thanks for all you folks’ great inputs.
No dis-respect and in MVHO,
Posted by jtverr on 4th of Feb 2010 at 12:49 pm
No dis-respect and in MVHO, you've closed your shorts 2-4 years too early. Or in a shorter time-frame, at the START of wave 3 (of 1) down of WAVE 3. Lots, and I mean LOTS of downside to come.
All valid comments - thanks
Posted by steve on 4th of Feb 2010 at 12:43 pm
All valid comments - thanks for sharing. Again, it all depends upon one's objectives.