Short Spooz at 773.
Bulls are irrelevant here.
780 is unbreakable.
Banks are doing fine, but will get tired pretty soon.
Denleo
Short Spooz at 773
Started by
denleo
, Feb 26 2009 11:16 AM
2 replies to this topic
#2
mogreen
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Posted 26 February 2009 - 11:22 AM
I'm with you........Trannies and utilities aveages are down....Dow Jones non-conformation. Watching very carefully with finger on the trigger if we show weakness in last hour. I need to see a good A/D line today or else I'm bearish.
Edited by mogreen, 26 February 2009 - 11:24 AM.
#3
ogm
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Posted 26 February 2009 - 11:52 AM
Summations still pointing down, moving averages broken. MCO was oversold a bit, so we got this bounce. And sentiment turned wildly bullish on a small move up. Classic downtrend.
Great setup to short into. Sell the hope.
