Countertrend trading is tough....
Started by
NAV
, Mar 09 2010 11:49 AM
2 replies to this topic
#1
NAV
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Posted 09 March 2010 - 11:49 AM
But if you have the necessary tools and be nimble, you can make some beer money for sure. Last time i posted a sell was on 2/22/10, which was good for 20 points. SPX 1134.90 is now the controlling pivot. Any break below that is a VST sell, which could be used by nimble countertrend traders. Above that pivot, don't waste your energy shorting. Good luck.
#3
ysop
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Posted 09 March 2010 - 12:23 PM
new high will come!But if you have the necessary tools and be nimble, you can make some beer money for sure. Last time i posted a sell was on 2/22/10, which was good for 20 points. SPX 1134.90 is now the controlling pivot. Any break below that is a VST sell, which could be used by nimble countertrend traders. Above that pivot, don't waste your energy shorting. Good luck.
