At close today, I got a short term Sell signal saying we are overbought and I should sell for lower prices. I do wish I had negative divergences to also confirm the sell.... At this point I will ride the market higher with a stop sell on QLD, and stop buy on SDS.... BDI continues to plummet, if my interpretation of BDI is correct the market should start correcting between now and August 10th...
Barry
ST Sell Signal
Started by
qqqqtrdr
, Jul 14 2010 04:52 PM
1 reply to this topic
#2
porsche911sg
-
- Traders-Talk User
- 2,907 posts
Member
Posted 14 July 2010 - 06:36 PM
I am just waiting for the market to say come and short... It is going to go down heavily under the 50/200 x over.At close today, I got a short term Sell signal saying we are overbought and I should sell for lower prices. I do wish I had negative divergences to also confirm the sell.... At this point I will ride the market higher with a stop sell on QLD, and stop buy on SDS.... BDI continues to plummet, if my interpretation of BDI is correct the market should start correcting between now and August 10th...
Barry
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
