MARKET THOUGHTS

i'm patiently waiting for a buy signal.. and will do so while i'm short from last week.. while watching a set up for a dramatic sell off.

Dev, A new set up forming? One that leads you to believe we roll on over for the second down leg? I was expecting a washout today and a bit disheartned as I wath them try to buils a st bottom Thanks O

i'm patiently waiting for a buy signal.. and will do so while i'm short from last week.. while watching a set up for a dramatic sell off.

We may get a small bounce first (i.e. today's bounce) before the ugly.........

Edited by redfoliage2, 26 June 2012 - 11:20 AM.

Thanks red...

i'm patiently waiting for a buy signal.. and will do so while i'm short from last week.. while watching a set up for a dramatic sell off.

We may get a small bounce first (i.e. today's bounce) before the ugly.........

waiting for my very reliable signal too-it can come on strength or weakness

agree .. i see a that the slight positive diver from the lows this am supported the bounce.. so now we have 2 big down days followed by two little up days

as a pattern while markets sit on a daily sell signal, this may be the best short since last friday or the wednesday before if not many people take it and

have gone long on this bounce.. here's hoping so.

if not we should know tomorrow if the small positive diver can give enough support to the next higher level.

a note that the RUT is up.70% (like last Friday) with the major indices... but IWM is basically flat.

Dev,

A new set up forming? One that leads you to believe we roll on over for the second down leg? I was expecting a washout today and a bit disheartned as I wath them try to buils a st bottom

Thanks

O

Edited by Mr Dev, 26 June 2012 - 02:37 PM.