http://www.traders-t...howtopic=140861
Nothing changed. I would expect a VST bottom soon and then one last rally to the levels mentioned. Then Kiss It Goodbye!
I'll Give This Market-Still in play
Started by
CRUISENAL
, Jul 20 2012 01:52 PM
2 replies to this topic
#2
dasein
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Posted 20 July 2012 - 02:22 PM
that was my preferred scenario, but it might be asking too much.
best,
klh
klh
#3
CRUISENAL
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Posted 20 July 2012 - 03:28 PM
Might be, as we never know how it goes. I just study lots of past patterns. Markets do at times follow similar patterns. The one we are in suggested to me that the odds favored it getting to these areas and then decline. We are about to fine out! I am fully in CASH and expect to put it to work on the Short side soon for about 4 months, but watch it closely. But I'll take it off the second I am wrong. I think today was just a selloff to Max Pain levels. The QQQ was at 64 so the 64.25 close fits that. Now I expect a turn up and end the week up. After that it's a day at a time to see how it plays out. Alan
that was my preferred scenario, but it might be asking too much.
