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That SPX 1540...


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#1 andiron

andiron

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Posted 17 April 2013 - 03:08 PM

still holding and still above 50 DMA..structure is weakening..... Mr Russel is shouting 'crash that escape velocity" w/ perhaps H & S....... we need some more bearish action in broader market - even though metals/steel/coal etc have been demolished.,growth? :lol: -before we could embrace it..thus spake Papa Bear...

Edited by andiron, 17 April 2013 - 03:11 PM.


#2 risk_management

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Posted 17 April 2013 - 08:01 PM

still holding and still above 50 DMA..structure is weakening.....
Mr Russel is shouting 'crash that escape velocity" w/ perhaps H & S.......
we need some more bearish action in broader market - even though metals/steel/coal etc have been demolished.,growth? :lol: -before we could embrace it..thus spake Papa Bear...


Yes and the price did a nice pivot reversal. These are the juiciest points when it comes to pure risk management but the time window is very short.