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#1 Mr Dev

Mr Dev

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Posted 02 June 2011 - 10:45 AM

again the reason for skipping the last buy signal was the expectations of serious technical damage as a result from the Sell signal we are currently involved in.

nothing has changed on my weekly signals which are still early into their negative posture.

in trying to find a clue into the next bounce i did see that the end of January was the only area that offered some insights . . one may want to compare the TA then and now.

meanwhile we sit on our hands as this sell off could develop a more negative tone at anytime,.. as im watching the INDU break down into an oversold area on the hourly...

staying focused on any reversal areas on the oscillators and .....really not taking a long trade until i have a signal that i think is strong enough..
which usually means with a positive divergence for support.

trade safe
:bowtie:

.. .. ..
Mr Dev

......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
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