Looking at the doji today scares me a little. I will keep those interested to read posted as things develop!
Moving to more cautious stance
Started by
fluid
, Jan 12 2012 01:53 PM
2 replies to this topic
#2
Charvo
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- Traders-Talk User
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Posted 12 January 2012 - 05:24 PM
I agree with the bullish stance. I looked at oil today. It went down big today. That's bullish for stocks. Treasury yields hardly went up. That's bullish for stocks, too.
#3
qqqqtrdr
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- Traders-Talk User
- 3,221 posts
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Posted 12 January 2012 - 06:30 PM
I'm short term bearish, medium term bullish.... We have extended the rally, sentiment is bullish, not a lot shorting going on.... We need a drop to buy into.... Currently I am 60% long waiting for some S&P stocks to drop below RSI 30 before buying.... The stocks that I am in continue to be beaten down CHK, AA, and BRCM, so I haven't sold yet but I feel they have more room to run.....
Barry
