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Looking for a Big Red Candle on RUT tomorrow or Thurs.


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#1 viccarter

viccarter

    TRIN_Rida

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Posted 03 April 2012 - 07:16 PM

I don't know how else to say it. Was looking for the surprise to come Monday and was short Friday at Close. Last Friday, RUT was short term oversold on the 45 to hourly basis, but was hoping for some more to gap and trap Monday, and we got a little, but it was bought hard, hard, which was both painful and not surprising at all. I've bought tons of morning gaps/selloff over the past months. Actually, I was even more bearish at end of day Monday due to RUT Trin. Now I am not going to go into this until we sell some more, if we sell some more. Then I will show you on the charts. I chart both the RUT and NYSE (regular ARMS indx), but really only look at the RUT, because I think NYSE is fairly worthless the way most read it... but I will leave that to a post later (even if the short does not work out) I don't use it for entry/exits, just confirmation. If we sell more, and even if we sell hard. I have no further predictions, I'll just have to evaluate at that time.