Edited by Mr Dev, 20 April 2012 - 08:52 AM.
EARLY EARLY MARKET THOUGHTS
Started by
Mr Dev
, Apr 20 2012 08:50 AM
No replies to this topic
#1
Posted 20 April 2012 - 08:50 AM
i'll just point to you folks that can thro up a RUT:VIX with 2 RSI to see that it topped March 26ish then April first and now this morning ...
now with a gap open below us along with the rising trendline of support this topping RUT ratio may strong enough to cause a breakdown in prices.
good luck out there ..stay nimble but with a bearish bias do moderate any exposure to the long side while playing a little more aggressive to the down side.
my bullish pattern is barely if at all still in play.. i thought it would take us straight up into Tuesday morning but the resistance of this chop channel has
had its influence.. now the RUT ratio...and im less bullish and holding a bearish position until the channel can break out or break down from here.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!