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[Mr Dev]

just a quick note for the day .. im gonna try and catch the falling knife here at the close. im almost glad its a bit scary with things on the verge of a bearish confirmation breakdown. i think it either dips and blast up for tomorrows close or .. pops and dies. i flipped from short to long here at the close,..but ready to reshort or exit any +2% move up in the morning or by the end of tomorrow. im counter trend trading to the daily but playing a 15m positive divergence with a 15m bull trend sig ....with oversold daily oscillators. i've said back in April that the completion of the needed technical sell off may not come until we actually put in a daily positive divergence that balances the daily negative divergence the markets push to new highs for the year with last March. wishing you good trades.

Edited by Mr Dev, 09 May 2012 - 03:10 PM.