Edited by CLK, 28 June 2013 - 04:36 PM.
Weekly outlook
Started by
CLK
, Jun 28 2013 04:35 PM
2 replies to this topic
#1
Posted 28 June 2013 - 04:35 PM
For a huge divergent NYMO move up on the weekly, all we got out of it was 110 DOW points and a doji, not
even coming close to closing over the top of last weeks candle, we may get follow thru, but I give it
20% odds. This was more the action of a bear market than bull. I don't favor longs except really strong
stocks that have held up well.
I got stopped out of my GLD short with about 30% gain, would have been a lot more had I closed at the open.
Try again later. Still short DIA.
#2
Posted 28 June 2013 - 05:55 PM
Seems short is the right trade from here.
#3
Posted 28 June 2013 - 06:06 PM
If it goes sideways for a week then signal probably is going to fail. It needs to go straight down, no waiting.
Edited by CLK, 28 June 2013 - 06:07 PM.