2 replies to this topic

[CLK]

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.

Edited by CLK, 28 June 2013 - 04:36 PM.

[CLK]

Seems short is the right trade from here.

[CLK]

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.