Edited by MikeyG, 30 May 2014 - 06:57 AM.
Rut Update
Started by
MikeyG
, May 30 2014 06:56 AM
No replies to this topic
#1
Posted 30 May 2014 - 06:56 AM
I would say I would rather be long here than short...
But since the setup is only ok, I will do neither...
Stopped out of Aussie short yesterday at a loss...
I can't post as much as I was on vacation last week...
Looking longer term now, I have GE completed a wave 2 in June and starting a wave 3 impulse down...
Now, if true this is very significant due to GE pretty much moves with the market...
Couple key elements before we can see a secular top here, obviously FIB has exhausted the one...
The other, would like to see a divergent MACD on the monthly RUT, which means a lot more room for bulls hear in the short term if this happens...
Good luck all...
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