as of last nite, 20dema of NYSE MCO was a horrific -11.5. while I think this rally can extend into next week, i'll take the early chance that the upside reward of staying outright long is limited.....breadth leads price as long as I've followed it. if/when the 20dema MCO gets south of -20+, I'll look to get and stay net long again.
allocation 1/3 SPX, 1/3 MID and 1/3 RUT
Scaling into shorts at the close
Started by
VolPivots
, May 22 2007 02:28 PM
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