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I got short today at the close.

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frenchee   Thursday, 04/12/07 09:10:25 PM
Re: fringe_remnant post# 70
Post # of 92 
I got short today at the close. Think the candlestick pattern today is a hanging man which is bearish. In addition, price trend is up while volume trend is down. This implies the EMU market is actually weak because short sellers are covering positions, causing a rally, and money is probably leaving the marketplace. Lastly, several negative divergences between EMU's momentum indicators and price. This usually resolves with price retracing. IMO, this would be a good place for longs to take a profit...




Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)

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