AI
Seven reasons why I like a short-term short now.
1) Stock hasn't broken out yet. It sold off at expected resistance around 5.60.
2) At the short-term cycle high.
3) At pitchfork resistance.
4) Climatic dead-cat bounce volume.
5) Day traders will want to take profits after 26% gain today.
6) Overbought from a money-flow perspective.
7) Longer term trend is down.
Got my short tight at 8% stop loss if I'm wrong...
1) Stock hasn't broken out yet. It sold off at expected resistance around 5.60.
2) At the short-term cycle high.
3) At pitchfork resistance.
4) Climatic dead-cat bounce volume.
5) Day traders will want to take profits after 26% gain today.
6) Overbought from a money-flow perspective.
7) Longer term trend is down.
Got my short tight at 8% stop loss if I'm wrong...
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
