Monday, November 29, 2010 10:34:26 AM
Thanks, I like the fact that volume is still there. That's what it takes to break resistance. Then the shorts rush to cover. 
At least that's the plan. I still sold half, just in case.
FWIW: I just picked up some PCX for a quick bounce. I took my profit on TZA and will wait to re-enter. The dow 10 min is trying to pinch but hasn't confirmed yet. The trend is still down, I'm just playing a quicky against the trend. It could turn too. There were a lot of shorter pinches on my daily charts this weekend. dow 10 min is below the pcx chart.
At least that's the plan. I still sold half, just in case. FWIW: I just picked up some PCX for a quick bounce. I took my profit on TZA and will wait to re-enter. The dow 10 min is trying to pinch but hasn't confirmed yet. The trend is still down, I'm just playing a quicky against the trend. It could turn too. There were a lot of shorter pinches on my daily charts this weekend. dow 10 min is below the pcx chart.
Let's make one thing perfectly clear. I've made nearly 453 mistakes in my life. It's entirely possible that this post is 454.
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