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Re: greenehugh post# 411230

Tuesday, 05/24/2011 11:05:12 PM

Tuesday, May 24, 2011 11:05:12 PM

Post# of 704570
Thanks...There was a good chance of a bounce at todays closing price...
RE: Sitting on top of 100dma, the two supports seen on BlackThoughts chart, filling the gap, etc, etc...

But looking at the futures (1305 @ the moment), that particular possible bounce becomes a lot less possible...
Of course we'll get good bounces but I would play them as they come...
No sense in trying to be a hero by catching the exact bottom... I'll continue to watch the longer trend indicators for signs of a reversal, and definitely give updates accordingly to help...

If we can figure out the right time to get out, we can figure out the right time to get back in, especially in the intermediate term...



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