Friday, February 03, 2012 9:20:25 AM
I guess we have now know that the dip we just had was a pause and not a top. Actually a classic pattern.
What a strong market. I did pull back to 100% at the dip, but that was the wrong move. Chart showed a MACD cross which is certainly a cause for concern, but Stoc never crossed which in this case was certainly telling.
H&S pattern that some saw, also failed. Are we headed for a repeat of last year, "Sell in May and go away"?
What a strong market. I did pull back to 100% at the dip, but that was the wrong move. Chart showed a MACD cross which is certainly a cause for concern, but Stoc never crossed which in this case was certainly telling.
H&S pattern that some saw, also failed. Are we headed for a repeat of last year, "Sell in May and go away"?
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
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