| Followers | 121 |
| Posts | 24039 |
| Boards Moderated | 0 |
| Alias Born | 02/20/2003 |
Wednesday, February 22, 2012 5:47:02 AM
re markets
Even though I am a huge bear, I continue to short and scalp since going long is too easy LOL... We are still in a hold long in the markets, but since the ABC Up target was hit and exceeded on the daily charts, am watching for a moving average consolidation or cluster for the "Big Break SPX"... The Dax backed off the holy grail of 7000 so that is indicatiing to me a possible top here. The VIX is something to watch here. When the Vix goes under the 26 mark, mutuals are buying, below 26 mutuals are selling, so we need that confirmation for the big break.
)
Even though I am a huge bear, I continue to short and scalp since going long is too easy LOL... We are still in a hold long in the markets, but since the ABC Up target was hit and exceeded on the daily charts, am watching for a moving average consolidation or cluster for the "Big Break SPX"... The Dax backed off the holy grail of 7000 so that is indicatiing to me a possible top here. The VIX is something to watch here. When the Vix goes under the 26 mark, mutuals are buying, below 26 mutuals are selling, so we need that confirmation for the big break.
)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
