Replies to post #99841 on ajtj99's Market Pulse

[euterpe1]

AJTJ99,

There definitely is a convergence there for support on your chart.

The weekly doesn't look so friendly, however. So far the 9ma on the weekly has acted as support. We'll see how this time plays out.

http://stockcharts.com/h-sc/ui?s=$WLSH&p=W&yr=3&mn=0&dy=0&id=p89918720842

I went to cash at the end of Nov and just recently went to hedged net long position. I just feel that the risk to reward is not there for the long case and that is why I remain cautious.