Replies to post #3688 on MDA - Market Direction Analysis (MDA)

[hk2]

I'm waiting for either the break up past 1411 or down below 1363 for my trading account. I see what should be sturdy support in the 1315 area, both due to the 50% fib and the 11 Nov pivot low. In my IRA, I've put a portion of my IRA into a RYDEX long fund. I will put another portion in at either 1315, or at 1450, depending on which way we break.

Jim


Jim

[royg1927]

Mlsoft isn't waiting for either. He took short positions today with the COMP in the region of 1400, give or take. Likewise.

[hk2]

hk2: do you wait for the break of 1363 or 1314 before the short play ?


Unfortunately, I'm away from the computer Wed mornings, so I've not taken advantage of this drop yet.


Jim