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bbgold

02/23/12 10:13 AM

#18838 RE: RCKS #18837

Still holding over 1355 for now
The Econ news looks good this AM but it will be interesting to see if the 'Sell at 10:30' raises it's head again today, much as the DAX/FTSE sold off this morning, which would be yet another Bearish sign.
For now a decent test of support but will see how the reaction is to the resistance at 1357/1360.
Still Safest here to lock in profits/set stops on Longs as we both know the downside moves can be quick and sharp.
Good Trading!
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bbgold

02/23/12 11:26 AM

#18839 RE: RCKS #18837

Caution for Repeating Patterns
I am still hesitant Long here and expect a selloff.
We have seen in the past Repeating Trading Patterns from DAX/FTSE that can be Mirrored by the INDU/SPX and today might still be an example of that, so use some Caution on Longs here.
I am not saying Sell the World yet but just make sure you are Safe with your Trades.