I am fully long the market today. with long TNA and Short TZA... In both wallstreetsurvivor.com and updown.com.
The daily LRCs are all pointed up after a back test, retrace. 60 minute just turned up today. 10 min is up, 5min and 3 min. Everything is pointing up. Although weekly is looking like a possible trend change to down (long term view) it has not fully crossed over yet. also 200 dma has not yet been broken. I would think the July highs will be taken out. On the other hand, the unlikely scenerio of the debt ceiling not being raised could cause a major sell off.
Tuesday, July 19, 2011
Tuesday, July 12, 2011
I'm Back!
Back but not for long. Just to say, I have been too elated with the market dropping to talk about it or too depressed with the recent market rally to talk about that... therefore nothng much from me for a long time. I do feel a big drop is coming soon, any day now. however, my indicators are now pointing up on a daily basis, and down on an hourly basis. confusing? yup .. and flat on a 10 minute basis. go figure. In my contest accounts I am long but about to bail.
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