Tuesday, July 19, 2011

Market headed up now..

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.

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