Search results

Look like a short position must be open now!

Will there be another move of 40,4,15 points above the last high? Or 60% of target range must be accepted. :( Prepare to short sell when there is a lower low. Keep the long position for more consideration.:confused:

Position reversed as said in strategy 2 at the last higher high after intraday resistance trend line was broken. Prepare to reverse position again at target (120,14,46 points), or short sell but hold the long position, where there is a lower low.

To be stop out again? If so, wait for another opportunity, the reward afterward is so great. May be, may be not.:D

"mMm" pattern!

Short position entered. Edit. 11:29 Set stop at the last high.

"M" pattern again. Too soon! Too short! Target fail? Prepare to enter short position.

Strategy 2 activated.

Long position closed and short position opened at open. Now wait to see if "M" pattern fails or not. If there is a higher high then strategy 2.

We don't, they do. http://www.bloomberg.com/apps/news?pid=20601068&sid=aJga9zeIsrco&refer=economy

The good news is "the correction has reached the target range and the Market has rebound". The bad news is "it looks like a 5 impulse waves down", so there may be a lower low unless this is the end of an irregular correction. Scenario 1. Futures point to a lower start. Strategy 1. Sell...

:DBravo!!!:D

Short covered due to reversed Head and Shoulders pattern. Quit for today.

Short re-entered. Set stop at the last high. Target as above.

Prepare to short sell if there is a lower low. Target 160, 16, 32 points.

The Market is going to shoot up soon. Looking for a shorting opportunity again at measured move.

Long position entered. Set stop at the last low. If stop out, wait for another higher high to re-enter.

Prepare to enter long position when there is a higher high. Set stop at the last low.

Cover short here at measured move.

Long position closed. Try to re-open long position when there is a higher high.