Forced short covering (like now) doesn't turn a bear into a bull market?

Quote from crgarcia:

How to trade it? Long? Short? Both?
Knowing this it's vital to know if the downtrend is over or not.
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With all due respect, if you are unable to identify which direction was the profitable direction to trade in today . . . given that the financial stocks had their best day ever in history, then you really need to go back to square one and take a basic course in technical analysis.

From a most basic technical trading point of view, once above yesterday's SPX high at 1234.35 there was no longer a reason to short the market.

The 10-day MA which has kept this market intact on the downside looms large off tomorrow's opening - - - just a few points away.

Just the basics.
Blocking and Tackling.


:)
 
Not everyone trades tick by tick. Some hold for days. That being said, today may be an extension of the relief rally after yesterday's heavy selling in the early going.

- as volume jumped yesterday and fell sharply back today.

imho

paysense
 
The best part of this is we will be able to ride this down
again

like many said here just trade it.............lol

who cares up or down just love the moves
 
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