looking for a possible reversal tomorrow. all the bad news will be priced in after the cpi. short before the cpi for a quick scalp (5 handles) then looking to catch a reversal. good luck
looking for a possible reversal tomorrow. all the bad news will be priced in after the cpi. short before the cpi for a quick scalp (5 handles) then looking to catch a reversal. good luck
we entered longs in the DJIA when 10777 broke and added substantially more size ( up to the max risk allowance ) near the close. expecting further upside, and are strongly positioned to profit handsomely should the analysis play out as expected.
several of my trusted colleagues have turned wildly bullish and our analysis confirms their bullish stance.
took my 5 handles out premarket. will be looking for long at the value area high 1239.50 in the am. i'm not convinced that the bottom is in, but a few days or week of up side action should be in order to relieve the over sold condition of the market.
I'm sure we're looking at different things but it's quite reassuring to have a 'trusted few' point out the same thing at the same time. Good luck w/the position.
Cariocas
Quote from marketsurfer:
oh yeahhh! system nailed explosive upmove here. holding longs in DJIA.