2 replies to this topic

[OEXCHAOS]

TSP is on a Sell and momentum just turned down. That's a Sell. The other sentiment doesn't hurt the Bearish case either. Those inclined to perfectionism might give this a little room yet and short strength. Those interested in making money over all probably should put on a short at the open for a swing trade. LOL! Mark

[IYB]

TSP is on a Sell and momentum just turned down. That's a Sell. The other sentiment doesn't hurt the Bearish case either. Those inclined to perfectionism might give this a little room yet and short strength.

Those interested in making money over all probably should put on a short at the open for a swing trade. LOL!

Mark

http://stockcharts.com/c-sc/sc?s=$SPX:$VIX&p=D&yr=0&mn=6&dy=15&i=p26794730260&a=270840191&r=943.png

I completely agree with your timing here Mark - and our signals suggest your trades could work nicely. I'll be playing it differently as I only trade in the direcdtion of the Intermediate Trem Trend..... and will be using weakness ahead instead to accumulate longs for the next swing trade upward. Expecting 1430-40 area ahead, but will let our signals dictate the timing of purchases on the pull back. Very best, D

[OEXCHAOS]

And to be sure, this is just a trade. And top-picking ta-boot. Still, the odds are good for a pullback. I'd not consider a short if my momentum indicator had not turned down. As it is, it has NOT confirmed. Trend is up. Mark