10:20 a.m. Markets really strong. 857 is 61.8% retracement. If it goes above that, we will close out our SPY shorts on a loss.
11.20 a.m. looks like a bull flag on the SPY. Cut and run (loss of 3%)
12:47 Market reversing. Looks like we got faked out. But still holding above hourly averages. Will wait for bearish crossover for entry if it occurs.
2:30 P.M Ha, the moving averages necktie act as support. It was wise to wait for the bearish crossover.
On a more sentimental note, quite a few people whom I have talked to, still don't believe the worst is over and that the bottom will be tested. While playing contrarian
comes "naturally" to everyone :-), can it be that we rally some more ?
3:45 P.M That was answered pretty quickly, entered TZ A at 32.45. Necktie broken at least intra hour. Looks like red volume is massive too.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment