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Monday, May 10, 2010

A gift?

Is this morning gap up a gift to enter into new short positions? The 13/34 daily ema's crossed down and gave a sell signal. Usually if you go back and look when they cross their is a bounce back which gives you a chance to enter. You can check it out on one of Mike Breaux's blogs I will start reetering some shorts midmorning today and see what happens. Probably will start with some SRS TZA FAZ VXX and EDZ i'll also put stop losses on just in case the bulls take back control. Also remember to not get into to big of a hurry the bulls have the ball and may run a little more.

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