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Tuesday, May 25, 2010

Time for minor 2


I sold all my short etfs today and bot some longs starting yesterday and bot some more today. Here is the count i like the best. This implies we could get a bounce to 1130 or so and take a week or a little more. The MACD shows a positive divergence for 5 that ended today. Also on option exp we had a major accumulation day, i wont get to excited about shorting until we get another major distribution day. heres the linkone of my favorite indicators http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2393449&cmd=show[s128363142]&disp=P

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