Thursday, July 19, 2007

Support here !

If momentum is alive , support levels are made to be broken.
This wasn't the case yesterday and that's why I exit the short. I do believe the bears are still around and as you know , we don't enter right away from long to short , as the market usually doesn't behave like.
There is usually a time for exchanging flags between the bears and the bulls. So I am waiting for more clues as the options expiration on Friday isn't usually categorized in big momentum plays.





2 comments:

Anonymous said...

Your cover your short signal came in on my e-mail this morning @ 10:26 EDT AM.

Jim

indextrading said...

oh - That's not good. I may consider to e-mail u guys directly.