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:
Your cover your short signal came in on my e-mail this morning @ 10:26 EDT AM.
Jim
oh - That's not good. I may consider to e-mail u guys directly.
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