Tuesday, January 26, 2010
US Markets- Jan. 26, 2010
As of Friday's close...in addition to breaking the trendline, MACD has generated a weekly sell signal...the markets have huge downside potential before MACD would register an oversold condition. Will be adding 1/5 to the short position upon failure of the knee jerk bounce this week...to total 40% of the desired short position. Target for the bounce maximum 10450. The next few months will prove much more exciting, then the last few. Good luck and good trading. -Dio.
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