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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: rkchris	3/2/2012 2:33:01 AM
	of 41166

While just about everyone has been waiting /calling for a correction, mkt sentiment actually turned bullish as the mkt moved higher. This pattern is a somewhat rare phenomenon . From a peak short term o/b bearish reading on Feb 22, sentiment #s have gradually moved lower. It is fitting that with an ES up an even 10 handles on the day, short term sentiment moved from the bearish camp to slightly o/s bullish @ the close. With this backdrop, the ES has plenty of room to run & ES cr1397 - cr1407 could be seen in short order.

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