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OJ, I have agreed on a unwritten truce with the 'shorts', they once again got it all mixed up. I wish this simple lesson never to sell a support may be understood, my 586 50 days MA on a SINGLE DAY was a false break, we never saw that thing below it next day in last five minutes the rally started, before that they brought it down to 568 level on Monday 3.45 PM, rattled the shorts, and then closed back up above 586 to 595 a solid break of the key resistance, anyone watching this should have seen the shape of things coming, in a market where earnings are around the corner never short a stock or a index when it is just taking a breather from 827 DOT to 544, on a hair cut like this add instead of shorting.. I think AMZN YHOO AOL still have not started moving, on down side 622 now for me remains a point where I will like to ask what's happening? If 612 is taken out I will get out of 'last in first out trades'.. In Market trneding higher look for that break on down side like SPM 1332 and 2055 on NDX, these are important supports.. |
