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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: HammerHead who wrote (2223)4/8/2010 12:14:26 PM
From: GROUND ZERO™1 Recommendation  Read Replies (1) | Respond to of 220752
 
If so, then I'll pull the long and get short again, we'll likely go much lower if that happened... I'm really basing my decision on the fact that this morning's low was not taken out, but instead the market rallied back above the opening and made new highs... this has to be considered positive action... and taking it a step further, if today's low actually holds, then there's a reasonable likelihood for a continued rally tomorrow... I'm just trading the action...

GZ



To: HammerHead who wrote (2223)4/8/2010 12:35:27 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 220752
 
Here's what I see...

The daily chart of the SSO from the February lows...



The hourly chart:



GZ