SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: TraderMann who wrote (9398)9/1/2010 1:37:22 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 218713
 
That's a nice place to short just in case this market falls apart, but just be careful...

Right from your own words, "Today was fueled by a lot of short covering...stops were hit just after the open...we have trading sideways since."

This means there is no selling, I wouldn't be surprised to see a further rally into the close... this market is going higher...

GZ



To: TraderMann who wrote (9398)9/1/2010 1:41:33 PM
From: Wayners  Respond to of 218713
 
Yea, I think it will recover fast. I don't use Fib retracement, just trendlines matching up recent highs and lows. Unless this a big fakeout of some sort (lower probability)