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


To: techtrader73 who wrote (114385)11/21/2018 10:01:45 AM
From: GROUND ZERO™  Respond to of 220450
 
I also think the bounce could fail, but I also think it's way too early, for me the jury is still out since I think we could still bounce higher from here...

If not, then this market is even more troubled than I first thought, we have seasonal tailwinds and especially for the week of Thanksgiving, so if this market can't rally now then I would have to agree...

Meanwhile, after 30 minutes these markets are again making new daily highs... so, I'm not yet going to reinstate any short positions...

GZ



To: techtrader73 who wrote (114385)11/21/2018 10:38:00 AM
From: GROUND ZERO™1 Recommendation

Recommended By
Mevis

  Respond to of 220450
 
I did reinstate a portion of my defensive spread position in this morning's rally just in case, but my position right now is still biased to the long side...

I'm playing it as if there's a plausible chance that we really did top out based on the charts I posted here this morning... and if we didn't top out, then I'm still in good shape for this rally...

GZ