$SPX weekly/$INDU weekly/$COMPAQ weekly all have negative divergence, but only NASDAQ touched weekly MOB target, $spx and $INDU still have little space to MOB.wait for new signals;
$SPX daily wave3 just touched 1.618*Wave 1, reach first target of wave 3, then pull back,PTI =91 which is greater than 35 and Osc pull back to 0, and it just touch blue wave 4 target then go up. looks like it is wave 5, but wave 5 MoB target is just 1386, not so much space to run. So be careful.
对于个股而言,依然有很多股跃跃欲涨。我的scanner依然发现了不少好的setup. will post in to 实时交易group tonight.
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The Dead Cat (SP500) Did Bounce Just As We Expected!
Stocks are pushing deep into a resistance level with very light volume… not a bullish sign. This is why we took profits yesterday with our SSO trade once we reached our dead cat bounce target of 2.5%. With it being Friday volume should only get lighter as the say progresses. I am starting to look at buying SDS as risk is low in my opinion but I’m going to let the morning play out first and re analyze in the afternoon.
The rising market has sent the volatility index tumbling lower and this just goes to show why you must manage position and use protective stops. I know many of you were angry that I said to take partial profits and that we got stopped out yesterday on the VXX trade for a net gain of 2.9% in three days. Maybe one day emotional traders will see that you must trade with the market and adjust your trade outlook while in the trade. The market does not stop and wait for you to see the light, rather it will just steam roll you and never look back. 作者: farshine 时间: 2012-3-11 20:51