Tuesday, March 23, 2010

MicroTrendline Charts



Bears, keep your powder dry, don't pull the trigger on too many short positions until price action ducks back below these lines...The December 28th, double nodes took 13 trading days to resolve into a top on 1/15/10, the 3/11/10 nodes could take almost as long, so patience is required...

3 comments:

Hopper said...

Hi Mark,
I just started to scale in my shorts.

Cheers,

john said...

Hopper,

Have not seen you around in a very long time.

Mark,
I also started to scale in -- small amount short.

Dollar has a bid tonight


thanks for everything Mark

old john

mlytle said...

Hi Hopper and John,

Good to hear from you both...

Regards,
Mark L.