Wednesday, June 2, 2010

Test of indicators coming...

If you look at daily charts, the MACD indicator looks to crossover in a positive fashion, it looks short term bullish. The next couple days will be critical in confirming the Bear. We have to see if MACD is warning us of some kind of pumping by the FED to overcome the Bear, or whether we are just seeing a small Bull trap forming, or whatever...Don't commit to too many positions either way until this resolves...

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