Friday, July 30, 2010

More wildness...



I sold both short positions right after the open, the price targets on the $SPX were almost met,and as you can see, quite a bit of positive divergence on hourly. So a 'bird in the hand'...

So the market may have bottomed today and not on the 2nd or 3rd as I originally thought. With this much volatility, it's hard to know for sure, but when you're close to the profits you meant to make, grab them....

Note the conventional trendline below, the market really may have turned up today, and it looks like a wedge is maybe developing, the lines are not quite parallel:

1 comment:

Penny Stock Investing said...

Take a walk on the wild side.