Unique swing trading signals and stock market commentary.
Friday, December 3, 2010
The market status, as defined by my model, has flipped to healthy again. Generally, it would be wise to close all positions and wait for the next signal. However, I am spotting a bearish edge to the market. Following 2 gap up green candle days, when the 3rd day gaps down and forms a red doji candle, the 4th day (Monday, in this case) is bearish. With this in mind, I plan on holding my short position into Monday.