Thursday, January 13, 2011

Getting a buy signal.

6:00pm: The buy signal held into the close. Seems kinda risky to be buying when the market is this extended but the trend is on your side. I'll be glad when the market gets back to normal and actually goes up and down.
Looks like a buy signal is on tap for the close.  However, if we see anymore weakness and the S&P finishes below 1280, the signal will flip back to holding on to shorts for another day.

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