Tuesday, August 9, 2011

Hold confirmed. No short.


  1. Well, there's your relief rally. Today's upside actiob was as amazing as yesterday's downside. We are living in crazy times.

  2. You're right, that was amazing. Imagine how many weak longs were stopped out during the post FOMC dip, and even worse imagine their frustration as the market skyrocketed the last hour without them.

    My system picked up on the bullish hammer candle, which is why we didn't get a short signal despite the huge move up in an unhealthy market environment.