Tuesday, October 25, 2011

Cover confirmed.

10pm: Well my system has moved to the sidelines. It is expecting a bounce tomorrow and locked in some solid gains. Of course just because it expects a bounce doesn't mean it will happen, which is exactly why we didn't get a buy signal. The chances of a bounce simply were not high enough to produce the buy. If we continue to plummet Wednesday, it will go long for Thursday. Conversely, a decent size bounce Weds will probably give us another short signal. Should be interesting.

Looks like a cover signal. Key number today is tna 43.96. If we close below, we'll get a cover signal. At or above that value, hold short. Thx!

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