No I dont like the way the markets acting in here. It just looks sluggish and spent to me. So, unless things change, I plan to take a third off the long side table this friday as a precaution. I can always get back in if I see strength. But I also have other indications that we might be rolling over in front of something more substantial on the downside. Though some targets of mine havent been hit yet, there's no guarantee they will and this run since last March has been very to good to us. So why get piggish in here? Of course I might see things entirely different tomorrow......its my perogative.
3 comments:
MOOrso,
I think 2CS has given us the more or less clear signal for further upside moves. So far nothing stopping this bull train. This is the third (and still tiny) pullback since March 09 low. Everything on track.
Joe
No doubt the 2cs is safe in here, I just have this feeling....maybe its the headache and cold I feel coming on....lol
Head and shoulders bottom formation on the hourly chart. Watch for upside breakout and huge pump into 2/8 high.
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