Tuesday, August 21, 2007

This Bounce is OVER!




I'm entering short positions again tomorrow. I posted my bounce targets a few days ago and we are getting close. I especially like the fact that we are nearing the 20 day moving average on both the Dow and S&P, which acted as resistance on the first bounce, and volume is totally nonexistent. The Nasdaq seems to be the strongest index and is not offering any clear signals.




No comments: