Friday, September 24, 2010
Short Entry is Awaiting
This market is ripe for a drop, but I want to wait for the perfect setup to go with a swing trade. I will occasionally have daytrades on the short side, but for a trade that I can hold for weeks, I want a little bit better setup with more bullish sentiment and negative divergences. We've got the negative divergences but the extreme bullish sentiment is not quite there yet. It should get there within a couple of weeks.
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4 comments:
Like I said last Monday and again on Friday, the market is gaining confidence. We are going higher. People not in are afraid to miss, so they are going to pile in.
After we close above 1150..next stop 1200 and new high for the year. Then maybe a pullback.
You must be a very rich man.
Anonymous says a lot of things.
LOL i prefer to think i'm well-off!
Pet- nobody post more in here than you. I didn't realize you were the only one allowed to voice an opinion?
You are like that nagging person that always has to have the last word. You will prove my theory momentarily...
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