If we break the lows of the day, I'd be stopping out of positions put on earlier today and going back to cash.
Thursday, August 4, 2011
Intraday Double Bottom Test Here
Important moment here as we go back to retest the lows earlier in the day. As I wrote earlier, either we break and we're in bad shape, or we hold and it could be a very good thing.
If we break the lows of the day, I'd be stopping out of positions put on earlier today and going back to cash.
If we break the lows of the day, I'd be stopping out of positions put on earlier today and going back to cash.
Archives By Date
Best Of FMMF
- Blogroll
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows