Thursday, August 04, 2011

down side is over at 1212.25 IMO

all bulls from now on, untill next update

2 comments:

  1. Pata, wow what a day.  I wish it was Friday already.  I tried to go long around 1225 which vol and price patterns looked close to a bottom IMO, but didn't think it would go all the way to sub-1200.  Did you get stopped out too?  Will remember this day for a long time. 

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  2. Yep, certainly a “crash” day. I tried longs per the plan I got but obviously it was wrong. Worse than that I failed to follow the most important part of my plan (IT direction) only to follow ST stupid bounces, BIG mistake. I will wrap up an a new post soon.
    Keep it safe, and even if a ST rally will come sooner or later, the bottomline is bears are in control, they are strong and this dominance should last…

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