This is an update for my previous post. I'm expecting a pullback at the bull flag top and then continuation towards the 0.618 level (measured move). This might take several days. Don't forget to hedge - make money even when you're wrong, be a trader. Regards to the wisdom guardians.
Komen:
Komen:
this should complete the pullback, act accordingly
Komen:
the bulls are trying to turn the ship around and it's not easy - the point of control is where I'll be re-hedging if the bulls are too weak
Komen:
when a channel is too narrow, the spike is usually not for keeps, but this channel has some decent traction, so my overall bias remains bullish short term, although today can be a pretty narrow range/sideways
Komen:
i'm in a neutral position now - both long and short, we're in the middle of the range again and it can go either way, i'll play the upcoming extremes as always in a range game
Komen:
as neutral as it gets
Komen:
I was somewhat bullish this morning, but after I saw the depth of the mid-day dip I'm now neutral with some bearish thoughts in the background. The dip was deep, lol.
