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Market is not weak. Don't short. |
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Market is not weak. Don't short. -- theoretical - (367 Byte) 2010-7-13 周二, 08:06 (3696 reads) |
theoretical [博客] [个人文集]
头衔: 海归上校 声望: 院士 性别: 加入时间: 2006/10/13 文章: 5521
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作者:theoretical 在 青蛙园地 发贴, 来自【海归网】 http://www.haiguinet.com
don't want to trade against it. We are in up trend, so what's the point to short. Meanwhile, QQQQ is weaker than SPY, which means the trader is not chasing high risk assets yet. Thus, even up 5 days with low volumn, the market is not crazy. Meanwhile, as usual, we gap up open jumped over 1080-1085 resistance. Now, we are facing another major resistance, trend line and 50MA. I don't think another gap up will work tomorrow.
For bulls, now, move you stop to SPX 1085 (around Fib 61.. For bears, well, good luck.
作者:theoretical 在 青蛙园地 发贴, 来自【海归网】 http://www.haiguinet.com
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