Monday, April 12, 2010

Still in there. Holding short and down almost 20 points.

Man trading on the daily, 60/30 minute charts in 3's is just brutal. As you can see in the chart below, CCI broke to new hight (breaking bearish divergence) While STO/RSI/MACD/ADX(+DI) are still showing bearish divergence. We hit the top of that triangle formation. 1220 I was expecting to hit before the major 666- now correction takes place, but I was expecting a "b" pull back from the 1044 to 1999 run.

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